Philippine-based property technology unicorn Revolution Precrafted has further widened its global footprint after sealing a multi-million-dollar deal to supply residential and lifestyle leisure properties in Peru.
In a statement, the global supplier of prefabricated homes and related structures, said it has signed a deal with Peruvian developer Builders and Realtors for the supply of 50 luxury curated country villas, ranging from 200 to 300 square meters each, for the first phase.
The total number of villas is expected to reach a total of 90. The units will range from $140,000 to $310,000 in prices, Revolution Precrafted said.
Additionally, Builders and Realtors intends to build a prefab country-inspired low-rise hotel resort of 30 rooms. The rooms will have sizes of at least 40 sq m.
The hotel facility will have provisions for interior parking for more than 70 cars. It will also be developed with provisions for other amenities such as a bar, a restaurant, two pools, a conference room, gym, and spa.
Peru becomes the 16th international market for the company, considered as the fastest growing startup in Southeast Asia. It is also the latest market for the property-tech company, which already has presence in Brazil, Ecuador, Puerto Rico, and El Salvador.
“There is a substantial demand for quality homes in Latin America. We believe that there is a great opportunity for the company to further increase its presence in the region. We hope to be present in 3-5 more countries from Latin America before the year ends,” said Revolution Precrafted Founder and CEO Robbie Antonio.
Headquartered in the Philippines, Revolution Precrafted became the first property technology unicorn minted in the country.
Over the past six months, it has bagged over $8.1-billion worth of big tickets projects, including the $3.2-billion partnership with Seven Tide, for “The World Islands” in Dubai, and the $1.2-billion Okkyin project in Myanmar with KT Group.
It also signed a $300-million dealership agreement with Novo Development Ltd. to build at least 1,000 homes in the Caribbean nations of Trinidad and Guyana, Jamaica and the Bahamas.