London & Regional Properties Limited (L&R) is a private real estate and leisure investment firm based in London, United Kingdom. It is one of the largest privately held principal investors in Europe,[3] performing private equity style investments in direct property and asset-backed operating businesses.[4]
L&R was founded in 1987 by Richard Livingstone, a chartered surveyor, and his brother Ian, a former optometrist.[5][6] The brothers are billionaires and are described by the Irish Independent as "secretive".[7] The firm has upwards of £9 billion in assets under management.[8] L&R has business interests in the United Kingdom, Europe, and the Americas[9]
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Portfolio
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The company's portfolio includes:[10]
Investments
- Atlas Hotels, a hotel real estate and operating company with 46 limited service hotels across the UK[11]
- David Lloyd Leisure, a gym and health club company with 85 locations across the UK and Europe
- London Hilton on Park Lane
- The Trafalgar St. James London
- The Lensbury[12]
- The Empire, Leicester Square[citation needed]
- General Healthcare Group, the UK's leading independent health provider with 67 hospitals[13]
- Atu's real estate portfolio of 271 assets located in Germany
- Diageo's head office in London WC1
- 55 Baker Street, site of Marks & Spencer's former head office[5]
- 90 care homes, formerly managed by Southern Cross until 2011, to be managed by Orchard Care Homes in the North and Minster in the South-East[citation needed]
- Cliveden, purchased from the collapsed Von Essen Hotels group in February 2012.[6] The Livingstones withdrew from parallel negotiations to buy the Royal Crescent hotel.[14][15]
- Crowne Plaza hotel in Cambridge was bought for more than €45m from the former Sean Quinn Group in August 2012.
- A development of 750 apartments with hotel and leisure facilities at Greenwich Peninsula
- The Panama Pacifico, a US$700 million mini-city on the banks of the Panama Canal[5]
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References
External links
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