Bombay-born Simon and David Reuben have purchased 450 hectares of land in Manacor with 1.5 kilometers of beach, a natural lake and several caves including the Pirate Cave and the Pont Cave. The land is located close to Rafael Nadal’s house and tennis academy.
Accordng to the mayor of Manacor, a large portion of the land that has been purchased is protected for environmental reasons and the only estate which is prone to development is Can Forteza-Can Fresquet, between s’Estany den Mas and Cala Falcó, an old construction project which would need to have its licences reactivated.
This acquisition demonstrates the Reuben Brothers’ interest in the Spanish real estate sector after having submitted the highest bid to purchase Santander’s global HQ in Madrid, as published by SpanishREIT.com.
Led by the United Kingdom’s second wealthiest family, Reuben Brothers is a leader in private equity, real estate investment and development, and debt financing. Their investments include data centres, racecourses, pub companies, aerodromes, and media. With a background in raw materials, the brothers continue to invest in energy, shipping vessels, metal warehousing and have a growing mining portfolio.
The group’s real estate holdings are significant in scale and broadly diversified, encompassing office, retail, hotel, residential and infrastructure assets across the world. The Reubens’ luxury portfolio includes the Portosole Sanremo marina in Italy and the British racetrack company Arena Racing Company.
The Reuben brothers’ fortune amounts to over €12.4 billion according to Forbes, making them the 75th richest people in the world.