Established in December 2015, Revolution Precrafted specialises in the construction of pre-fabricated, made-to-order homes designed by some of the world’s most prominent, award winning-architects such as Zaha Hadid, Jean Nouvel, Christian de Portzamparc, Philip Johnson and Alan Ritchie. Despite being unique and impressive, Revolution Precrafted says the homes are constructed at a fraction of the cost of commissioned designed built using traditional construction methods.
A year after the company was founded with a tiny workforce of just five employees, a Series B funding round led by Singapore-based VC firm Venture Global raised the start-up’s valuation to over $1bn, making it the first ‘unicorn’ start-up from the Philippines’ and allowing the company to establish a vast footprint in a number of global markets, including Italy, Japan and the UAE. The company’s workforce has also now ballooned to over 500, including its highly active salesforce.
Regionally, Revolution Precrafted earlier this year penned a $3.2bn deal with luxury developer Seven Tides to design, supply and install two-and three-bedroom condominium apartments and villas on Dubai’s the World Islands, which Antonio has said he expects to bring in between $300m and $500m worth of sales from the ambitious project.
Additionally, in June, Revolution Precrafted penned a deal with Bahrain’s Property One Investment Company (Property 1) to supply 500 modular “eco-villas” over the next five years. The four-bedroom villas will measure up to 200 sq-m each, and will be valued starting at $320,000 each.
In this edition of inside AB, Jeremy Lawrence and Bernd Debusmann look at how a new generation of prefab construction methods around the world could truly revolutionise the way we build and live.
(Source: Arabianbusiness.com YouTube channel)