The City of Yokohama announced that the bidder team under BMD62 which was formed by Berjaya Corporation Berhad ("BCorp") with Marubeni Corporation and Daiwa House Industry Co., Ltd, has been awarded as the prospective developer for the proposed development of a global luxury hotel and hotel condominium, aquarium and retail outlets on a piece of land measuring approximately 22,188.34 square metres located at 3-2, 6-chome Minato Mirai, Nishi District, Yokohama, Japan ("Project"). BCorp as the controlling stakeholder, will enter into a joint venture with Marubeni Corporation and Daiwa House Industry Co. Ltd. for developing the Project.

BCorp has already obtained an exclusivity via a Letter of Intent to bring in global luxury hotel brand, Four Seasons Hotels and Resorts, to manage the hotel. In addition, the restaurants and shops that are to be opened by the waterfront are considered very rare in the City of Yokohama. There are also not many projects in the nearby areas that have a luxury hotel and aquarium as an entertainment facility, and therefore this new Project is expected to bring in excitement and vibrancy to the City of Yokohama.

Construction of the Project is expected to commence in October 2022 and complete in March 2026.