FLC Group finalizes two additional projects for Relex Development platform, considers blockchain technology ‘game changer’
FLC Group has finalized two additional projects for the Relex Development platform, indicating that it sees a long-term future with Relex.
FLC Group first established its partnership with Relex Development after attending the Relexation Summit in August in Ho Chi Minh City, Vietnam.
The two new partnerships add not only diversity to the portfolio offerings, but it adds institutional support from one of the biggest developers in Asia. FLC Group is valued at approximately $9 billion USD.
For the first project, please see this post.
Project #2 FLC Premier Park (the majority of the details about this project as reserved for the platform launch, as according to FLC Group’s request on their Investment Memorandum)
Located in a New Urban Area in the west of Hanoi, this development area will span 6.4 hectares. FLC Premier Park will include villas, apartments, and townhouses.
Additional information will be forthcoming.
Project #3 Kim Giang
The final listing is a restoration project, remodeling the apartments (pictured in the first image) to potentially look like those in the second picture above. The project covers approximately 16 hectares in Thanh Xuan district of Hanoi. The expected total investment cost is $800 million USD.
Kim Giang’s reconstruction is slated to include townhouses, villas, apartments, and a shopping mall.
FLC Group is also looking for a project financier or a developer who could provide a strategic facilities/services to advance the project.
The above announcement is the 28th of 30 consecutive days of news brought to you by Relex Development.
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