OUE Limited Signs Partnership with Oakwood Asia Pacific for New Serviced Residences at OUE Downtown

OUE

SINGAPORE – 7 October, 2016 OUE Limited signed a management agreement with Oakwood Asia Pacific Ltd (“Oakwood”) today, for Oakwood to manage the new Oakwood Premier OUE Singapore at OUE Downtown, strategically located at the heart of the city’s vibrant commercial district.

The management agreement will see Oakwood, which operates an award-winning portfolio of the finest serviced apartments in the world, running the new serviced residences at the upcoming OUE Downtown.

“When it opens in 2017, OUE Downtown will be well-positioned to create a new work-play-live destination in the heart of Singapore’s Downtown offering a range of serviced residences, retail and office amenities in the Central Business District,” said Dr Stephen Riady, Executive Chairman, OUE Limited. “We are pleased to partner with Oakwood to manage the serviced residences at OUE Downtown and bring to life our vision for this exciting new development.”

Designed with a very 21st century aesthetic, Oakwood Premier OUE Singapore blends urban style with nature-inspired elements to create an intimate oasis for international travellers.

A contemporary interpretation of the concept of “a home away from home” is carried through the interiors of the 268 serviced residences, featuring defined lines and volumes that resemble the city along with a sophisticated colour palette.

The serviced residences are curated with a collection of the best in luxury living, style and design to cater to the needs of international travellers. Residents will discover an intimate sanctuary amidst the bustling business district, complete with a range of luxury facilities and services including private dining, a swimming pool, a fitness centre, daily housekeeping, a concierge and more, all managed by Oakwood. Within the complex are retail options for groceries and shopping amongst others, all adding to the lifestyle and experience.

“We are delighted to be opening an Oakwood Premier property in our home location of Singapore, and look forward to establishing this as a flagship product in our portfolio of award-winning serviced apartments,” said Dean Schreiber, managing director of Oakwood Asia Pacific Ltd. “The opening of Oakwood Premier OUE Singapore will be our second property in this great city. This has been an amazing year for Oakwood Asia Pacific. Our accelerated pace of development saw us adding 26 percent to the existing portfolio of Oakwood Asia Pacific in 2016 alone, and we expect to continue on this blistering pace over the next few years.”

Oakwood Premier OUE Singapore is located at OUE Downtown, an integrated mixed-use development that is expected to inject vibrancy to the financial corridor between Raffles Place and Tanjong Pagar, comprising of serviced residences, retail and premium office spaces. OUE Downtown is slated to open in 2017.

JLL Hotels & Hospitality Group acted as an exclusive advisor to OUE in the Operator Selection.

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