Philippine proptech unicorn Revolution Precrafted bags deal in Bahrain

Source: Revolution Precrafted

Philippine-based unicorn property developer Revolution Precrafted continues to expand its footprint overseas, this time signing a multi-million-dollar deal to supply residential villas in Bahrain, a major financial hub in the Middle East.

In a statement, the property-technology startup said it has signed an agreement with Bahrain’s Property One Investment Company (Property 1) for the supply of residential villas in the Arab nation.

“This is an exciting period for the company as we continue to expand our footprint worldwide. Bahrain is an important part of this expansion because of its strategic location and its very strong economy,” said Robbie Antonio, Founder and CEO of Revolution Precrafted.

Under the partnership, Revolution Precrafted will design and supply modular residential villas specifically designed for the Middle East using a combination of precast and prefab technology.

The developer will supply Property 1 and its clients over the coming 5 years, up to 500 modular villas. The four-bedroom villas will measure up to 200 square meters each, and will be valued from $320,000 each.

“These villas will be supplied to various housing developments in Bahrain, a country located in the Arabian Gulf, with a population of less than 1.5 million. Bahrain is considered a major financial hub and trading center in the Middle East,” Revolution Precrafted said.

Murad Al Ramadan, Property 1 founder and managing director, said the objective the partnership is to deliver a modular home designed to be eco-friendly, energy-efficient and exclusively made to sustain the weather conditions and standards of the Middle East.

In May, Revolution Precrafted announced a deal to supply over 2,000 residential villas in Puerto Rico. The residential villas will have an average cost of $250,000 and will take three years to complete.

Established in December 2015, Revolution Precrafted sells highly customizable prefabricated properties, including pavilions, homes, condos, hotels, adaptive amenity spaces, transposable restaurants, pop-up retail shops, gyms, and even customized clamping that can be ordered on the company’s website.

So far this year, Revolution Precrafted has sealed more than $6.5-billion worth of deals overseas. These include the $3.2-billion World Islands deal with Seven Tides in Dubai, the $1.2-billion Okkyin project in Myanmar, the $300-million dealership in the Caribbean, and most recently, a luxury resort project in Okinawa.

Also Read:

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.