REVOLUTION Precrafted Properties Philippines, Inc. has been tapped by Boulevard Holdings, Inc. (BHI) for an integrated resort project in Cavite that is expected to generate P6 billion in sales.
In a statement, Revolution Precrafted said it has signed an agreement with the listed property developer where it will supply at least 800 units in a 12-hectare property inside Puerto Azul Beach Club and the Valleys in Ternate, Cavite.
The units to be built include resort villas sized 23 square meters (sq.m.), 36 sq.m., and 60 sq.m. The project will also feature two-storey condominiums, an exclusive village, a grand beach club, restaurants, and retail spaces.
“This project is part of our efforts to diversify and get involved in the lifestyle and tourism sector… Once completed, the Puerto Azul project will revive tourism activity in the area,” Revolution Precrafted Founder and Chief Executive Officer Jose Roberto R. Antonio said in a statement.
Under the deal, Revolution Precrafted will be in charge of the project’s master plan, land development, and the construction of the residential and leisure units.
Mr. Antonio said the company targets to start land development by the fourth quarter of this year, with the initial residents expected to move in 18 months after that.
The Puerto Azul project will be the first under Revolution Precrafted’s leisure and hospitality segment, Revolution X. Here, investors can own properties with the option of entering into a management agreement with a revenue-sharing scheme.
BHI’s partnership with Revolution Precrafted forms the first phase of its project in Puerto Azul, where it targets to add another 3,000 residential units for the second phase.
Revolution Precrafted has been striking a string of international deals in the past three months, which will expand its footprint to Dubai, Malaysia, and the Caribbean.
In Dubai, it has partnered with Seven Tides for a $3.2-billion project called World Islands. The company will also be supplying affordable housing projects in Okkyin in Myanmar, as well as a luxury resort project in Okinawa worth $300 million.
Locally, the company’s projects include the $1.1-billion Batulao project in Nasugbu, Batangas and the $750-million Revolution Flavorscapes in Mexico, Pampanga. — Arra B. Francia