Property Week – 25th July 2018
Reuben Brothers has continued its spending spree in London with the purchase of Glen House, in South Kensington
The freehold building on 125-133 Old Brompton Road is home to a Ferrari showroom on the ground floor and has planning consent for offices and luxury apartments over five upper floors. The company has also bought 1 and 3 Eagle Place, which are located directly behind Glen House and provide two private mews residences.
The deal is the latest in a string of acquisitions this year by Reuben Brothers which started in January with the acquisition of 69-70 Pall Mall, in the heart of London’s West End. The building comprises a banking hall let to HSBC and five floors of offices that was formally HSBC’s headquarter office building. The 15,155 sq ft vacant offices will now undergo a substantial refurbishment led by Motcomb Estates.
In March Reuben Brothers bought 10 Shepherd Market in Mayfair – home to Kitty Fishers bar and dining room – and later purchased 4, 6 and 8 Shepherd Market. Also in March it acquired Amberley Wharf in Little Venice, which comprises seven blocks of flats let on a long lease to Westminster City Council. Its most notable acquisition this year was the £300m purchase of the grade II-listed Burlington Arcade on Piccadilly in May.