Property moguls David and
Simon Reuben are the frontrunners in a battle to buy the most expensive property
ever sold in the western world, a website claims.
Bisnow says that the Reubens are the highest bidders for the Madrid HQ of Spanish bank Santander having offered €3bn ($3.4bn, £2.7bn) for the complex, and that it believes an attempt by Santander to buy the property itself will now fail leaving the Reubens to finally take ownership.
The property has been at the centre of a complex and long drawn out battle for ownership since the financial crisis of 2008, but the website suggests this is now finally coming to a close.
A sale at €3bn would make Cuidad Santander as it is known the most expensive building ever sold in the west and the second most expensive sale in the world ever, with only the $5.1bn sale of The Centre in Hong Kong last year beating it.
While the property does
come with the benefit of a very attractive (to the landlord) lease, finally
taking ownership of the west’s most expensive building is also likely to be
seen as very much the glittering jewel in the crown of some of the west’s most successful
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