Conglomerate Fraser and Neave says its Frasers Hospitality unit has established a significant presence in Malaysia, with the grand opening of its maiden property, Fraser Place Kuala Lumpur yesterday.

The project is the first of two serviced residences to open in the heart of the city.

Fraser Place Kuala Lumpur is located in the prestigious ‘Golden Triangle’ and within walking distance of the iconic Petronas Towers.

It occupies floors 9 to 30 of an integrated retail and office complex, and is surrounded by world-class shopping malls and vibrant nightclubs.

A second property, Fraser Residence Kuala Lumpur, is currently under construction on the vacant land facing both Jalan Ampang and Jalan Sultan Ismail.

It is scheduled for completion in 2012.

Both Fraser Place Kuala Lumpur and Fraser Residence Kuala Lumpur are collaborations between Frasers Hospitality and Malaysia’s YNH Property.

Frasers Hospitality is a wholly owned subsidiary of Singapore-based property group Frasers Centrepoint.

Source : Channel NewsAsia – 25 Jun 2010