Oxley Holdings’ wholly-owned Malaysia arm, Oxley Rising, has, on Jan 19, entered into a strategic partnership with Pavilion Project Management in the development of Oxley Towers at Kuala Lumpur City Centre.
Pavilion Project Management is a member of the Pavilion Group, one of Malaysia’s leading property developers.
Oxley Centre, which is located right at the heart of Kuala Lumpur, Malaysia, is Oxley’s most ambitious development in the country to-date.
In the partnership, Pavilion will oversee the project management, construction, sales and marketing, and administration of Oxley Towers.
SEE: Oxley Holdings receives $106.4 mil investment by funds managed by Dignari Capital Partners
Oxley Towers is a freehold property covering a land area of about 12,554 sqm. It shares the same skyline as the iconic Petronas Twin Towers, and is also within close proximity to the Maxis Tower and the Kuala Lumpur Convention Centre.
The development comprises two hotel towers with residences, an office tower and a retail podium linking all three towers, and has a gross development value of about $1.1 billion.
"We are thoroughly excited to work with a top name in Malaysia and we believe that the project is in good hands. Being able to form strategic partnerships with strong international partners is both a testament and a driving force to the strength of Oxley's brand and product,” says Ching Chiat Kwong, CEO of Oxley Holdings.
“We have no doubt that Pavilion's expertise and networks will take the Oxley Towers project to the next level of excellence and we look forward to continue expanding both Oxley's and Pavilion's reach together in the Malaysia market,” Ching adds.
Shares in Oxley closed 0.5 cent lower or 2.2% down at 22.5 cents on Jan 19.
