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.
L&R was founded in 1987 by the brothers Richard Livingstone, a chartered surveyor, and his brother Ian, a former optometrist, who are described by the Irish Independent as “secretive”. The value of their property empire is estimated at more than €5 billion. L&R has business interests in the United Kingdom, Scandinavia and the Baltic region, Germany, Poland, South Africa, Russia, Ukraine, Switzerland and Central America.
It manages business, retail and leisure complexes from its offices in London, Stockholm, Moscow, Panama City, St Petersburg, Kiev and Cape Town.
Portfolio
The company’s portfolio includes:
Investments
- London Hilton on Park Lane
- Trafalgar Hilton
- The Empire, Leicester Square
- Diageo’s head office in London WC1
- 55 Baker Street, site of Marks & Spencers’ former head office
- The sports centre business David Lloyd Leisure, acquired in 2007 from Whitbread
- 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
- Cliveden, purchased from the collapsed Von Essen Hotels group in February 2012. The Livingstones withdrew from parallel negotiations to buy the Royal Crescent hotel.
- 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
Past developments
- Victoria & Alfred Waterfront, Cape Town, South Africa—sold in 2011
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