Rev­o­lu­tion Pre­crafted strength­ens Gulf pres­ence

The Philippine Star - - BUSINESS -

Rev­o­lu­tion Pre­crafted, a global sup­plier of pre­fab de­signer homes, pavil­ions, re­tail spa­ces and re­lated struc­tures, has signed an agree­ment with Prop­erty One In­vest­ment Co. for the sup­ply of res­i­den­tial vil­las in Bahrain, a move that fur­ther strength­ens the com­pany’s pres­ence in the Gulf Co­op­er­a­tion Coun­cil (GCC) re­gion.

“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. We are also very ex­cited to part­ner with Prop­erty 1 be­cause of its man­age­ment’s track record and ex­pe­ri­ence in the real es­tate in­dus­try,” 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. Fur­ther­more, Rev­o­lu­tion Pre­crafted will sup­ply Prop­erty 1 and its clients over the com­ing five years, up to 500 mod­u­lar vil­las. The fourbed­room vil­las will mea­sure up to 200 square me­ters each, and will be val­ued at af­ford­able prices start­ing at $320,000.

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

Mu­rad Al Ra­madan, Prop­erty 1 founder and man­ag­ing direc­tor, said the part­ner­ship will de­liver mod­u­lar homes de­signed to be eco-friendly and en­ergy ef­fi­cient us­ing so­lar pan­els to save en­ergy cost, eco­nom­i­cally af­ford­able with­out com­pro­mis­ing on qual­ity, and ex­clu­sively de­signed to sus­tain the weather con­di­tions and stan­dards of the Mid­dle East.

Rev­o­lu­tion Pre­crafted will fi­nal­ize the de­sign and ex­pect to start sup­ply­ing homes start­ing 2019.

Bahrain is the 12th in­ter­na­tional mar­ket for Rev­o­lu­tion Pre­crafted. The com­pany is present in the Philip­pines, United Arab Emi­rates, Myan­mar, Ja­pan, In­done­sia, Ecuador, Puerto Rico, Guyana, Ja­maica, Trinidad, Ja­maica.

Over the past six months, it has bagged over $7.5 bil­lion worth of bigticket projects in­clud­ing the $3.2-bil­lion part­ner­ship with Seven Tides for “The World Is­lands” in Dubai, and the $1.2-bil­lion Okkyin project in Myan­mar with KT Group. Last month, it signed a $300 mil­lion deal­er­ship agree­ment with Novo De­vel­op­ment Ltd. to build at least 1,000 homes in the Caribbean na­tions of Trinidad and Tobago, Guyana, Ja­maica and the Ba­hamas. It also landed a deal to build 85 lux­ury re­sort vil­las in Ok­i­nawa, Ja­pan and 2,000 hous­ing project in Puerto Rico with Grupo Ca­cho. It also re­cently an­nounced its fran­chise agree­ment to sup­ply mid-in­come homes in Ecuador.

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