BLand secures loan from a Japanese consortium

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

In a filing with Bursa Malaysia, BLand said the syndicated loan facility would 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.