3 November 2021

FBR signs term sheet for up to 5,000 homes in Mexico

FBR has executed a term sheet with GP Vivienda to supply Wall as a Service® (WaaS®) for between 2,000 and 5,000 homes in Mexico using the Company's revolutionary Hadrian X® construction robot.

"We are excited to have a term sheet in place to build our first homes in North America under competitive commercial terms. The volume of work contemplated under the term sheet will give us a great start from which to grow our business in North America, as there will be a strong pipeline of work to complete as soon as we deploy."

- Mike Pivac, Managing Director & Chief Executive Officer

With over 115,000 homes built and delivered, GP Vivienda specialises in developing Master-Planned communities. GP Vivienda is the housing division of Grupo GP, one of Mexico's largest construction and real estate development companies.

Read the full announcement here.

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