Billionaires Reuben Brothers take a slice of Ibiza coast line for €35M


Mallorca Property | Ibiza Property | Galleon Property Search
Mallorca Property | Ibiza Property | Galleon Property Search
The property tycoons David and Simon Reuben have recently acquired nearly 5km of prime beachfront in Ibiza. The 144 hectares comprise 3 principal plots: Cala Bassa, Cala Conta where you will find the trendy Sunset Ashram beach bar and restaurant (video), and Es Penyal. The deal went through a subsidiary of their Aldersgate Investment Company and the vendors are reported to be a local family called Gallart Sans.
This move caused quite a stir on the Island. Although the brothers haven’t made public their plan regarding these plots, some people in Ibiza have already voiced their concern regarding potential development. A petition at has already collected 4,000 signatures. This petition is organised Movement New Earth (sic), who say they represent “the voice of all brothers and sisters who act as protectors of New Earth and all forms of life.”
This acquisition will come at no surprise and reflects the recent growing trend of UK based investors looking for properties and development in Spain with the Balearic Islands at the top of their list.
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