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    HomeTravelHe spent 250,000 euros to renovate a penthouse in Barcelona. This is...

    He spent 250,000 euros to renovate a penthouse in Barcelona. This is what it looks like


    Within five years of moving to Europe, businessman Douglas Loewe “fell in love” with Barcelona, he said.

    He decided to buy a home there, spending about 500,000 euros ($545,000) to purchase an apartment in the city’s famous Eixample neighborhood in 1999, the senior operating partner at Macquarie said.

    But by 2017, Loewe felt the two-bedroom penthouse needed an overhaul.

    The main living area of Loewe’s apartment in Barcelona, called Aribau 133 Sobre Atic.

    Douglas Loewe

    Within a year, he had transformed the “deteriorated” two-bedroom penthouse into a three-bedroom space that is now worth 1.7 million to 2 million euros, Loewe said — more than double the amount he spent to purchase and renovate the property.

    Renovating the apartment

    Inside the apartment

    The apartment features an open plan with a microcement floor and wood along one wall, Loewe said. His favorite feature in the home is a Leon Rosen desk that is his “prized possession.”

    He had purchased the lacquered desk in Manhattan from Rosen’s high-end furniture company The Pace Collection, which sold fine contemporary pieces, according to Incollect magazine. “The Leon Rosen is virtually scratch proof and water repellent … it is both gorgeous and extremely practical at the same time,” he said.

    Loewe also added furniture that was affordable yet comfortable, “so you didn’t feel like every time you sat down on the sofa you were worried about depreciating the assets,” he quipped.

    In searching for his ideal property, Loewe said, he had in mind a safe neighborhood like Eixample and proximity to “excellent amenities” like a farmer’s market, a good-quality gym and restaurants.

    The apartment’s terrace before (top) and after renovation (bottom).

    Douglas Loewe

    Located “around the corner” of the apartment is tapas restaurant Paco Meralgo, which is “a Barcelona institution,” Loewe said.

    The penthouse’s two terraces offer “spectacular 360-degree views,” which include the towering La Sagrada Familia, the hill of Tibidabo and the ocean, he said.

    Purchasing property in Barcelona



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