Revolution Precrafted, one of the strongest property technology companies in Asia awarded a franchising agreement to Innovation LLC, for the supply of mid-priced residential units in Ecuador, a move that is expected to further boost the company’s reach, as it finally enters the lucrative South and Central American markets.
“This franchise agreement with Innovation LLC is a strategic move for the company. It allows us to tap into huge South and Central American land bank. This supports our goal of extending our reach to at least 20 to 25 markets this year,” Robbie Antonio, Founder and CEO of Revolution Precrafted, said.
He said Ecuador is the 11th international market for the firm.
Under the deal, Revolution Precrafted will supply mid to luxury residential homes and villas to Ecuador, through Innovation LLC, which is finalizing agreements in with large real estate developers in Quito, and surrounding cities. The development deals will be announced in the next few weeks.
Ecuador, located near the equator, is surrounded by Colombia and Peru. It has a population of 16.5 million.
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