INDUSTRY NEWS

Huge dividend for property brothers

The Livingstone brothers have awarded themselves a £230 million dividend on the back of their property empire, the Telegraph has reported.

The payment is one of the largest in British corporate history and reflects income from London and Regional Properties.

It is the first payment they have made to themselves for four years from a commercial property portfolio that includes assets in Park Lane and Baker Street.

The Telegraph revealed the payment from accounts recently filed at Companies House.

London and Regional is controlled by Loopsign, a holding company which manages their assets.

Despite being an impressive payment, it was registered in 2007 and may not reflect the current value of their combined properties.

Often shy of media attention, little is known of the brothers – they are known to refuse interviews.ADNFCR-1329-ID-18768624-ADNFCR

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