Sunday Times – 24th December 2018
The billionaire brothers David and Simon Reuben have spent £132m on a trophy building on Piccadilly, capping £1bn of London property deals this year.
The Reubens, who have banked about £4.5bn from selling three-quarters of their Global Switch data centres empire to various Chinese investors, have been on a buying spree, purchasing the Curtain hotel in Shoreditch, the Burlington Arcade in Mayfair and other properties in Kensington. They are said to be undaunted by Brexit, even with no deal, when it comes to the best sites.
Their latest acquisition is a block facing Piccadilly and Jermyn Street, headquarters of the private equity firm Apax Partners. The Reubens bought 200 Piccadilly from fund manager Standard Life after a previous deal with the Crown Estate fell through.