Billionaire brothers Ian and Richard Livingstone saw the value of their property empire soar by £640 million last year.

Accounts just filed for Loopsign, the brothers’ holding company, show the group’s net asset value increased from £1 billion to £1.64 billion in the year to September 30, 2014, due to profit and a £474 million rise in the value of their investment portfolio.

Those properties include Cliveden House in Buckinghamshire. Now a luxury hotel, it was the scene of the legendary encounter in 1961 that led to the Profumo affair.

Loopsign’s turnover rose from £252 million to £324 million, while the previous year’s pre-tax loss of £93.7 million turned into a profit of £190 million, due in part to £154 million made from the sale of subsidiaries.

Those subsidiaries included the David Lloyd Leisure chain of gyms, which was bought by private equity firm TDR Capital in September 2013.
No dividend was paid out to the brothers for the year – unlike in 2011 where they shared a £124 million payout.
As well as Cliveden and its sister hotel Chewton Glen on the fringe of the New Forest, which was recently named the best hotel in Britain, Loopsign owns the Hilton hotels at London’s Green Park and Park Lane, via its London & Regional subsidiary.
It is also involved in the regeneration of the former Guinness Brewery in Park Royal, North West London, and Waterloo station.

Source: http://www.thisismoney.co.uk/money/markets/article-3174525/The-Livingstone-brothers-luxury-hotels-check-640m-return.html