Revolution Precrafted bags deal to operate in Mexico, Pampanga

More from author

SEC greenlights SMIC fixed-rate bond offer

The Securities and Exchange Commission (SEC) has approved SM Investments Corp.’s (SMIC) P30-billion shelf registration of fixed-rate...

Private sector’s journey amid pandemic marked by fortitude, innovations

AT the same time a small store’s window is flung open in Muntinlupa, a woman crosses a...

Jollibee opens flagship stores in US, UK

Jollibee Foods Corp. on Wednesday said it opened its first flagship stores in Liverpool in the United...

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.

- Advertisement -


Please enter your comment!
Please enter your name here

More updates

Davao tribal student wins Thai-hosted Asean youth speech tilt

DAVAO CITY – A tribal engineering student here romped away with top honors at the overseas...
- Advertisement -

Asia’s biggest cruise ship debuts in Subic

SUBIC BAY FREEPORT – Despite an overcast sky, the Subic Bay Freeport welcomed the arrival here on Friday of MS Spectrum of the Seas, the largest cruise ship operating in the Asian region today. SBMA Chairman and Administrator Wilma T. Eisma, who personally welcomed the disembarking passengers, said the event capped...

Boracay Airport continues to operate after typhoon, accommodates Kalibo flights

San Miguel Corporation (SMC) infrastructure unit SMC Infrastructure said its Boracay (Godofredo P. Ramos) Airport in Caticlan, continues to operate despite widespread damage in the Visayas region caused by typhoon Ursula. It has also accommodated more flights, particularly as the Kalibo airport remains closed. “We would like to ask...

Reaping the rewards of sustainable potato farming

It was potato harvest day for the Miarayon Highland Farmers Association and the Bukidnon skies were looking bleak. Though a heavy downpour seemed imminent, the farmers’ spirits were far from being dampened as they filled their crates with potatoes planted in April earlier this year. After all, this harvest...

Puerto Princesa generates P28 billion in investment pledges at Manila forum

PUERTO Princesa is projected to receive some 1.8 million tourist arrivals in 2020, from a targeted 1.5 million this year. This was the fearless forecast by Mayor Lucilo R. Bayron, attributing the expansion of the city’s tourism sector “to the mounting of direct flights to Taiwan, the construction of additional accommodations and...
- Advertisement -

In case you missed it