by VG Cabuag, Business Mirror
ANTONIO-LED Revolution Precrafted Inc. said over the weekend that it clinched a deal to develop at least 85 prefabricated boutique hotel villas on a beachfront property on Miyako Island in the Okinawa district of Japan.
“This foray into the Japanese market is even more meaningful as Japan, home to six Pritzker-prize winners, is all about high design and forward-thinking architecture— everything that Revolution Precrafted is about. We have several Japanese architectural geniuses on our exceptional roster of Revolutionaries—Sou Fujimoto, Kengo Kuma, Nendo Studio and Pritzker architectural firm Tange and Associates,” said Jose Roberto Antonio, the company’s CEO.
Antonio said his company will build luxury villas with sizes ranging from 23 square meters to 60 sq m in the Japanese island, which is gaining popularity among tourists.
Okinawa is Japan’s southernmost prefecture, significantly distinct from the rest of the region. It has beaches and temperate climate all year round, making it a top choice among travelers. The island boasts of a 100-kilometer coastal line. Okinawa tourist arrivals rose to 9,396,200 in 2017, up 9 percent from the previous year, surpassing even Hawaii’s numbers.
Tourist arrivals in Okinawa has been increasing over the past five years.
“This is only the first of many projects we intend to do in Japan,” Antonio said.
Revolution Precrafted supplies luxury prefabricated houses, museums, pavilions and other structures. The start-up has partnered with over 70 of the world’s foremost architects and other creatives, including Zaha Hadid, Jean Nouvel and Christian de Portzamparc.
Since its founding in 2015, the company became one of the fastest-growing startups in Southeast Asia, valued at over $1 billion.
The property has locked-in about $6.5 billion worth of projects including the $1.1-billion Batulao Artscapes of Century Properties Group Inc. in Nasugbu, Batangas and to the $350-million Revolution Flavorscapes project in Mexico, Pampanga.
In March the company announced its $3.2- billion partnership with Seven Tides to build luxury hotel villas, retail pop-ups, condominiums and apartments on nine islands of “The World” project in Dubai.
In the same month, the company also signed an agreement with billionaire conglomerate KT Group of Myanmar for the supply of homes and retail structures for the $1.2-billion Okkyin mixed-development project in Yangon.
It recently secured a contract with Novo Development Ltd. to supply at least 1,000 prefabricated units in the Caribbean island nations of Trinidad and Tobago, Guyana, Jamaica and the Bahamas with an estimated sales value of $300 million.
This will be the first phase of the dealership that aims to develop $1 billion worth of structures in the Caribbean region.
Leave a Reply