• Transaction / Assets
    5 plots in Mallorca
  • Seller
  • Buyer
    The Reuben Brothers
  • € MM

The Reuben Brothers Buy 5 Plots of Land in Mallorca

4 January 2019 – Eje Prime

The Reuben brothers are continuing to invest in Spain. The British billionaire businessmen Simon and David Reuben have purchased five plots of land in Manacor (Mallorca). The price of the operation is not known nor is the identity of the former owner.

The plots are located close to the house and tennis academy of Rafael Nadal and include 1.5 kilometres of beach, a natural lake and several caves, according to Voz Pópuli. The Reuben brothers will be able to build on their new plots, although parts of them are protected.

With this new operation, the Reuben Brothers are increasing their commitment to the Spanish real estate sector. Just a month ago, the group submitted the highest bid to acquire Santander’s Ciudad Financiera in Madrid.

The investment manager also has assets in sectors such as luxury real estate, including the Portosole Sanremo marina in Italy and the British racetrack company Arena Racing Company. The Reuben brothers’ fortune amounts to more than USD 14.2 billion (€12.4 billion), according to Forbes, which places them in 75th position in the ranking of the richest people in the world.

Original story: Eje Prime 

Translation: Carmel Drake