KUALA LUMPUR (Jan 19): Singapore-listed Oxley Holdings Ltd has teamed up with the property developer Pavilion Group for the development of Oxley Towers in the KLCC area of Kuala Lumpur.

Situated close to the Suria KLCC shopping mall and Maxis Tower, Oxley Towers is a freehold property covering a land area of 12,554 sq metres, said Oxley Holdings in a statement today.

The project, with a gross development value of approximately S$1.1 billion, comprises two hotel towers with residences, an office tower and a retail podium linking all the three towers.

Under the partnership between Oxley's wholly-owned Malaysia arm Oxley Rising Sdn Bhd and Pavilion Project Management, the latter will oversee the project management, construction, sales and marketing, and administration of Oxley Towers.

"We are thoroughly excited to work with a top name in Malaysia and we believe that the project is in good hands,” said Oxley Holdings CEO Ching Chiat Kwong. 

“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.

“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,” he added.