Oakwood Premier to open first serviced residential tower in Merdeka 118

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KUALA LUMPUR: PNB Merdeka Ventures Sdn Berhad, a completely owned subsidiary of Permodalan Nasional Bhd (PNB), has signed a administration settlement with Oakwood Premier for an Oakwood Premier-branded residential tower in Kuala Lumpur’s Merdeka 118 precinct.

The Oakwood serviced residences will occupy one of many residential towers throughout the Merdeka 118 improvement, that includes one-to-three bed room classes with dwelling areas of as much as 120 sqm in dimension.

The property is scheduled to open in December 2024, making Oakwood Premier Kuala Lumpur the model’s second property within the metropolis after Oakwood Lodge & Residence Kuala Lumpur.

“Oakwood Premier Kuala Lumpur enhances Merdeka 118’s mixture of parts, making a fascinating place to work, stay and socialise in with totally activated, effectively thought out areas for our visiting company and resident group.

“We’re delighted to welcome this celebrated model of premium serviced residences to the Merdeka 118 precinct household,” mentioned PNB president and group chief govt Ahmad Zulqarnain Onn in a press release.

Oakwood CEO Dean Schreiber mentioned the brand new improvement will ship a particular model of residential way of life for discerning company.

““Our inaugural partnership with PNB units a brand new benchmark on the pinnacle of snug dwelling for company in Malaysia’s capital,” he mentioned.



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