These are the exclusive Mandarin Oriental homes, the most expensive in Spain

Famous athletes, aristocrats and renowned businessmen are bidding for the Mandarin Oriental homes in Barcelona, with average selling prices of 30,000 euros per square metre.
The marketing of the most exclusive and expensive homes in Spain has begun amid great expectation. The wealthiest of this world are bidding for the residences in Barcelona's Deutsche Bank Tower, located at the intersection of Paseo de Gracia and Diagonal, two of the main streets of the city.

Promoted by KKH Property Investors, the 34 luxury homes at 111 Paseo de Gracia will have the Mandarin Oriental seal and some of the most exclusive services of the luxury hotel that operates just a few metres from the building.
Mandarin Oriental, Barcelona
Mandarin Oriental, Barcelona
Flats with one, two and three bedrooms, penthouses with four bedrooms and a duplex on the top floor, with areas from 120 to 580 square metres and panoramic views, make up a residential complex of homes which will cost around 30,000 euros per square metre. These prices are almost double those of the most exclusive homes for sale in Barcelona and are well above, for example, the average price of 14,500 euros per square metre for the Four Seasons homes in Plaza Canalejas in Madrid.

The design of the building, which is 75 metres high and has 20 floors, has been entrusted to the Spanish architect Carlos Ferrater, winner of the national architecture prize, and the London studio Muza Lab, which is in charge of the interiors.
Mandarin Oriental tower in Barcelona
Mandarin Oriental tower in Barcelona

Common areas

KKH Property Investor bought the building five years ago from the Andorran families Reig, Ribas and Cerqueda, and for the last three years - after Cuatrecasas and Deutsche Bank, the previous tenants, left the building - they have been working on its refurbishment. After abandoning the initial idea of converting this place into a luxury hotel, the developers embarked on a complete refurbishment of the building, which has not stopped during the pandemic. Including both the purchase of the dwelling and the subsequent refurbishment, the developers have invested around 170 million.

The Deutsche Bank Tower was L-shaped and consisted of a horizontal module with six floors, which currently houses a flagship store and Seat offices, and a vertical building reserved for housing. The common areas are on the sixth floor of the building and include fitness areas, a spa, a gym, a library, two meeting rooms and a 700 square metre terrace with a rooftop swimming pool and garden with a panoramic view.
Mandarin Oriental tower in Barcelona
Mandarin Oriental tower in Barcelona
One of the attractions of the residences is that they have the exclusive services of Mandarin Oriental. A total of 25 people work here to attend to the needs of the residents with concierge, porter, bellman, cleaning and security services. This is the second apartment complex associated with these services that Mandarin Oriental has in Europe after One Hyde Park in London.

According to Josep-María Farré and Jordi Bono, founder and CEO of KKH Capital, before launching the commercialisation process and in off-market transactions, some items located on the lower floors were sold to investors, with prices starting at 2.3 million euros.

It is now, however, when the bulk of the properties will be sold, especially those located on the upper floors. For the personalised visits, 110 to 120 people have been selected from the more than 1,100 people who have registered on the website over the last two years. The top penthouse, which is a double storey, will not be on the market.

International events

Mandarin Oriental tower in Barcelona
In the coming weeks, some presentations will also take place in various international markets such as London, Moscow, Miami, New York and Middle Eastern capitals with private banks, family offices and specialised agents to demonstrate the project. These events will be added to those already held in Barcelona and Madrid.

The developers expect to complete the works at the beginning of the year, to be able to make the first deliveries in the months of March and April and to have all the properties sold before the summer of 2022.

Premium stamp

This is the second housing project in Europe with the Mandarin Oriental seal of approval after One Hyde Park in Knightsbridge, London. The group has twenty branded residential sites in operation or under construction in New York, Dubai, Honolulu and Bali.

Luxury property in Spain
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