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.
