PH unicorn Revolution Precrafted cracks Europe with $52m Spain deal

A Revolution Precrafted partnership photo, sourced from the company's social media page.

Philippine-based unicorn developer Revolution Precrafted said it has sealed its first-ever European deal after signing an agreement with BC Estudio to supply hotel and residential units in Catalonia, Spain.

In a statement, Revolution Precrafted said it has agreed with BC Estudio, an architecture, design, and property management company, to build 50 units of hotel villas on a 12-hectare lakefront plot along the Ebro Delta, situated in the province of Tarragona in Catalonia.

As part of the initial phase, Revolution Precrafted will build around 40 1-bedroom villas measuring 30 square meters each. It will also build an additional 10 2-bedroom villas on the lakefront plot. Each unit costs a minimum of $200,000.

Robbie Antonio, Founder and CEO of Revolution Precrafted, said the company has always wanted to expand to Europe but was waiting for a high-impact project to showcase its expertise and product portfolio.

“At the same time, we wanted a project that would shine a light on Europe’s ecotourism potential. We are very happy to partner with BC Estudio in spearheading a development that would further strengthen Spain’s tourism,” he said.

Gabriel Barba and Jordi Barba, partners at BC Estudio, said the tourism potential of the sites are significant considering their location. BC Estudio will work in collaboration with a local partner office in the delta del Ebro, Actua B Arquitectura.

Spain becomes the 13th international market for Revolution Precrafted, which is in the middle of a global expansion spree.

It currently has projects in the Philippines, Myanmar, Indonesia, United Arab Emirates, Japan, Ecuador, Puerto Rico, Trinidad, Guyana, Jamaica, Bahamas, and Bahrain. The company expects to be present in 25 countries by the end of 2018.

Antonio said the development of the Spain villas masterplan will take several months while the construction of the hotel villas will start in early 2019. The company seeks to complete the project’s plans by the third and fourth quarter of this year.

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:

Philippine proptech unicorn Revolution Precrafted bags deal in Bahrain

Revolution Precrafted’s Robbie Antonio says looking at IPO in 2020-21

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.