Westminster council has approved the brothers’ Aldersgate Investment Management’s Paul Davis & Partner plans for the historic site, turning it into one of the UK’s most expensive homes. In 2011, the billionaire Reubens bought the Grade 1-listed mansion 94 Piccadilly as part of the Piccadilly Estate; a group of six properties in the heart of Mayfair for £130m. The former home home of the Naval & Military Club was better known as the In & Out club. The plans will see the site at 94 Piccadilly redeveloped as a circa 60,600 sq ft single home that it is thought could sell for in excess of £200m, a UK record. Separate applications to convert 95 Piccadilly into a 1,400 sq m home, and turn 90-93 Piccadilly into six apartments and retail space were also approved by Westminster. 

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