Latest news with #KPF
The Irish Sun
5 days ago
- Business
- The Irish Sun
One of the world's busiest airports reveals plans for new £7billion mega terminal with 50million more passengers
A HUGE new mega terminal is set to transform one of the world's best airports. 6 A new major terminal is to transform Changi Airport Credit: KPF/ Heatherwick Studio/Changi Airport Group 6 Indoor gardens and glass roofs are the main features of Terminal 5 Credit: KPF/ Heatherwick Studio/Changi Airport Group 6 The new terminal will also have public transport links to the city centre Credit: Getty Known for having the world's biggest indoor waterfall as well, the major airport has revealed plans to open a new Terminal 5. Also called It will also allow flights to connect The new terminal will be connected to Terminal 2, and will be the base of Read more on airports Vertical gardens with indoor trees and plant areas will be throughout the terminal, which also has huge glass roofs and walls to let in as much daylight as possible. And a former military runway will become the airport's third runway used by commercial jets, and increased from 1.7miles to 2.5miles. Contactless touchpoints and automated check ins will speed up the process of travelling from landside to gate. The new designs have been created by British-based Heatherwick Studio, behind UK projects such at Coal Drops Yard and BT Tower in London. Most read in News Travel This is alongside American architecture firm KPF, behind Thomas Heatherwick, design director of Heatherwick Studio, said it will be full of "lush greenery and characterful districts that redefine what an airport can be". Inside the 'best airport in the world' following 3-year renovation - with 45ft 'waterfall,' indoor garden & robot bartender Work has already started on the 2,670 acre area, which will nearly double the current airport size. The new runway could open as soon as 2027, ahead of the full opening of the project. The terminal expects to fully open by the mid 2030s, costing around $10billion (£7.3bilion) according to The last new opening at Changi Airport was the entertainment and shopping district 6 The new terminal will welcome another 50million passengers Credit: KPF/ Heatherwick Studio/Changi Airport Group 6 T5 is expected to cost more than £7billion Credit: KPF/ Heatherwick Studio/Changi Airport Group And a It's not the only major airport expansion taking place right now. Dubai is opening the This will replace the current Dubai International Airport - which welcomes 92million passengers - which will close when the new airport is completed. Top 15 busiest airports in the UK Here are the 15 busiest airports in the UK by passenger numbers in 2023 London Heathrow - 79.2 million London Gatwick - 40.9 million Manchester - 28.1 million London Stansted - 28.0 million London Luton - 16.4 million Edinburgh - 14.4 million Birmingham - 11.5 million Bristol - 9.9 million Glasgow - 7.4 million Belfast International - 6.0 million Newcastle - 4.8 million Liverpool - 4.2 million Leeds Bradford - 4.0 million East Midlands - 3.9 million London City - 3.4 million And Here is the 6 The airport terminal will be open by the mid 2030s Credit: KPF/ Heatherwick Studio/Changi Airport Group
The Sun
5 days ago
- Business
- The Sun
One of the world's busiest airports reveals plans for new £7billion mega terminal with 50million more passengers
A HUGE new mega terminal is set to transform one of the world's best airports. Changi Airport, in Singapore, has not only been named the best in recent years, but is also the fourth busiest in the world. 6 6 6 Known for having the world's biggest indoor waterfall as well, the major airport has revealed plans to open a new Terminal 5. Also called T5, the new terminal will welcome another 50million passengers when complete, adding to the current 90million at the airport. It will also allow flights to connect Singapore to 200 cities, up from the current 170 cities. The new terminal will be connected to Terminal 2, and will be the base of Singapore Airlines. Vertical gardens with indoor trees and plant areas will be throughout the terminal, which also has huge glass roofs and walls to let in as much daylight as possible. And a former military runway will become the airport's third runway used by commercial jets, and increased from 1.7miles to 2.5miles. Contactless touchpoints and automated check ins will speed up the process of travelling from landside to gate. The new designs have been created by British-based Heatherwick Studio, behind UK projects such at Coal Drops Yard and BT Tower in London. This is alongside American architecture firm KPF, behind Atlantis The Royal in Dubai and projects in Bermondsey and central London. Thomas Heatherwick, design director of Heatherwick Studio, said it will be full of "lush greenery and characterful districts that redefine what an airport can be". Inside the 'best airport in the world' following 3-year renovation - with 45ft 'waterfall,' indoor garden & robot bartender Work has already started on the 2,670 acre area, which will nearly double the current airport size. The new runway could open as soon as 2027, ahead of the full opening of the project. The terminal expects to fully open by the mid 2030s, costing around $10billion (£7.3bilion) according to Simple Flying. The last new opening at Changi Airport was the entertainment and shopping district the Jewel, back in 2019. 6 6 And a new passport-free system is being rolled out at the airport's immigration, with biometric checks instead. It's not the only major airport expansion taking place right now. Dubai is opening the new Al Maktoum International Airport by 2031, which will handle up to 260million passengers a year. This will replace the current Dubai International Airport - which welcomes 92million passengers - which will close when the new airport is completed. Here are the 15 busiest airports in the UK by passenger numbers in 2023 London Heathrow - 79.2 million London Gatwick - 40.9 million Manchester - 28.1 million London Stansted - 28.0 million London Luton - 16.4 million Edinburgh - 14.4 million Birmingham - 11.5 million Bristol - 9.9 million Glasgow - 7.4 million Belfast International - 6.0 million Newcastle - 4.8 million Liverpool - 4.2 million Leeds Bradford - 4.0 million East Midlands - 3.9 million London City - 3.4 million And Poland's £25billion Warsaw Solidarity Airport wants to take on Heathrow and Dubai as a hub airport, with 65million passengers. Here is the new £1.1billion new airport terminal opening in Casablanca in Morocco. 6
The Star
23-05-2025
- Business
- The Star
FGV to acquire full ownership in eight subsidiaries for RM229.75mil
KUALA LUMPUR: FGV Holdings Bhd will acquire full ownership of eight subsidiaries via share purchases totalling RM229.75 million from Koperasi Permodalan Felda Malaysia Bhd (KPF). In a filing to Bursa Malaysia today, FGV said its units, FGV Palm Industries Sdn Bhd (FGVPI) and Felda Holdings Bhd (FHB), have signed conditional share sale agreements to acquire the remaining stakes in the companies currently jointly owned with KPF. Under the agreements, FGVPI will acquire the remaining interests in three companies - FGV Kernel Products Sdn Bhd (16.67 per cent), FGV Refineries Sdn Bhd (33.33 per cent) and FGV Marketing Services Sdn Bhd (49 per cent) - for RM54.70 million. Meanwhile, FHB will purchase the remaining stakes in five companies - FGV Agri Services Sdn Bhd (23.08 per cent), FGV Transport Services Sdn Bhd (49 per cent), FGV Security Services Sdn Bhd (49 per cent), FGV Prodata Systems Sdn Bhd (20 per cent), and FGV Rubber Industries Sdn Bhd (28.57 per cent) - for RM175.05 million. FGV said the acquisitions will be fully funded through a mix of RM140 million in new borrowings and RM89.7 million from internal funds. "The exercise will allow FGV to streamline operations and gain better control over strategic decision-making and performance management across its subsidiaries,' it said. The group said proposed acquisitions would allow the FGV Group to streamline the company's business operations and facilitate faster decision-making, which better aligns with the group's strategic direction. The proposed acquisitions are expected to be completed by the third quarter of 2025, subject to shareholder and regulatory approvals. Maybank Investment Bank is acting as the principal adviser, while QuantePhi Sdn Bhd has been appointed as the independent adviser to assess the fairness of the deal to minority shareholders. - Bernama
New Straits Times
23-05-2025
- Business
- New Straits Times
FGV to acquire full ownership in eight subsidiaries for RM229.75mil
KUALA LUMPUR: FGV Holdings Bhd will acquire full ownership of eight subsidiaries via share purchases totalling RM229.75 million from Koperasi Permodalan Felda Malaysia Bhd (KPF). In a filing to Bursa Malaysia today, FGV said its units, FGV Palm Industries Sdn Bhd (FGVPI) and Felda Holdings Bhd (FHB), have signed conditional share sale agreements to acquire the remaining stakes in the companies currently jointly owned with KPF. Under the agreements, FGVPI will acquire the remaining interests in three companies - FGV Kernel Products Sdn Bhd (16.67 per cent), FGV Refineries Sdn Bhd (33.33 per cent) and FGV Marketing Services Sdn Bhd (49 per cent) - for RM54.70 million. Meanwhile, FHB will purchase the remaining stakes in five companies - FGV Agri Services Sdn Bhd (23.08 per cent), FGV Transport Services Sdn Bhd (49 per cent), FGV Security Services Sdn Bhd (49 per cent), FGV Prodata Systems Sdn Bhd (20 per cent), and FGV Rubber Industries Sdn Bhd (28.57 per cent) - for RM175.05 million. FGV said the acquisitions will be fully funded through a mix of RM140 million in new borrowings and RM89.7 million from internal funds. "The exercise will allow FGV to streamline operations and gain better control over strategic decision-making and performance management across its subsidiaries," it said. The group said proposed acquisitions would allow the FGV Group to streamline the company's business operations and facilitate faster decision-making, which better aligns with the group's strategic direction. The proposed acquisitions are expected to be completed by the third quarter of 2025, subject to shareholder and regulatory approvals. Maybank Investment Bank is acting as the principal adviser, while QuantePhi Sdn Bhd has been appointed as the independent adviser to assess the fairness of the deal to minority shareholders. -- BERNAMA
Barnama
16-05-2025
- Business
- Barnama
KPF Unveils Investment Asset Rationalisation Plan To Strengthen Its Position
KUALA LUMPUR, May 16 (Bernama) -- Koperasi Permodalan FELDA Malaysia Berhad (KPF) today unveiled its Investment Asset Rationalisation Plan to further strengthen its position as a resilient and credible cooperative institution. KPF chairman Datuk Mohd Banuri Aris said the plan, anchored on three key strategies, aims to ensure the institution remains sustainable and fulfils its commitments to members, while also restoring their confidence. 'The first strategy involves the sale of selected plantation assets, which is expected to be completed by the fourth quarter of 2025. Second is the disposal of properties that do not generate sustainable returns, and third is the restructuring of equity holdings in associate companies. 'These measures are not only intended to regenerate cash flow, but also to pave the way for a more sustainable and competitive business model in the long term,' he told a press conference today. Mohd Banuri said that despite facing high demand for share withdrawals, having received 29,159 applications worth RM691.58 million from 2022 until April this year, KPF remains committed to fulfilling its obligations to members. He added that 18,783 applications worth RM319.44 million have been processed and paid, while the remaining 10,376 applications valued at RM372 million will be fulfilled in phases. 'Withdrawals are paid in stages using a rotation system. Priority is given to applications involving critical needs such as haj, umrah, medical treatment, education, legal cases, and other urgent situations carefully evaluated by the board,' he said. He also expressed appreciation to FELDA and its chairman, Datuk Seri Ahmad Shabery Cheek, for their trust and cooperation, including KPF's appointment as the sole agent for the purchase of Fresh Fruit Bunches and management of Palm Collection Centres across all FELDA schemes. Mohd Banuri said KPF has maintained stable financial performance without recording losses since its establishment in 1980, a testament to its sound management and economic foundation.
