The billionaire owners of Chepstow and Doncaster racecourses have pounced on a £300m deal to buy the Burlington Arcade in Mayfair.
Simon and David Reuben, property tycoons whose interests also include data centres and shipping, are understood to have clinched the purchase late on Friday after a previous sale to the Monaco-born billionaire Patrice Pastor fell through.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
