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.
(From left to right) Mr. Dean Schreiber, Managing Director, Oakwood Asia Pacific, and Mr. Thio Gim Hock, CEO and Group Managing Director, OUE Limited, signing the management agreement papers which marked the start of a strategic partnership between OUE Limited and Oakwood Asia Pacific for the upcoming Oakwood Premier OUE Singapore.
(From left to right) Mr. Paul Stocker, Vice President, Sales, Marketing & Revenue Management, Oakwood Asia Pacific; Mr. Dean Schreiber, Managing Director, Oakwood Asia Pacific, Mr. Thio Gim Hock, CEO and Group Managing Director, OUE Limited, and Mr. Bernard Lim, Senior Vice President, Finance, OUE Limited speaking at the official signing ceremony for Oakwood Premier OUE Singapore.
“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.
Oakwood Premier OUE Singapore
Location: Oakwood Premier OUE Singapore is located in the heart of Singapore’s vibrant Commercial District, between Raffles Place and Tanjong Pagar. An integrated mixed-use development set to debut in 2017, OUE Downtown promises to create a new centre of gravity in Singapore with its fusion of residential, retail and leisure experiences designed for the 21st century.
With a total of 268 units, Oakwood Premier OUE Singapore will consist of 82 studio apartments, 139 1- and 47 2-bedroom apartments. All units will be furnished with a fully equipped kitchen. The 1- and 2-bedroom units will be fitted out with a washer and dryer.
Accommodation Categories and Size:
– Studio Apartment: 28 – 32 sq meter
– 1-Bedroom Apartment: 30 – 58 sq meter
– 2-Bedroom Apartment: 70 – 98 sq meter
Facilities includes fitness centre, swimming pool, residents lounge, lobby bar, restaurant, outdoor barbecue, executive lounge, executive board room and carpark.
Services such as 24-hour front desk, Wi-Fi, daily housekeeping service, complimentary self-service launderette, airport transfers and concierge are available.
Net lettable area of 145,000 sq ft.
Focus on three main pillars such as lifestyle, wellness and technology set to open in the first quarter of 2017.
Some of the confirmed tenants are a farmer’s market by The Providore, dance centre Wings To Wings, pilates studio Upside Motion and boutique fitness studio GuavasLabs.
OUE Downtown Exterior
Lobby & Reception
Pool, Executive Lounge& Gym
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About OUE Limited
OUE Limited (SGX-ST: OUE) is a diversified real estate owner, developer and operator with a real estate portfolio located in prime locations in Asia and United States. OUE consistently grows its business by leveraging its brands and proven expertise in developing and managing landmark assets across the commercial, hospitality, retail and residential sectors, primarily in Singapore. With its core strategy of investing in and enhancing a stable of distinctive properties, OUE is committed to developing a portfolio that has a strong recurrent income base, balanced with development profits, to enhance long-term shareholder value. OUE is the sponsor of OUE Hospitality Trust and OUE Commercial Real Estate Investment Trust.
For the latest news from OUE, visit www.oue.com.sg
About Oakwood Asia Pacific Ltd
Oakwood Asia Pacific Ltd operates an award-winning portfolio of 28 Oakwood branded properties in 15 cities across eight countries and territories in Asia, with ongoing developments in strategic locations across the region. The Oakwood brand in Asia offers five product tiers: Oakwood Premier, Oakwood Apartments, Oakwood Residence, Oakwood Studios, and Oakwood Suites, each designed for a different lifestyle. Oakwood Premier caters to travellers who seek luxury and style, combining impressive apartments with amenities and services of a luxury hotel. Oakwood Apartments provides functional accommodation with modern essentials ocated in the heart of the city for independent travellers whilst Oakwood Residence offers spacious and elegant apartments that capture all the comforts of home for relocating families. Catering to global nomads, Oakwood Studios adds a new dimension to urban city stays, offering curated spaces for creators. For jetsetters and senior executives seeking respite, Oakwood Suites offers comfort in a private and exclusive environment, allowing guests to rejuvenate with their every need attended to.
For more information about Oakwood Asia Pacific Ltd and its award-winning properties and locations, please visit OakwoodAsia.com.
About OUE Downtown
Asset enhancement work is well underway to transform OUE Downtown to a mixed-use development. comprising office, serviced residences and a new stunning shopping mall with a 262-metre frontage. OUE Downtown is a landmark development at 6 Shenton Way comprising two tower blocks – OUE Downtown 1 and OUE Downtown 2 –
a podium and multi-storey car park. OUE Downtown 1 is a 50-storey building comprising three vertical zones, while OUE Downtown 2 is a 37-storey building. This major transformation to become a mixed-use development is expected to inject vibrancy into the financial corridor between Raffles Place and Tanjong Pagar and bring a new sense of belonging to an established urban community. As part of OUE’s efforts to maximise the property’s strategic location and to leverage on URA’s long-term plans to develop Tanjong Pagar into an enviable work-play-live environment, the low to mid-zones of OUE Downtown 1 is being converted into serviced residences with fullfledged facilities. These will include indoor and outdoor dining areas, a swimming pool, a fitness centre and other recreational facilities. The existing podium is currently being converted into a retail mall named Downtown Gallery, while the high zone of OUE Downtown 1 and the entire OUE Downtown 2 will remain as premium office space. Asset enhancement and conversion works are expected to complete in late 2016.