The investment group is partnering with a Hong Kong-based family office on this project
Ltd () has completed the US$2mln second stage of a joint investment in a luxury ski resort development in Japan.
In the second part of a deal agreed last month, Adamas and a Hong Kong-based family office have each handed over another US$1mln tranche to developer Infinity Capital.
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Infinity is developing premium residential projects in the Hirafu Village ski resort in Niseko, on Japan’s Hokkaido island.
Adamas agreed to go halves on this investment, which will see it and the family office each getting 50% of the economic benefit and obligations related to the loan facility, in order to free up capital for other opportunities in its pipeline of Asian small and medium-sized businesses.
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