HA NOI (Biz Hub) — FLC Group has acquired the 265 Cau Giay project, which is known as the golden land area in the capital. This has been the group's third merger and acquisition (M&A) in the real estate sector, following FLC Garden and Lavender Tower.
Dam Ngoc Bich, FLC's deputy general director, said that the company has been rushing to prepare for the VND2.2 trillion (US$101.8 million) project's construction and offer for sale.
The 1ha project includes construction of a twin tower of 50 floors and another 38 floor tower.
Last year, FLC's total value for M&A in the sector reached VND6 trillion ($277.7 million).