London & Regional Properties
| Company type | Private limited company[1] |
|---|---|
| Industry | Real estate Private equity |
| Founded | 1987 |
| Founders | |
| Headquarters | 55 Baker Street London, United Kingdom |
Number of locations | 3 offices |
Key people |
|
| AUM | £9 billion |
| Owners |
|
| Website | lrp |
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]
Portfolio
[edit]The company's portfolio includes:[10]
Investments
[edit]- 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]
References
[edit]- ^ "Overview". Companies House. Retrieved 28 September 2024.
- ^ "Persons with significant control". Companies House. Retrieved 28 September 2024.
- ^ London & Regional Properties, official website
- ^ "L&R Acquires Atlas Hotels". 29 April 2016. Retrieved 20 November 2017.
- ^ 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 20 November 2017.
- ^ 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. 6 November 2017.
- ^ "Destination Hotels". LR Hotels. Retrieved 13 August 2020.
- ^ "About BMI | BMI Healthcare UK". www.bmihealthcare.co.uk. Retrieved 21 November 2017.
- ^ 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.