Oakwood Signs Second Property in Singapore

Oakwood has signed a management agreement with OUE Limited for its second property in Singapore.

The Oakwood Premier OUE Singapore will be located at OUE Downtown and is scheduled to open by mid-2017.

OUE Downtown is an integrated mixed-use development that is expected to inject vibrancy to the financial corridor between Raffles Place and Tanjong Pagar. It comprises serviced residences, retail and premium office space.

Oakwood Premier OUE Singapore will feature 268 serviced residences, a swimming pool, fitness centre, daily housekeeping, a concierge and more.

Dean Schreiber, managing director of Oakwood Asia Pacific, said, “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% 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.”

Tasos Kousloglou, JLL Hotels & Hospitality's Executive Vice President, Asset Management, added, “We are delighted to have acted as a strategic advisor for OUE, helping to bring the Oakwood Premier brand to Singapore and further contributing to solidifying Singapore's reputation as the region's premium business and tourist destination."

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