Property moguls David and Simon Reuben seem to be engaged on something of a buying spree in Majorca, having bought up several prime parcels of land there this year.
The Reubens’ latest purchase is a 214 ha plot near Cala Mesquida in the Capdepera municipality in the north east of the island, reports say. The plot includes two villas and a 1.3km sea frontage.
The brothers are said to have bought two further separate seafront plots in January and February this year, in the Manacor and Arta districts, and the latest purchase takes their holding on the island to around 450 ha.
Contrary to its image of being a budget package holiday destination the property market in Majorca is anything but budget: Prime coastal plots on the island rarely come up for sale but are highly sought after, particularly by celebrities for their high end homes. Unless the Reubens are buying on the island to build their own luxury holiday retreats these latest acquisitions are most likely yet another shrewd property investment swoop on their part.