Revolution Precrafted Inc., a property-development firm led by one of the sons of former US Ambassador Jose EB Antonio, signed an exploratory agreement with Spanish publicly listed real-estate firm Neinor Homes.
The deal enables the latter to industrialize house-building in Spain, the company said on Wednesday.
Revolution Precrafted said the venture will begin with two projects in Navarra and Castellón.
The deal is expected to accelerate the growth of the Spanish property sector, Revolution said. Neinor Homes plans to build 3,500 and 4,000 homes annually by 2020.