BLand inks deal with Four Seasons for Japan project

By TMR

Berjaya Land Bhd’s (BLand) wholly-owned subsidiary, Berjaya Okinawa Development Co Ltd, had entered into a hotel management agreement with Four Seasons Hotels and Resorts for the development of the Four Seasons Resort and Private Residences Okinawa on the island of Okinawa, Japan.

The project is expected to take four years to complete with a projected total development cost of US$400 million (RM1.65 billion)  and the gross development value estimated to be about US$1 billion (RM4.11 billion), BLand’s exchange filing yesterday noted.

The Four Seasons Resort and Private Residences Okinawa will comprise about 30 acres of the project development land area, with 120 hotel rooms, 120 residences and 40 villas.