Berjaya Land gets RM1.6bil loan to finance Japanese development

Berjaya Corp Bhd founder Tan Sri Vincent Tan -- BERNAMA

PETALING JAYA: Berjaya Land Bhd (BLand) has secured a syndicated loan of US$330mil (RM1.6bil) with a consortium of Japanese financial institutions, led by Tokyo Star Bank, Ltd and co-led by Okinawa Development Finance Corp and Bank of The Ryukus.

In a filing with Bursa Malaysia, BLand said the syndicated loan facility will be used to fund the development of the Four Seasons Resort & Private Residences in Okinawa, Japan (Four Seasons Okinawa) which has a gross development value of US$1.12bil (RM5.3bil).