KUALA LUMPUR: Oakwood Premier is set to occupy one of the residential towers within the Merdeka 118 development, involving 348 serviced residences.
Permodalan Nasional Bhd's (PNB) subsidiary PNB Merdeka Ventures Sdn Bhd has today signed a management agreement with Oakwood Premier Kuala Lumpur to offer premium hospitality serviced residences at the tower.
Stands adjacent to Stadium Merdeka - Malaysia's historically significant landmark - the Merdeka 118 tower is poised to become the world's second and Southeast Asia's tallest building at a height of at least 644 metres upon completion.
With spacious living spaces of up to 120 square metres in size, Oakwood Premier KL would provide comfort and security for both business and leisure residents.
PNB president and group chief executive Ahmad Zulqarnain Onn said Oakwood Premier is a leader in premium residential services and with this comes its signature hallmark of comfort and convenience.
"PNB is confident that the Oakwood Premier brand would enhance the appeal of the Merdeka 118 development," he said in a statement today.
Ahmad Zulqarnain said Oakwood Premier KL will complement Merdeka 118's mix of components, creating a desirable place to work, live and socialise in with fully activated, well thought out spaces for its visiting guests and resident community.
"We are delighted to welcome this celebrated brand of premium serviced residences to the Merdeka 118 precinct family," he added.
Scheduled to open in December 2024, Oakwood Premier KL will be the brand's second property in the city, following Oakwood Hotel and Residence Kuala Lumpur.
It joins a rapidly expanding portfolio of Oakwood Premier properties in Bangalore, Guangzhou, Hangzhou, Incheon, Jakarta, Melbourne, Phnom Penh, Singapore, Seoul and Tokyo with more in the pipeline.
Oakwood chief executive officer Dean Schreiber said Oakwood Premier will deliver its distinctive brand of residential lifestyle for discerning guests who seek indulgence and style without compromising on hospitality excellence in Kuala Lumpur's most prestigious new development.
"Our inaugural partnership with PNB sets a new benchmark at the pinnacle of comfortable living for guests in Malaysia's capital," he said.
In line with Oakwood's renowned concept combining thoughtful amenities and guest services, Oakwood Premier KL will offer peace of mind in a personal sanctuary.
Proposed facilities include an all-day dining restaurant/bar, executive club lounge, residents' lounge, meeting facilities, fitness centre, swimming pool and children's playroom.
The Merdeka 118 development will breathe new life into downtown Kuala Lumpur and become a thriving core of commerce, culture and heritage.
With the highest observation deck in Southeast Asia, the first Park Hyatt Hotel in Malaysia occupying the top 17 floors of the tower, a retail mall surrounded by four acres of greenery and open spaces, as well as three premium residential towers encircling the Merdeka 118 tower.
This mixed-use development is expected to attract business and leisure travellers from around the world.
The Merdeka 118 tower overlooks two national historical landmarks – Stadium Merdeka and Stadium Negara.
The Merdeka 118 tower will also be the first tower in Malaysia to achieve both local and international triple green platinum accreditations, namely the Green Building Index (GBI), Green Real Estate (GreenRE) and Leadership in Energy and Environmental Design.