Latest news with #BerjayaLand
New Straits Times
14 hours ago
- Business
- New Straits Times
Berjaya Land enters Greenland with RM170mil apartment project
KUALA LUMPUR: Berjaya Land Bhd, a subsidiary of Berjaya Corporation, is making its first foray into Greenland with an apartment project in Nuuk, marking the group's expansion into the Arctic region. This strategic move aligns with Berjaya's long-term vision of global diversification and builds on its 2019 acquisition of a 75 per cent stake in Icelandair Hotels ehf for RM223.1 million, strengthening the group's presence in the North Atlantic tourism corridor. Through close engagement with the Municipality of Nuuk, Berjaya Land identified a pressing housing shortage in the city. In response, its wholly owned subsidiary, Berjaya Greenland Invest A/S, secured land parcels to develop high-quality residential apartments tailored to Greenland's climate and infrastructure requirements. In a major step forward, Berjaya Land today signed a Memorandum of Understanding (MoU) with SIBS Sdn Bhd (SIBS), a Sweden-based modular construction company with a manufacturing facility in Penang. The partnership will leverage SIBS' advanced modular housing systems to deliver climate-resilient homes more efficiently and cost-effectively. "We are excited to move forward with this collaboration, which marks a key milestone in our efforts to deliver modern, practical housing solutions that meet real community needs," said Syed Ali Shahul Hameed, group chief executive officer (CEO) of Berjaya Land. He said the first phase of the development will feature 66 apartment units housed in two- to four-storey blocks, with a projected gross development value (GDV) of RM170 million. Syed Ali said that this project reflects Berjaya Land's broader vision of creating high-quality developments that are efficient, adaptable, and built with a long-term impact in mind. "Modular construction offers a smart and timely approach, allowing us to deliver faster and cost-effective homes while supporting local capacity-building. Our focus remains on developing spaces that not only serve today's needs but also lay the groundwork for resilient, connected communities in the years ahead." The housing initiative is currently in the planning and design phase, with launch targeted later this year. Beyond improving housing access, the project is expected to generate meaningful economic benefits, including job creation, local contractor involvement and long-term urban growth, Syed Ali said. He revealed that Berjaya Land is actively collaborating with the Municipality of Nuuk to explore the next phase of development, which may include a hotel and hotel residences to support Greenland's expanding tourism industry. With the opening of Nuuk's new international airport in November 2024, the city is set to emerge as a major Arctic destination, said Syed Ali. He added that Berjaya Land's planned hospitality investment aims to meet this anticipated demand while upholding strong principles of cultural sensitivity and environmental sustainability.
The Star
14 hours ago
- Business
- The Star
Berjaya Land inks plans for residential housing in Greenland
KUALA LUMPUR: Berjaya Land Bhd via its wholly-owned subsidiary Berjaya Greenland Invest A/S has inked a collaboration with SIBS Sdn Bhd to deliver modular housing in Greenland. SIBS, a Sweden-based company with a manufacturing facility in Penang, is a global leader in modular housing systems. According to Berjaya Land's statement, the partnership aims to deliver efficient, climate-resilient homes through modular construction, which is a modern approach that enables faster deployment, cost-savings and long-lasting quality. It said the housing initiative is in the planning and design phase, with the launch expected soon. Meanwhile, Berjaya Land is also working closely with the Municipality of Nuuk to explore the next phase of development, which includes but is not limited to a hotel and hotel residences to support Greenland's growing tourism sector. "This project reflects Berjaya Land's broader vision of creating high-quality developments that are eficient, adaptable and built with long-term impact in mind. "Modular construction offers a smart and timely approach, allowing us to deliver faster and cost-effective homes while supporting local capacity-building," said Berjaya Land group CEO Syed Ali Ahahul Hameed.
The Sun
27-05-2025
- Business
- The Sun
Berjaya Land premium aviation arm Asia Jet's fleet gets Bombardier Global 6500 boost
PETALING JAYA: In a strategic move that redefines the standards of private aviation in the region, Berjaya Land Bhd has unveiled the latest jewel in premium aviation subsidiary Asia Jet's fleet – the ultra-long-range Bombardier Global 6500. This strategic acquisition marks a powerful leap forward for Asia Jet, opening a new frontier in luxury, connectivity and bespoke air travel. The Bombardier Global 6500 is not just an aircraft – it is a flying statement of power, prestige and possibility. Purpose-built for elite travellers, global leaders and discerning clientele, it embodies the perfect synergy between cutting-edge aerospace innovation and Berjaya Land's hallmark world-class hospitality. In a historic achievement, Asia Jet becomes the first operator in Malaysia to register and operate the Bombardier Global 6500 under a Malaysian Air Operator Certificate, a testament to its leadership in advancing premium private aviation across Southeast Asia. The Bombardier Global 6500 delivers an unrivalled combination of range, speed, space, and technology. With a range of 6,600 nautical miles and a cruising speed ofF Mach 0.90, the aircraft is engineered to fly non-stop from Kuala Lumpur to destinations such as Tokyo, London, Egypt and even as far as Iceland. Inside, its cabin offers 15 seats in an elite configuration, delivering a bespoke and immersive inflight experience that includes: ► Three spacious living areas including a private suite with an adjoining en-suite offering unrestricted access to the luggage bay. ► Convertible full lie-flat beds for deep rest and overnight travel. ► Five-star dining, curated by onboard culinary specialists. ► Fastest in-flight Wi-Fi in its class for seamless global connectivity. ► Advanced air purification system for superior inflight wellness. ► Next-generation wing and engine design for reduced vibration and ultra-smooth ride. ► Enhanced cockpit technology designed to maximize operational safety and flight precision One of the Global 6500's most significant attributes is its focus on fuel efficiency and environmental performance, which aligns with Berjaya Land's commitment to sustainable business practices. The aircraft features a highly optimised aerodynamic design, lightweight composite materials and next-generation engines that deliver a notably reduced carbon footprint compared to conventional long range jets. This efficiency translates to lower emissions per passenger and enhanced operational sustainability without compromising luxury or performance. This commitment to sustainability extends beyond air travel, as the Global 6500 also plays a role in enabling eco-conscious tourism experiences across Berjaya's hotel destinations, connecting the skies with the land through purpose-driven luxury. Thanks to the Global 6500's exceptional range, Asia Jet can now offer direct, ultra-luxurious journeys from Malaysia to Iceland, one of Berjaya Land's most distinctive international hospitality markets. Berjaya's properties in Iceland offer exclusive access to the country's majestic natural landscapes, geothermal wonders, and Nordic hospitality – now seamlessly accessible through Asia Jet's new ultra-long-range service. Asia Jet's strengthened fleet enhances Berjaya Land's position as a leading premium lifestyle group, connecting its aviation capabilities with its award-winning portfolio of luxury resorts, residences and experiences across Asia and Europe. The acquisition supports the group's ability to offer: ► Customised tourism packages for elite clientele. ► Exclusive corporate and diplomatic charters. ► Luxury travel solutions tied to high-profile events and executive movements. ► Integrated lifestyle experiences that begin in the skies and extend into memorable stays. 'This is more than just a new aircraft. It represents Berjaya Land's unwavering commitment to innovation, customer excellence, and sustainable luxury. The Bombardier Global 6500 gives us the ability to connect global markets, elevate premium service standards, and reinforce our identity as an integrated lifestyle brand. It's a game changer not just for Berjaya, but for the future of private aviation in the region' said Berjaya Land group CEO Syed Ali Shahul Hameed.
