London & Regional Properties
| Company type | Privately held company |
|---|---|
| Industry | Real estate, private equity |
| Founded | 1987 in London, United Kingdom |
| Founder | Richard Livingstone, Ian Livingstone |
| Headquarters | London, United Kingdom |
Number of locations | 3 offices |
Key people |
|
| AUM | £9 billion |
| Parent | Loopsign Limited |
| Website | lrp.co.uk |
London & Regional Properties (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,[1] performing private equity style investments in direct property and asset-backed operating businesses.[2]
L&R was founded in 1987 by billionaire brothers Richard Livingstone, a chartered surveyor, and Ian, a former optometrist,[3][4] who are described by the Irish Independent as "secretive".[5] The firm's AuM is in the upwards of £9 billion.[6] L&R has business interests in the United Kingdom, Europe, and the Americas[7]
Portfolio
The company's portfolio includes:[8]
Investments
- Atlas Hotels, a hotel real estate and operating company with 46 limited service hotels across the UK[9]
- 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[10]
- The Empire, Leicester Square[citation needed]
- General Healthcare Group, the UK's leading independent health provider with 67 hospitals[11]
- 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[3]
- 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.[4] The Livingstones withdrew from parallel negotiations to buy the Royal Crescent hotel.[12][13]
- 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[3]
References
- ^ London & Regional Properties, official website
- ^ "L&R Acquires Atlas Hotels". 29 April 2016. Retrieved 2017-11-20.
- ^ a b c 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.
- ^ a b Neate, Rupert (2 September 2011). "Property magnates poised to buy Profumo mansion Cliveden". The Guardian. Retrieved 6 September 2011.
- ^ Reynolds, John (27 November 2011). "Anglo-backed hotel was sold to ex-Anglo banker". Irish Independent. Retrieved 6 January 2012.
- ^ "London And Regional Properties". L + R | London And Regional Properties. Retrieved 2017-11-20.
- ^ London & Regional Properties Ltd, Business Week. Retrieved 15 July 2011.
- ^ Portfolio Archived 2011-06-21 at the Wayback Machine, L&R website
- ^ "HFF Announces Recapitalisation for 48-Property Hotel Portfolio in the United Kingdom" (Press release). Business Wire. November 6, 2017.
- ^ "Destination Hotels". LR Hotels. Retrieved 13 August 2020.
- ^ "About BMI | BMI Healthcare UK". www.bmihealthcare.co.uk. Retrieved 2017-11-21.
- ^ Offers made on two-thirds of von Essen hotels, This is Bath, 5 September 2011. Retrieved 6 September 2011.
- ^ 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 2 February 2012. Retrieved 4 February 2012.
External links
- http://www.lrp.co.uk/ - official website