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FLC Group promotes its opportunities and potential

Released at: 20:24, 17/01/2015

FLC Group promotes its opportunities and potential

Real estate group holds workshop to introduce existing and future projects.

by Hoang Thu

Some 2,000 people, including representatives from local management agencies, financial institutions, investment funds, and real estate enterprises, together with individual investors and potential homebuyers, attended the “Opportunities and Potential of the FLC Group” workshop on January 15, where the Group introduced its existing and potential growth as well as its real estate projects.

According to Mr. Trinh Van Quyet, CEO of FLC, 2014 marked the transformation of the FLC Group, with it becoming the owner and developer of a number of major real estate projects, including FLC Samson Beach and Golf Resort in Thanh Hoa province and three real estate projects it acquired in Hanoi.

All of these projects are under rapid construction and the Group has committed to finishing them this year, bringing in tens of millions of dollars in revenue and profit to the company. “We wanted to share our good news with our shareholders, investors, partners and potential customers,” Mr. Quyet said in explaining why it held the workshop. Mr. Neil MacGregor, Managing Director of Savills Vietnam, also presented an evaluation of the potential of the real estate market in the time to come and M&A deals and projects developed by FLC recently.

To prepare its financial capacity for developing these projects, FLC successfully raised its charter capital from VND1.543 trillion ($73.5 million) to VND3.15 trillion ($147.6 million), with profit estimated at VND400 billion ($18.7 million) for 2014.

In 2015 the Group expects to launch 4,000 apartments, villas, and townhouses in Hanoi, including the FLC Complex at 36 Pham Hung Street, FLC Garden City in Dai Mo ward in Nam Tu Liem district, and FLC Star Tower in Ha Dong District, as well as the FLC Complex in Thanh Hoa, among others.

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