Revolution Precrafted seals $210-million US deal

REVOLUTION PRECRAFTED PROPERTIES, Inc. is expanding into the United States after securing a $210-million deal to build luxury villas in California.

The property technology firm said in a statement that it bagged a contract with Imperial Heights LLC for the supply of “ultra-high luxury” residential villas in San Gabriel Mountains, San Bernardino County in California.

Under the contract, Revolution Precrafted will build 60 residential villas spanning at least 450 square meters with around five to six bedrooms each. The company said each villa will cost $3.5 million.

The villas will stand on a 24-acre property inside a gated luxury residential development in San Gabriel Mountains called Imperial Heights Estates.

The company has also been placed in charge of land and site development.

Revolution Precrafted Founder and Chief Executive Officer Jose Roberto R. Antonio said the design of the villas is still being finalized, with development to start by the first quarter of 2019.

“We have enjoyed great success in Asia, Europe, and Latin America and we are proud that through our extensive partners network, we have finally broken through the United States, which is one of our primary target countries,” Mr. Antonio said in a statement. —