by VG Cabuag, Business Mirror
ANTONIO-LED Revolution Precrafted Inc. (RPI) said it bagged an agreement allowing the company to construct more of its modular-type houses and facilities in Mexico, Pampanga.
Jose Roberto R. Antonio, the company’s CEO, said they will construct an additional $400 million worth of houses on a 70-hectare property called Lakeshore being developed by Central Country Estate Inc. (CCEI).
In total, RPI will supply houses and food-park retail facilities covering 140 hectares.
The Lakeshore development spans about 250 hectares.
There are already other houses in Lakeshore since RPI bagged the contract for the property’s expansion, including the retail strip called Flavorscapes.
“At [RPI] we’re not a developer; we usually just are suppliers of structures, in places such as Lakeshore. Brian [John P. Mangio, managing partner at CCEI] asked us do the marketing and sales, as well,” Antonio said. “But they’re the developer, they own the land, they do the site development and all that. And then we do the sales and marketing.”
For the first phase covering 70 hectares, RPI is supplying the houses and lots worth between P1.3 million for a 45-square-meter (sq-m) two-floor unit and about P3.2 million for a 121-sq-m unit.
For the second phase, which also covers the additional 70 hectares, RPI is also constructing the residential units, but Antonio said these will be more upscale than the first phase.
The Antonio-led firm will also construct what it calls “pop-up food and beverage park” targeting local merchants.
Antonio, who is also a managing director at listed firm Century Properties Group Inc., said the company will help the merchant set up their food and beverage business within Flavorscapes area, guiding them every step of the way in growing their business.
RPI said it already sold some P2.5 billion during its sales pitch for the project over the weekend.
The second phase of the project is still on the company’s drawing board.