London & Regional Properties

London & Regional Properties (L&R) is a property company based in London, United Kingdom. It is one of the largest privately held property companies in Europe.^[1]

L&R was founded in 1987 by the brothers Richard Livingstone, a chartered surveyor, and his brother Ian, a former optometrist,^[2][3] who are described by the Irish Independent as "secretive".^[4] The value of their property empire is estimated at more than €5 billion.^[4] L&R has business interests in the United Kingdom, Scandinavia and the Baltic region, Germany, Poland, South Africa, Russia, Ukraine, Switzerland and Central America.^[5]

It manages business, retail and leisure complexes from its offices in London, Stockholm, Moscow, Panama City, St Petersburg, Kiev and Cape Town.^[5]

Portfolio

The company's portfolio includes:^[6]

Investments

• London Hilton on Park Lane
• Trafalgar Hilton
• The Empire, Leicester Square^[7]
• Diageo's head office in London WC1
• 55 Baker Street, site of Marks & Spencers' former head office^[2]
• The sports centre business David Lloyd Leisure, acquired in 2007 from Whitbread^[8]
• 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^[9]
• Cliveden, purchased from the collapsed Von Essen Hotels group in February 2012.^[3][10] The Livingstones withdrew from parallel negotiations to buy the Royal Crescent hotel.^[11][12]
• Crowne Plaza hotel in Cambridge was bought for more than €45m from the former Sean Quinn Group in August 2012.

Current development projects

• A development of 750 apartments with hotel and leisure facilities at Greenwich Peninsula
• A hotel and office development in Novosibirsk, Russia
• The Panama Pacifico, a US $700 million mini-city on the banks of the Panama Canal^[2]

Past developments

• Victoria & Alfred Waterfront, Cape Town, South Africa—sold in 2011^[13]

References

1. London & Regional Properties, official website
2. Rossiter, James (8 February 2007). "UK developer wins $700m Panama contract". The Times. London. Archived from the original on 12 June 2011. Retrieved 15 July 2011.
3. Neate, Rupert (2 September 2011). "Property magnates poised to buy Profumo mansion Cliveden". The Guardian. Retrieved 6 September 2011.
4. Reynolds, John (27 November 2011). "Anglo-backed hotel was sold to ex-Anglo banker". Irish Independent. Retrieved 6 January 2012.
5. London & Regional Properties Ltd, Business Week. Retrieved 15 July 2011.
6. Portfolio, L&R website
7. "Brothers' £2.9 bn empire". The Mail on Sunday. 30 July 2006. Retrieved 2011-09-06.
8. Whitbread sells David Lloyd gyms, BBC News, 4 June 2007. Retrieved 15 July 2011.
9. Southern Cross wins new rent reprieve worth £18m, This is Money, 4 September 2011. Retrieved 13 September 2011.
10. Evening Standard. 2 February 2012. p. 16. The brothers completed the deal on Cliveden last Thursday after months of negotiation and formally announced the purchase this morning Missing or empty |title= (help);
11. Offers made on two-thirds of von Essen hotels, This is Bath, 5 September 2011. Retrieved 6 September 2011.
12. Harmer, Janet (30 January 2012). "Cliveden sale to complete tomorrow as new owners promise to return property's sparkle". Caterer & Hotelkeeper. Archived from the original on 4 February 2012. Retrieved 4 February 2012.
13. Cranston, Stephen (17 July 2011). "South Africa's Public Investment Corporation begins to look outward". Financial Times. Retrieved 18 July 2011.

External links

• http://www.lrp.co.uk/ - official website