Reubens make £70m Golden Cross House buy

The Reuben brothers have acquired Golden Cross House on London’s Strand, from The Crown Estate for around £70m.

The pair have bought a new 125-year head lease on the building which totals around 66,500 sq ft and comprises a mix of retail, leisure and office uses. The building is let to tenants including MWB Business Exchange, HSBC, Pizza Express, Co-Operative Group Food and Tortilla. It is let off low passing rents and offers significant future rental growth prospects with the potential to add further accommodation. The Reuben brothers were represented by Corbett Northam and The Crown Estate by Colliers International.