The Reuben brothers have paid about $117M for a London office building

Deal shows real estate in central London remains strong despite Brexit, experts say

Apr.April 06, 2019 01:00 PM

Simon Reuben, David Reuben and London (Credit: Wikimedia Commons, iStock)

The Reuben brothers have spent about $117 million to purchase an office building in London, a sign of strength for the market despite the uncertainty and chaos surrounding Brexit, experts say.

David and Simon Reuben purchased 100 Pall Mall in Central London for almost 90 million pounds, according to the United Kingdom’s Evening Standard. The price works out to about $117 million.

The seven-story building spans 60,620 square feet, and its tenants include the planning firm DP9. The purchase is the most recent move for the brothers in the St. James neighborhood. They have spent about $260 million there since late 2017.

Cushman & Wakefield international partner Fergus Keane told the Standard that the purchase showed how strong London’s property market remains even as the United Kingdom prepares to leave the European Union.

“There are still many UK buyers who are not convinced Britain’s departure from the EU will be detrimental to the London property market,” he said. [Evening Standard] – Eddie Small

Related Articles

Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

John Legere (Credit: Getty Images)

WeWork reportedly in talks to hire T-Mobile exec as CEO

(Credit: iStock)

Small Talk: Every community meeting. About every development project. Ever.

An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

From left: 60 Sloane Avenue, Domenico Giani, former head of security of The Vatican, and Vatican City (Credit: Wikipedia and iStock)

Real estate scandal rocks the Vatican

Duke Long and Poshtel International CEO Morten Lund

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

From left: Pavel Fuks, Michael Cohen, Felix Sater, and Donald Trump (Credit: Getty Images and Wikipedia)

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties