The billionaire Reuben brothers have boosted their London property empire with a swoop for the Japan Centre building, just off Piccadilly Circus, it has emerged.
Real estate moguls David and Simon Reuben paid around £65 million for Clareville House in Panton Street, according to West End property sources who said the deal has just completed.
It is the latest acquisition in a London buying spree by the pair. In April they paid nearly £90 million for 60,620 square feet 100 Pall Mall from a private vendor. The seven-storey block is let to multiple tenants including planning firm DP9.
The building they have just bought has a Japanese food hall and has tenants including live music venue operator Piano Works.
The Reubens — second in The Sunday Times Rich List worth an estimated £18 billion — bought it from DTZ Investors.
The deal was brokered by property agents Tydus Real Estate, Corbett Northam and Fineman Ross.
