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
- ^ London & Regional Properties, official website
- ^ 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.
- ^ a b Reynolds, John (27 November 2011). "Anglo-backed hotel was sold to ex-Anglo banker". Irish Independent. Retrieved 6 January 2012.
- ^ a b London & Regional Properties Ltd, Business Week. Retrieved 15 July 2011.
- ^ Portfolio, L&R website
- ^ "Brothers' £2.9 bn empire". The Mail on Sunday. 30 July 2006. Retrieved 2011-09-06.
- ^ Whitbread sells David Lloyd gyms, BBC News, 4 June 2007. Retrieved 15 July 2011.
- ^ Southern Cross wins new rent reprieve worth £18m, This is Money, 4 September 2011. Retrieved 13 September 2011.
- ^ 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
{{cite news}}:|access-date=requires|url=(help); Missing or empty|title=(help) - ^ 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 4 February 2012. Retrieved 4 February 2012.
- ^ 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