MANDARIN ORIENTAL ANNOUNCES NEW LUXURY RESIDENCES IN
MADRID, SPAIN

Hong Kong, 23 May 2023 – Mandarin Oriental, the award-winning luxury hospitality brandreveals the development of its latest residential project in Madrid. Located on the intersectionof Hermosilla Street and Nuñez de Balboa Street, the new Mandarin Oriental Residences,
Madrid will feature 30 exceptional apartments, expected to open in January 2025.
After the recent signing of Mandarin Oriental Punta Negra, Mallorca, this will be the second
project in collaboration with Blasson, a prominent Spanish development company, and the firstwith Pictet Alternative Advisors (PAA), the alternative investment division of Swiss privatebank Pictet.
Mandarin Oriental Residences, Madrid will present a unique opportunity for new constructionin the heart of the desirable Salamanca neighborhood with its luxury retail, bars, restaurants
and leisure facilities. The project will be conceived by Bueso-Inchausti & Rein Arquitectos, ahighly acclaimed architectural firm with interiors by Belen Domecq and her Cosmic Studio.
-more-

Page 2The Residences will span over seven floors and feature two and three-bedroom units, withliving spaces of up to 283 square meters. Each Residence will include a private balcony, whilst
six units will have private pools, offering residents an unrivaled luxury living experience.
Owners at Mandarin Oriental Residences, Madrid will have access to an array of exclusive
amenities, including a residence lounge, a landscaped garden, a beauty salon, a fitness centre
and a secure underground garage. For those seeking to unwind from city life, the Residences
will feature an outdoor heated pool, spa treatment rooms, an indoor lap pool and changing
facilities.
“We are delighted to introduce Mandarin Oriental Residences, Madrid which will set a new
standard for elevated living in one of Europe’s most exciting destinations,” said James Riley,Group CEO of Mandarin Oriental Hotel Group. “These exceptional homes will redefine luxury
living, with access to our brand’s legendary amenities and services.”“We are very pleased to partner with Pictet and Mandarin Oriental on this unique project inMadrid. It is a thrilling opportunity which will bring the Group’s legendary Residences,amenities and services to a one-of-a-kind building in the heart of Madrid’s exclusive Barrio deSalamanca,” said Antonio Pan de Soraluce of Blasson Property Investments.
“We are excited about the prospect to deliver, together with our partners of Blasson andMandarin Oriental, what will be one of the most iconic residential projects in Spain,
contributing to the transformation of the already very dynamic and vibrant city of Madrid while
generating added value for our investors,” said Pablo Granell, Head of Real Estate with Pictetfor Spain and Portugal.
For more information, please visit www.mo-residencesmadrid.com.

-more-Page 3About Blasson Property Investments
Blasson is a property investment firm with presence in Spain and Portugal. We believe inuniqueness, quality and a job well done. Thanks to our years of experience in the property
investment sector, we develop high-quality assets, working closely with our investors, partners,institutions, and the most exclusive international hotel operators.
About the Pictet Group
The Pictet Group is a partnership of eight owner-managers, with principles of succession andtransmission of ownership that have remained unchanged since foundation in 1805. It offers
only wealth management, asset management, alternative investment solutions and related assetservices. The Group does not engage in investment banking, nor does it extend commercialloans. With CHF 608 (USD 657, EUR 616, GBP 546) billion in assets under management or
custody at 31 December 2022, Pictet is today one of the leading Europe-based independent
wealth and asset managers for private clients and institutional investors. Headquartered inGeneva, Switzerland, and founded there, Pictet today employs over 5,300 people. It has 30offices worldwide, in Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, HongKong, Lausanne, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau,
New York, Osaka, Paris, Rome, Shanghai, Singapore, Stuttgart, Taipei, Tel Aviv, Tokyo,Turin, Verona and Zurich.
Pictet Group provides alternative investment services in private equity, real estate, hedge funds
and private debt, both directly and through selected external managers. Our mission is to invest
in, manage and advise on alternative investment portfolio for private and institutional clients.
In the alternative space, Pictet Group, employs nearly 200 alternative specialists and manages
USD 49.2 billion, with USD 25.4 billion in private equity, USD 4.6 billion in real estate, USD
18.6 billion in hedge funds and USD 0.5 billion in private debt (as of the end of December2022).
-more-

Page 4
About Mandarin Oriental Hotel Group
Mandarin Oriental Hotel Group is the award-winning owner and operator of some of theworld’s most luxurious hotels, resorts and residences. Having grown from its Asian roots intoa global brand, the Group now operates 36 hotels and nine residences in 24 countries andterritories, with each property reflecting the Group’s oriental heritage, local culture and uniquedesign. Mandarin Oriental has a strong pipeline of hotels and residences under development,
and is a member of the Jardine Matheson Group.
Furtherinformation

isavailable on

ourSocial

Media channels

andwww.mandarinoriental.com, including Media Centre. Alternatively, please contact:
Corporate Office
Chris Orlikowski (corlikowski@mohg.com)
Director of Global Communications

website: