Seven Tides seals $3.2bn deal to build luxury villas

robbie antonio

Robbie Antonio with Abdulla Bin Sulayem Robbie Antonio with Abdulla Bin Sulayem

Dubai-based property developer Seven Tides has signed $3.2 billion agreement with the Philippines’ Revolution Precrafted Tides for building condominium units and hotel villas on one of the artificial islands in The World Islands in Dubai.

A brainchild of the country’s youngest Forbes magazine rich-lister, Robbie Antonio, the Philippines start-up will bring prefabricated structures on one of the artificial islands patterned after the global map, reported The Entrepreneur.

Seven Tides was reported to have bought a cluster of the artificial islands that make up “South America.” The project will be erected on a 2.4-million-sq-m structure named after Coronation Island in Alaska.
 
“We are proud and excited to partner with one of the best property developers not only in Dubai, but in the world. We will manufacture sophisticated, design-driven precrafted condominium apartments and hotel villas, consistent with the kind of luxurious structures the public have come to expect from us and Seven Tides,” Antonio said in a statement.

 Based on the agreement, Revolution Precrafted will manufacture and supply two to three-bedroom prefabricated condominium apartments and hotel villas.

“The luxurious look and feel of the condominium apartments and hotel villas will further elevate the status and image of the World Islands as the playground for the most affluent, and privileged residents from Dubai and beyond,” Seven Tides CEO Abdulla Bin Sulayem said.

 Revolution Precrafted’s deal with Seven Tides is on track with the company’s global expansion plan as it aims to sign projects in at least 20 countries this year. It is the company’s first massive property project abroad as it has previously signed agreements for residential communities based in the Philippines.

 In 2017, it signed a deal with Century Properties, the company chaired by Antonio’s father, Jose E.B. Antonio, to supply more than 15,000 precrafted homes in Batulao Artscapes and Flavorscapes, both of which are located in the province of Batangas in southern Luzon in the Philippines.

 

 

Related Links: About Robbie Antonio , Contact

More Links:   – Inquirer , – Bilyonaryo News , – Philstar , – Business Mirror – Crunchbase – Oxford Business Group –  MillionaireAsia

PH Company In $3.2-B Deal With Dubai Firm

by Miguel R. Camus, Philippine Daily Inquirer

Revolution Precrafted, a homegrown designer and supplier of prefabricated structures, sealed its biggest deal yet: A $3.2-billion project to build upscale homes in one of Dubai’s most iconic locations.

Revolution Precrafted partnered with Dubai-based luxury builder Seven Tides to develop part of “The World,” a collection of 300 artificial islands representing the world’s continents and countries along the coast of Dubai in the Persian Gulf.

Revolution Precrafted, which launched in 2015, is founded and led by CEO Robbie Antonio, whose family owns listed property developer Century Properties Group Inc.

The Dubai project is the company’s latest initiative to gain a bigger global footprint and possibly go public in Singapore or London in a few years.

Revolution Precrafted, which claims a valuation of more than $1 billion today, hopes to be worth around $10 billion by 2020, Antonio told reporters on Monday. It plans to reach 20 countries in the next 12 months, including Myanmar and other key markets in Southeast Asia.

For The World in Dubai, Revolution Precrafted will supply two- to three-bedroom luxury apartments and villas, which will retail for $150,000 to $1.5 million.

The partnership covers a total of nine islands in The World, with the first being the so-called Coronation island, which is about 20 hectares. Antonio noted that they were trying to broaden their market by being more price sensitive. He said they expected home buyers to come from all over the world, mainly Russia and Europe.

Revolution Precrafted earlier rolled out the $1.1-billion Batulao Artscapes and the $345-million Revolution Flavorscapes residential communities, both in the Philippines. Batulao Artscapes consists of 8,520 homes while Flavorscapes will have at least 7,100 prefabricated homes.

 

Philippines-based Firm Signs $3.2bn Dubai World Islands Contract

by Arabian Business

robbie antonio
Seven Tides CEO Abdulla Bin Sulayem and CEO Jose Roberto Antonio Revolution Precrafted CEO pictured at the press conference today.

A Philippines-based developer has signed a $3.2 billion agreement to build luxury apartments and hotel villas in Dubai’s The World Islands.

The partnership with luxury developer Seven Tides will see Revolution Precrafted design, supply, and install two- and three-bedroom luxury condominium apartments and villas. The various structures will be pre-manufactured, shipped and then assembled on The World Islands.

Seven Tides, owner of ten of the islands in the man-made development archipelago, announced plans last year to develop luxury resort on The World islands.

In an interview with Arabian Business, Seven Tides CEO Abdulla Bin Sulayem said he the company had started developing  a luxury resort on one of the South American islands, closest to the Dubai shoreline. He said the planned to develop Maldives-style villas on the island.

The contract with Revolution Precrafted is to develop villas for nine of the islands, according to CEO Jose Roberto Antonio, with the exact number of villas being finalised.

“The total number of units is actually being masterplanned right now, so I can’t really verify or ascertain that as of this moment, but you can expect and approximate that $300-$500m worth of sales, depending on how mid-rise we would do for each one,” Antonio told Bloomberg Philippines. 

“But we’re going to do a combination of unique homes that are decongested for private use, and some mid-rise –three to five storey hotels and hotel residential buildings.”

Antonio said the price point for villas would be about $150,000 to $1.5m, and averaging $500,000.

He said the masterplan would be completed in the next two to three months, with a launched planned for Q3 this this year on an island by island basis.

“We’re going to do each island per phase – we’re not going to launch nine islands at the same time, with nine different concepts, we’re going to do it with one big island and one small island,” he said.

In a statement to media in Asia, Bin Sulayem said, “We decided to partner with Revolution Precrafted because we believe in their vision and capabilities in creating elegant, bespoke but functional prefabricated homes, pavilions and related structures.”

The first island to be developed, measuring 2.2 million square feet, called Coronation Island, will be done in phases.

 

Related Links: About Robbie Antonio, Contact

More Links:   – Inquirer , – Bilyonaryo News , – Philstar , – Business Mirror – Crunchbase – Oxford Business Group – MillionaireAsia

This Philippine Unicorn Is Building Prefab Homes In Dubai’s World Islands

by Property Report

A Philippine startup has won exclusive rights to construct luxury prefabricated homes in The World Islands in the United Arab Emirates.

After month-long negotiations, Revolution Precrafted signed a USD3.2-billion agreement with Dubai-based developer Seven Tides to design, supply, and install condominiums, apartments and villas in the manmade archipelago just off the mainland emirate.  

“We will manufacture sophisticated, design-driven precrafted condominium apartments and hotel villas, consistent with the kind of luxurious structures the public have come to expect from us and Seven Tides,” said Robbie Antonio, founder and CEO of Revolution Precrafted, in a statement released this week.

The two- to three-bedroom homes will be manufactured offsite and assembled in The World Islands.

More: The world’s first rotating skyscraper to rise in Dubai by 2020

Seven Tides will construct a jetty for the project’s seafaring residents and guests. The company will also oversee landscaping and utility connections for the prefab units.

“The luxurious look and feel of the condominium apartments and hotel villas will further elevate the status and image of the World Islands as the playground for the most affluent, and privileged residents from Dubai and beyond,” said Abdulla Bin Sulayem, chief executive officer of Seven Tides.

Revolution Precrafted manufactures prefab dwellings that feature designs from 72 of the world’s most famous artists and design leaders, including six Pritzker-award winning architects. Having raised a series B round led by Singaporean venture capitalist K2 VC late last year, Revolution Precrafted is now valued at over USD1 billion, making it the Philippines’ first and only unicorn. 

Conceived by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, The World Islands are a project of state-run developer Nakheel Properties.

 

Related Links: About Robbie Antonio, Contact

Antonio-led Firm Bags $3.2-billion Dubai Deal

by VG Cabuag, Business Mirror

REVOLUTION Precrafted Properties Philippines Inc., a company led by one of the sons of former Ambassador Jose E.B. Antonio, said it bagged a $3.2-billion deal that will supply Dubai-based luxury property developer Seven Tides Ltd. to manufacture and supply prefabricated condominium apartments and hotel villas.

The precast units will be built on Dubai’s man-made archipelago “The World Islands,” which is composed of some 300 artificial islands designed to resemble the global map. Envisioned to rival the Palm Jumeirah as one of the most prominent landmarks in the United Arab Emirates, the project was spearheaded by government-owned Nakheel Properties and is the brainchild of Sheikh Mohammed Bin Rashid Al Maktoum, the ruler of the Emirate of Dubai.

“We are proud and excited to partner with one of the best property developers not only in Dubai, but in the world. We will manufacture sophisticated, design-driven, precrafted condominium apartments and hotel villas, consistent with the kind of luxurious structures the public have come to expect from us and Seven Tides,” said Jose Roberto R. Antonio, founder and CEO of Revolution Precrafted.

Antonio, who is also managing director of listed firm Century Properties Group Inc., said he is also targeting to list his company “beyond 2020” when the company hits $10 billion in value.

To reach such goal, Antonio said the company has to snag projects in different parts of the world.

“It’s not just entering countries; we’re proliferating there,” he told reporters on Monday. “There could be two, three, four, five projects [in one country].”

Revolution Precrafted is a supplier of prefabricated houses, pavilions and other structures. It has partnered with 72 of the world’s artists and designers.

The agreement between the company and Seven Tides pertains to the design, supply and installation of two-bedroom to three-bedroom luxury condominium apartments and villas to be premanufactured, shipped and assembled on The World Islands.

The deal, worth about P166.512 billion in current exchange rates, was finalized after a monthlong negotiation, according to Antonio.

“We decided to partner with Revolution Precrafted because we believe in their vision and capabilities in creating elegant, bespoke but functional prefabricated homes, pavilions and related structures,” Seven Tides CEO Abdulla Bin Sulayem said.

The Dubai-based company will spearhead the site development and the overall infrastructure of the islands. It will also be handling the construction of the jetty, the landscaping of the islands, and the construction of the provisions for the main utility services.

Based on the agreement between the two companies, the Coronation Island is the first one to be completely developed and populated, and will be done in phases, due to its sheer size. The island, in the southern portion of the project, measures 2.2 million square feet.

Revolution Precrafted will have exclusivity on the design, supply and construction of the condominium apartments and villas on this island.

The Dubai project is part of Revolution Precrafted’s global expansion. The company is setting its sights on at least 20 countries this year.

 

Related Links: About Robbie Antonio , Contact

More Links:   – Inquirer , – Bilyonaryo News , – Philstar , – Business Mirror Crunchbase Oxford Business Group MillionaireAsia