Reubens Win Approval For Mansion Near London’s Ritz Hotel

Billionaire property investors David and Simon Reuben can develop what’s likely to become the U.K.’s most expensive home after winning approval for a plan to convert a former members-only club near London’s Ritz Hotel.

Aldersgate Investment Management, owned by the Reubens, will be allowed to turn the former In and Out Club at 94 Piccadilly into a single home with about 5,630 square meters (60,600 square feet) of space, Westminster borough council decided at a meeting yesterday. Robert Davis, chairman of the planning-application committee, cast the deciding vote after a 2-2 tie was declared.