David and Simon Reuben
have acquired 100 Pall Mall in St. James’s, London for a sum reported to be around £90m.
The grade II listed building
is a multi tenanted office building, including serviced office space, over
ground, mezzanine and seven upper floors with around 60,000 sq ft of space.
The purchase is one of a number of Reuben Brothers’ buys in St. James’s where they are reported to have invested around £200m over the last year alone. The brothers already own 30-35 and 69-70 Pall Mall and have also invested in a number of properties in nearby Piccadilly.
St. James’s is one of London’s most prestigious real estate areas, famous for its gentlemen’s clubs and company head offices. Most likely the Reubens are taking advantage of current market uncertainty to strengthen their holdings in the area at an unlikely-to-be-repeated price.
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