6 January 2016 – The Telegraph
The Brothers, estimated to be worth £7.2 billion, have been picking up properties around Piccadilly.
David and Simon Reuben, who Bloomberg estimates to be worth £7.2 billion, have expanded their huge property empire with the purchase of 105 Piccadilly. The billionaire brothers, who own Motcomb Estates, paid £50 million to buy a 125-year lease for the office block.
This is the latest in a spending spree across the West End: most recently the brothers purchased a car park in Mayfair for £70 million. They also bought Cambridge House at 94 Piccadilly in 2011, a Grade I listed mansion that they planned to restore to its former glory.
The Reubens came to the UK from India in the 1950s with very little money. David went into scrap metals, and Simon worked in carpets. He would later buy England’s oldest carpet company. It was from here that the brothers started investing in property, and later metals.
They gained their wealth in the 1990s in Russia, where they invested in metals and bought up the privatised aluminium industry. At one point their company Trans-World controlled 5 pc of the world’s aluminium output. The brothers left Russia in 2000, and began to invest heavily in UK property: they own, among many others, the Millbank tower, and prime Sloane Street shops. The brothers also have business interests in private equity and venture capital.