<article>A series of successful acquisitions have helped <a style="color: #000080" href="http://www.flc.vn/" target="_blank">FLC Group</a> enlarge its investment portfolio and become a big name in the Vietnamese real estate market within a year.</article>

A series of successful acquisitions have helped <a style="color: #000080" href="http://www.flc.vn/" target="_blank">FLC Group</a> enlarge its investment portfolio and become a big name in the Vietnamese real estate market within a year.
Last month, FLC announced that it had take over the 41-storey, multi-use development, the Lavender project that has a building complex with four underground levels, offices, trade centres and apartments
Located in the centre of Hanoi’s Ha Dong District, it was re named as the FLC Star Tower, after takeover.
Due to its location, the Lavender or the FLC Star Tower is expected to receive a favourable response in the property market.  &#8220;FLC acquired this project through buying of the Falcon Ha Dong Investment and Trade JSC, the company that owns it,&#8221; affirmed Le Thanh Vinh, a member of FLC&#8217;s management board.
Details of the acquisition have not been disclosed. However, FLC has earlier revealed that it only purchased projects that were priced &#8220;attractively&#8221;.
Earlier last year,  FLC successfully bought the Ion Complex Tower  by acquiring a 99 per cent stake in  Hai Phat Investment. The tower was renamed FLC Complex Tower.
The 99 per cent stake was valued at $9.4 million. The FLC Group revealed that the stake was purchased at 40 per cent of the price that the former owner had been offered by another partner. The complex was initially owned by Vietnam Freight Forwarding Corporation before being transferred to Hai Phat Investment in 2009.
It is located on Pham Hung St., one of the major transportation routes in Hanoi, and is expected  to be ready for sales from January 15.
In August 2013, FLC finalised its purchase of the Alaska Garden City (now known as FLC Garden City) with an initial investment of $167 million .
Through aforementioned M&amp;A deals, FLC has increased its investments by more than $286 million within just over one year. Its&#8217; total investment, across various projects in the country, now stand at $1.3 billion.
&#8220;We are accelerating the completion progress of these projects,&#8221; said chairman of the group, Trinh Van Quyet. &#8220;Now our projects are ready to take advantage of the market recovery.&#8221;
According to the group&#8217;s financial report, it possesses $17.14 million in cash balance, with the charter capital of $150 million and equity of over $180.6 million by September 30, 2014
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FLC buys realty projects for $286m in 2014

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FLC buys realty projects for $286m in 2014

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