PNB Merdeka Ventures Sdn Bhd, a wholly-owned subsidiary of Permodalan Nasional Berhad (PNB), today announced the signing of a management agreement with Oakwood Premier Kuala Lumpur, to welcome an Oakwood Premier-branded residential tower to Kuala Lumpur’s iconic Merdeka 118 precinct.
The Merdeka 118 tower stands adjacent to Stadium Merdeka, Malaysia’s historically significant landmark. The 118-storey tower is set to become the world’s second and Southeast Asia’s tallest building at a height of at least 644 metres upon completion.
Oakwood Premier Kuala Lumpur will occupy one of the residential towers within the Merdeka 118 development featuring 348 serviced residences with one, two, and three-bedroom categories. With spacious living spaces of up to 120 square metres in size, Oakwood Premier Kuala Lumpur will be able to provide comfort and security for both business and leisure residents.
Scheduled to open in December 2024, Oakwood Premier Kuala Lumpur will be the brand’s second property in the city, following Oakwood Hotel & Residence Kuala Lumpur.
In line with Oakwood’s renowned concept combining thoughtful amenities and guest services, Oakwood Premier Kuala Lumpur 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 occupies the top 17 floors of the tower, a retail mall surrounded by 4 acres of greenery and open spaces, as well as three premium residential towers encircling the Merdeka 118 tower, this mixed-use development is anticipated 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 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 (LEED).
