Mandarin Oriental has signed an agreement to brand and manage 34 luxurious residences in Barcelona, Spain.
Housed in a 20-storey tower with a prime location at the intersection of Passeig de Grcia and Avinguda Diagonal, the Residences by Mandarin Oriental, Barcelona are scheduled for completion in 2020.
Owners will have access to a private, serviced lobby, a club lounge, a variety of meeting and entertaining spaces, fitness facilities and a luxury spa suite. A connecting footbridge will lead to an outdoor recreation deck and swimming pool. The building will also provide high-end dining options and private parking.
The central location of The Residences will provide owners with easy access to the citys leisure, business and cultural attractions and is a short walk to Mandarin Oriental, Barcelona.
Passeig de Grcia is considered the citys most exclusive retail street and is also home to some of Barcelonas celebrated architecture, including two of Gaudis works: Casa Mil and Casa Batll. The street leads directly to the citys famous Old Town and Gothic Quarter, while Avinguda Diagonal is one of the most prestigious avenues in the heart of the citys central business district.
The project is a redevelopment of an existing office building, which is owned by KKH Property Investors: a joint venture partnership between KKH Capital Group and Perella Weinberg Real Estate Fund II LP, advised by Aermont Capital LLP.
Barcelona-based architect OAB, which is the studio of eminent Catalan architect, Carlos Ferrater, has been appointed as lead architect and the interior design is being created by London based MUZA Lab.