Berjaya Land Berhad signed a facility agreement for a syndicated loan of USD330 million (JPY49.4 billion) with a consortium of Japanese financial institutions led by Tokyo Star Bank, Ltd. and co-led by Okinawa Development Finance Corporation (ODFC) and Bank of The Ryukus.
In a Bursa listing today (Oct 31), it said that the syndicated loan facility will be pivotal in funding the development of the prestigious Four Seasons Resort & Private Residences in Okinawa, Japan (Four Seasons Okinawa).
“The syndication has seen the involvement of several major financial institutions, including Bangkok Bank Japan, The Ogaki Kyoritsu Bank and The Aichi Bank, amongst other regional banks,” it said.
Berjaya said the collaboration is testament of their confidence in the Four Seasons Okinawa project and Berjaya Land’s vision to create a pre-eminent destination resort in Okinawa.
Berjaya Corporation Berhad founder and advisor Tan Sri Datuk Vincent Tan Chee Yioun said Berjaya Land is happy to have been able to secure the syndicated loan to finance the Four Seasons Okinawa project.
“It is testament to the syndicated lenders’ confidence in the project and Berjaya Land’s ability to bring it to fruition. We are confident that this collaboration will establish a new standard of excellence in the hospitality and real estate space in Okinawa.
“Given the considerable effort and investment for Four Seasons Okinawa, and future property projects, I am very confident that this mixed development project in Onna Village will have substantial commercial potential and will add significant value to the economic development and growth of Okinawa,” he said.
Berjaya Land group chief executive officer Syed Ali Shahul Hameed thanks Tokyo Star Bank and all the other financial institutions that have joined hands in bringing this syndicated loan agreement to a successful conclusion.
“Their steadfast support will bring to reality an iconic project, marking yet another successful collaboration between Berjaya Land and Four
Seasons.
“Building on the international success of our ventures like the Four Seasons Hotel and Residences Kyoto, we are committed to further enhancing Okinawa’s global standing as a top-tier tourism destination,” he said.
Spanning 32 acres of beachfront land, the Four Seasons Okinawa promises unparalleled luxury featuring 279 accommodations comprising 127 resort rooms, 124 high-end condominiums and 28 exclusive private villas.
Civil works have been completed and the main construction of the resort is expected to be completed in 40 months. The project has a gross development value (GDV) of USD1.12 billion.
Spearheading the construction of the project will be Seikou Okinawa Construction KK, a wholly-owned subsidiary of Berjaya Construction Berhad as the main contractor, who will work together with other Japanese subcontractors.
A 3-month hotel pre-opening phase will follow completion and the Four Seasons Okinawa is targeting its grand opening in the second quarter of 2027.
