Billionaires Hunt Real Estate Bargains, Boost Equity Allocations
- Wealthy investors exhibit appetite for residential properties
- More than a third of family offices plan to buy more stocks
Photographer: David M. Benett/Getty Images
This article is for subscribers only.
David and Simon Reuben aren’t letting the pandemic curb their real estate ambitions.
Since the crisis began, the British billionaire brothers have made a push into Madrid’s residential market, bought almost 90 hectares (222 acres) of land in Spain’s Balearic Islands and acquired Manhattan retail property near Rockefeller Center from SL Green Realty Corp. for about $170 million.