Monday, April 23, 2018

Revolution Precrafted Lands $300 million Caribbean Deal

Last October I wrote an article about Revolution Prefabricated homes, a Philippine modular company becoming the first Unicorn.

The term unicorn is used to describe startups that have achieved a valuation of over $1 billion.

Today Revolution Precrafted announced an exclusive $300,000,000 deal with NOVO Development, a Caribbean-based real estate firm that operates in the island nations of Trinidad and Tobago, Guyana, Jamaica, and the Bahamas.

This is just Phase One of a $1 billion project.

Established in December 2015, Revolution Precrafted sells highly customized prefabricated properties, including pavilions, homes, condos, hotels, adaptive amenity spaces, transportable restaurants, pop-up retail shops, gyms, and even customized clamping that can be ordered on the company’s website.

This follows a $1.2 billion project in Myanmar and a $3.2 billion deal to build luxury homes and apartments in Dubai.

Not too shabby for a company that is only a little over 2 years old!

Last I heard they have begun signing contracts with several US developers to build large commercial projects and housing.

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