Revolution Precrafted Properties, Ltd. continues its global expansion with its entry into Ecuador, banking on the strong demand for housing in the middle-income segment in the country.
The property-tech firm said in a statement that it has recently awarded a franchising agreement to Ecuador-based Innovation LLC. Under the deal, Revolution Precrafted will be supplying mid-priced to luxury residential units in the country.
“This franchise agreement with Innovation LLC is a strategic move for the company. It allows us to tap into huge South and Central American land bank. This supports our goal of extending our reach to at least 20 to 25 markets this year,” Revolution Precrafted founder and Chief Executive Officer Jose Roberto R. Antonio was quoted as saying in a statement.
Ecuador marks the 11th international market under Revolution Precrafted’s portfolio. The company has been rapidly expanding since its establishment in 2015, managing to establish its presence in Dubai through a partnership with Seven Tides International for The World Islands project. In Myanmar, Revolution Precrafted partnered with KT Group’s Okkyin project. — Arra B. Francia