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]
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]