L+R, formerly known as London and Regional Properties and L+R Hotels[3] 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,[4] performing private equity style investments in direct property and asset-backed operating businesses.[5]
L+R was founded in 1987 by Richard Livingstone, a chartered surveyor, and his brother Ian, a former optometrist.[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]