Lloyd’s Capital has signed a contract on August 30 to acquire 100% of the shares of SPV of the Kyosei Bank Group’s Gateway Narita Project.
The Gateway Narita Project, which is being developed around Narita International Airport, involves a mixed-use development on approximately 456,000 square meters of land that includes landmarks such as the spherical arena Dezidome, Narita Area’s largest digital hotel, a food export industry hub, hospitality facilities, cutting-edge data centers, and an AI system development research institute.
The project’s master plan and basic design are expected to be completed by December, with the final blueprints necessary for building permits to be finished and submitted by the end of the third quarter of 2025. Construction is slated to begin in the fourth quarter of 2025, aiming for partial opening in March 2027.
According to the announcement, Lloyd’s Capital estimates the project’s valuation at about 10 billion US dollars. Further detailed information will be announced once due diligence progress and necessary approvals are obtained.
Lloyd’s Capital is an investment firm founded by Charid Arab. It operates from Washington and Dubai to the Middle East and across Asia. Its leadership and advisory team include former US Secretary of State Michael Pompeo, among other high-profile figures from the US and Turkey. Although not named, the team also includes the ‘chairman of Japan’s largest national bank.’
The Gateway Narita Project has faced challenges, including business suspension orders for Kyosei Bank Group’s Everybody’s Landlord sales and Urban Comprehensive Research & Investment Fund. However, developments towards sales and project development have continued, including a listing on the London Stock Exchange via SPAC in August.
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