REVOLUTION Precrafted on Tuesday said it has signed a deal with Builders and Realtors for the supply of residential units on a 10-hectare property in Piura, Peru, further expanding its footprint in South America.
In a statement, the global supplier of pre-fabricated homes said Builders and Realtors will initially buy 50 “luxury curated country villas” with sizes ranging from 200 to 300 square meters (sq.m.). The agreement provides for the supply of 90 villas.
“There is a substantial demand for quality homes in Latin America. We believe that there is a great opportunity for the company to further increase its presence in the region. We hope to be present in 3-5 more countries from Latin America before the year ends. We will be back to complete our LatAm (Latin America) roadshow,” Revolution Precrafted Founder and CEO Jose Roberto “Robbie” R. Antonio was quoted as saying in a statement.
The company said the luxury villas will be priced from $140,000 to $310,000. The houses will be built on lot sizes ranging from 700 to 1,000 sq.m.
Revolution Precrafted said the Peru-based company is also planning to build a prefabricated country-inspired hotel resort.
The resort will have 30 rooms with sizes starting at 40 sq.m., as well as an indoor parking area for over 70 vehicles.
Peru is Revolution Precrafted’s 16th international market, and the fifth in South America after Brazil, Ecuador, Puerto Rico, and El Salvador.
Revolution Precrafted is aiming to be present in 25 countries by the end of 2018. It is currently constructing projects in United Arab Emirates, Myanmar, Japan, Indonesia, Ecuador, Puerto Rico, Guyana, Jamaica, Trinidad and Tobago, the Bahamas, Spain, and Cyprus.
In the Philippines, the company is developing units for Batulao Artscapes in Nasugbu, Batangas and the Revolution Flavorscapes in Mexico, Pampanga. — CRAG