Billionaire property developers, the Reuben brothers, have expanded their London property empire by securing a £50m deal for an office block in Piccadilly.
Motcomb Estates, which is owned by David and Simon Reuben, bought the 125-year lease of 105 Piccadilly which is home to a number of asset managers.
The office block was purchased from freeholder Sir Richard Sutton Estates which was advised by agent Colliers International.
The Reuben brothers made their money in Russia in the Nineties where they are credited with restructuring the aluminium industry.
The news comes just weeks after the brothers paid £70m for Mayfair’s oldest car park which has scope for a £500m redevelopment.
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