After sealing more than $6.5-billion worth of deals overseas so far this year, Philippine-based unicorn startup developer Revolution Precrafted announced Wednesday that it has bagged a multi-million-dollar deal to supply 800 units of villas and residential units in an integrated resort project at home.
Revolution Precrafted signed the agreement with listed firm Boulevard Holdings Inc to supply at least 800 units on a 12-hectare parcel of land inside the Puerto Azul Beach Club and adjacent valleys in Ternate, Cavite, a province in the Philippines.
The property technology (proptech) startup said the deal is expected to realise at least $125 million in revenues and put the spotlight on the prime property once dubbed as “Asia’s Paradise Resort”.
Revolution Precrafted Founder and CEO Robbie Antonio said the Puerto Azul project is an ‘integrated resort project” featuring 800 units of lifestyle investment properties.
Among these properties are resort villas with sizes ranging from 23 square meters, 36 square meters and 60 square meters. The development will also feature low-rise, two-storey design- driven condominiums, and an exclusive village composed of curated, branded residential units.
It will also have a grand beach club and a wide array of restaurants and retail spaces.
Antonio said this covers the first phase of the project with the company eyeing some 3,000 new residential units, for a possible second phase.
All these structures will be part of the 12-hectare portion of the Puerto Azul Golf and Beach Club and adjacent Valley owned by Boulevard Holdings and Puerto Azul companies, in Ternate, Cavite.
“This project is part of our efforts to diversify and get involved in the lifestyle and tourism sector,” Antonio said.
Under the terms of the partnership, Revolution Precrafted will shoulder the supply and construction of the residential and leisure units, as well as the necessary land development, and master plan.
Established in December 2015, the company sells highly customisable 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.
It has bagged $6.5 billion worth of projects including 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 mostly recently, its luxury resort project in Okinawa.