KUALA LUMPUR (Oct 31): Berjaya Land Bhd has secured a syndicated loan of US$330 million (RM1.58 billion) from a consortium of Japanese financial institutions to fund the development of the prestigious Four Seasons Resort & Private Residences in Okinawa, Japan.

In a statement on Tuesday, the group said the consortium is led by Tokyo Star Bank Ltd and co-led by Okinawa Development Finance Corporation (ODFC) and Bank of The Ryukus.

The group added that the loan syndication also involves several major financial institutions, including Bangkok Bank Japan, The Ogaki Kyoritsu Bank and The Aichi Bank, amongst other regional banks.

“Berjaya Land is delighted 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 that will go into the design and construction of the Four Seasons Okinawa, and future property projects in the master plan development, 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,” according to Berjaya Corp Bhd’s founder and advisor Tan Sri Vincent Tan Chee Yioun.

The Four Seasons Okinawa projects has a gross development value of US$1.12 billion (RM5.34 billion) and is slated for a grand opening in the second quarter of 2O27.

Meanwhile, Berjaya Land CEO, Syed Ali Shahul Hameed has expressed his appreciation to Tokyo Star Bank and all the 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.

Shares in Berjaya Land closed 0.5 sen or 1.82% higher at 28 sen, giving it a market capitalisation of RM1.4 billion.