By NST Property/ Sharen Kaur - November 1, 2023
sharen@nst.com.my
KUALA LUMPUR: The Four Seasons Resort & Private Residences Okinawa (Four Seasons Okinawa) project in Japan is scheduled to open in the second quarter of 2027.
Civil works have been completed, and the main construction is expected to take 40 months to complete.
The Four Seasons Okinawa will be spread across 14 hectares of pristine beachfront paradise and will feature 279 exquisite accommodations, including 127 resort rooms, 124 high-end condominiums, and 28 exclusive private villas.
On October 28, 2020, a groundbreaking ceremony for the resort property was held at the project site in Onna Village, which was attended by key representatives from Onna Village and Berjaya Okinawa Development Co Ltd.
The Four Seasons Okinawa is a collaboration between Berjaya Land (BLand) Bhd and Four Seasons Hotels and Resorts (Four Seasons).
Seikou Okinawa Construction KK, a wholly owned subsidiary of Berjaya Construction Bhd, will be the project's main contractor, working with Japanese subcontractors.
To fund the development of the Four Seasons Okinawa, BLand has signed an agreement for a syndicated loan of US$330 million (RM1.57 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.
Tan Sri Vincent Tan Chee Yioun, founder and adviser of Berjaya Corporation Bhd, believes that this collaboration will set a new standard of excellence in Okinawa's hospitality and real estate sectors.
"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," he said.
The Four Seasons Okinawa will be Berjaya's second hotel on the island.
Berjaya opened ANSA Resort Okinawa in November 2019, located in Uruma, Okinawa's third-largest city.
BLand group chief executive officer Syed Ali Shahul Hameed said in a statement that the support of Tokyo Star Bank and all other bankers will bring an iconic project to fruition, marking yet another successful collaboration between the company 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.
Source: https://www.nst.com.my/property/2023/11/973768/berjaya-groups-us112bil-four-seasons-okinawa-set-open-2027
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