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The Reuben Brothers Buy 250 Hectares Next to the San Juan Reservoir to Build 650 Homes

The former owners of Santander's Ciudad Financiera have acquired 250 hectares in the Madrilenian municipality of San Martín de Iglesias to build homes and a hotel.

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The San Juan reservoir in Madrid.

The Reuben brothers, one of the wealthiest families in the United Kingdom, have acquired 650 hectares of land next to the San Juan reservoir, in the Madrilenian town of San Martín de Iglesias. On those plots, the Reubens plan to build a complex comprising 650 homes plus a hotel spanning 7,350 square metres.

Situated in the area known as Canto Redondo, the acquired land is located in an area that is already home to several luxury housing estates, which serve as refuges for wealthy families living in Madrid. Specifically, the land borders two and a half kilometres of the coast of the San Juan Reservoir, the only navigable motor and sailing reservoir in the Community of Madrid. It is also home to the Virgen de la Nueva freshwater beach, the first in the region to be awarded a blue flag.

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