KUALA LUMPUR (Nov 17): Berjaya Construction Bhd, the construction arm of Berjaya Land Bhd (BLand), has secured a US$50 million (RM234.2 million) construction loan from Export-Import Bank of Malaysia Bhd (Exim Bank) for the construction of the Four Seasons Resort and Private Residences Okinawa (Four Seasons Okinawa) in Japan.
Leading the signing was Seikou Okinawa Construction KK, a wholly-owned subsidiary of Berjaya Construction, acting as the primary contractor in collaboration with Japanese subcontractors.
“This venture is more than just building a luxury destination; it’s about contributing to the growth of our nation’s businesses. We are committed to showcasing Malaysia’s expertise in the global market and creating a world-class destination that reflects the best of Malaysia,” said Berjaya Corp Bhd founder and adviser Tan Sri Vincent Tan in a statement on Friday.
Spanning 32 acres, Four Seasons Okinawa has an estimated gross development value of US$1.12 billion. It features 279 exquisite accommodations comprising 127 resort rooms, 124 high-end condominiums and 28 private villas.
“Civil works have been completed and the main construction is expected to be completed in 40 months. A three-month hotel pre-opening phase will follow completion, with the grand opening targeted for the second quarter of 2027,” said Berjaya Construction.
BLand shares closed unchanged at 27 sen on Friday, giving it a market capitalisation of RM1.35 billion.
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Source: EdgeProp.my
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