Billionaire brothers eye Newcastle city centre development for new hospitality venture

Two billionaire property owners David and Simon Reuben are looking to revitalise the city centre of Newcastle with a host of new hospitality ventures following an acquisition worth almost half a million pounds.

The brothers have submitted plans to convert a historic Grade-II listed building into a collection of venues comprising a hotel, several bars and a restaurant.

The former police station on Pilgrim Street, which was once home to Northumbria Police and Tyne and Wear Fire and Rescue, was sold for around £455,000 to British Virgin Islands based arm of Motcomb Estates, owned by the Reuben Brothers.

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A commercial property agent, GVA, has started to market the site in a bid to attract a hotel chain or independent to take on the running of the hotel site.

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