ENVIRONMENTAL, SOCIAL, AND GOVERNANCE
At L+R, we are committed to operating our business in a responsible and sustainable manner. We recognize that our activities have an impact on the environment, society, and the economy, and we aim to minimize any negative effects and create positive change wherever possible. To this end, we have developed an Environmental, Social, and Governance (ESG) statement that guides our actions and decisions.
Environmental
- We strive to minimize our environmental impact by reducing our carbon footprint, conserving natural resources, and minimizing waste.
- We will continuously monitor and improve our environmental performance by setting measurable targets and regularly reporting on our progress.
- We will encourage our suppliers and partners to adopt sustainable practices and work together to minimize the environmental impact of our supply chain.
Social
- We are committed to treating our employees, customers, and partners with respect and fairness, and fostering a diverse and inclusive workplace.
- We will work to ensure the health, safety, and well-being of our employees, guests, and the communities in which we operate.
- We will engage with and support our local communities through charitable giving, volunteerism, and other initiatives.
Governance
- We are committed to upholding the highest standards of corporate governance, ethics, and transparency.
- We will maintain rigorous controls and risk management processes to ensure the safety and security of our guests, employees, and assets.
- We will strive to foster a culture of integrity, accountability, and responsibility throughout our organization.
At L+R, we believe that by integrating ESG considerations into our business strategy, we can create long-term value for our stakeholders and contribute to a sustainable future. We are committed to ongoing improvement and welcome feedback and input from our stakeholders to help guide our efforts.
PRIVACY POLICY
Registered Company Name: (Invoice name) London & Regional Properties Limited (“London & Regional”) Registered Company Number: 02909660 Registered Company Address: 8 th Floor, South Wing, 55 Baker Street, London W1U 8EW (Principle/Trading/Invoice Address) 8 th Floor, South Wing, 55 Baker Street, London W1U 8EW
Privacy Statement
The processing of your data is necessary for the purposes of the legitimate interests of London & Regional. Our privacy statement outlines what this means in practice and explains how London & Regional collects, stores, manages and protects your data.
The Data We Hold
If you are a tenant, supplier, contractor, consultant, customer, visitor, guest or employee, most of the data we hold would have been provided by you. This includes but is not limited to:
– Your name, title, gender and date of birth
– Your home address, email address and telephone numbers
– Health information Some of the personal data we hold about you has been provided by you during interactions with our employees namely:
– Updates to your contact details. Address, email and phone
– Records of verbal or email conversations/meetings, including personal and philanthropic interests
– Your family and partner/spousal details
– A record of the communications we have sent to you and any responses to such communications
– Your contact preferences
– Your contact preferences
– Your current job title, employer and work email addresses
– Previous role(s) and job title
What We Use Your Information For
– Unless you have requested otherwise, the information you provide is used by the business, to communicate with you. These may include:
– Providing you with the services and information you have requested
– The promotion of benefits and services available to you
– The promotion of London & Regional
– Distribution of business mailings (e.g. magazine, newsletters)
Data Analysis and Updating Your Contact Details
To ensure that our communications are relevant to you and your interests, we may use tools that help us track whether the emails we send are opened and which links are clicked within a message. We may also track website visits and use analytical tools, such as Google Analytics, to use this information to improve our website.
Other Websites
Our website may contain links to other websites. This privacy policy only applies to the data stored and processed by London & Regional so when you link to other websites you should read their own policy.
How Long is Personal Data Held?
Personal data is held in line with our Records Management Policy and Schedule, which is available upon request.
Your Right to Make Changes or Ask Us to Stop Using Your Data
You are in control of your data and have the right to opt-out of all or specific communications types at any point. You also have the right to request copies of the data we hold about you, to do so please submit a Subject Access Request to: lshelley@lrp.co.uk.
If You Have a Concern About How Your Data is Being Handled
You can contact the business via the contact page our website. In addition to this, you can raise any concerns directly with the Information Commissioner’s Office (www.ico.org.uk (http://www.ico.org.uk/))
Changes to the Privacy
Statement In the interest of being transparent we may amend this Privacy Statement from time to time. Any significant changes to this Policy or to the way we treat your data will be communicated via the London & Regional website.
Further Information
If you have any questions which you feel have not been answered by this Privacy Statement, please do not hesitate in contacting us by email at lshelley@lrp.co.uk or in writing to Leon Shelley at 8th Floor, South Wing, 55 Baker Street, London W1U 8EW.
COOKIES POLICY
Cookies
About Cookies As part of the new European Union privacy protection laws we are required to inform you when we use tracking features called ‘cookies’ on our website.
How We Use Cookies
“Cookies” are tiny, harmless text files sent to your computer or mobile when you visit a website. Most websites use cookies, and in our case we use them to understand where visitors are coming from and how they use our website in order for us to constantly improve the website experience. We don’t use cookies to track individuals or store sensitive information such as your name, address or credit card details.
Third parties (such as online reservations systems, Google and social media websites) that feature on this website may also use cookies to ensure their features and processes work properly. Please note we are not responsible for cookie usage on these websites and features. Our website uses third party companies to deliver online services. Their websites may also use cookies to ensure their features and processes work properly. Please note we are not responsible for cookie usage on these websites and features.
REGULATORY DISCLOSURES (TAX STRATEGY)
Tax Governance and Risk Management
The Group’s objectives in managing and controlling its tax affairs and related tax risks are to ensure compliance with all applicable rules, legislation and regulations in the jurisdictions in which it operates, paying the correct amount of tax as it falls due.
Day to day management of the Group’s tax risk management and tax compliance obligations is the responsibility of the Chief Financial Officer with the support of the Finance Director and Tax Director.
External advice is sought from leading tax advisors for complex or specialised tax areas or where legislative changes are expected to impact the Group’s tax position.
The overall governance and responsibility for the Group’s tax affairs rests with the Group’s Board of Directors.
Tax policies and risks are assessed for each new transaction and are reviewed regularly for changes in legislation.
We have a tax control framework in place to manage our tax risks. The controls are monitored frequently to ensure they are operating effectively.
Attitude to Tax Planning
Tax as a business expense is managed like any other cost and the Group utilises legitimate tax incentives or opportunities for obtaining tax efficiencies. The Group only undertakes tax planning which is aligned with a genuine commercial rationale and within the tax laws of the relevant country.
Tax Risk Appetite
Significant tax risks, implications arising from these risks and potential mitigating actions are considered by the Board when strategic decisions are taken – the tax risks of proposed transactions or new areas of business are fully considered before proceeding.
We have a low appetite for tax risk which can be defined as not undertaking any transactions involving taxes that are not fully supported by commercial activities.
Working with HMRC
The Group maintains a co-operative and pro-active relationship with HMRC, and the tax authorities of other relevant jurisdictions, to encourage an open relationship and reduce our risk profile.
Where any tax law is unclear or subject to interpretation, we will engage with external tax advisers to ensure we remain compliant with the relevant tax laws and to share our view with the tax authorities as applicable. This tax strategy relates to the accounting year ended 31 December 2025 and has been prepared in accordance with Schedule 19, paragraphs 16 and 17 of the Finance Act 2016. (December 2025)
MODERN SLAVERY & HUMAN TRAFFICKING STATEMENT
Statement under Section 54(1) of the UK Modern Slavery Act 2015 (“MSA”)
for London and Regional Hotel Management Limited and their affiliated entities
(together the “L+R Investment Group” or the ”Group”)
The L+R Investment Group recognises the importance of respecting human rights as embodied in the International Bill of Human Rights, the UN Guiding Principles on Business and Human Rights, and the United Nations Universal Declaration of Human Rights. We recognise that modern slavery and human trafficking are grave forms of human rights abuse and we will never knowingly trade with companies that have been shown to employ or utilise slavery, servitude, forced and compulsory labour, child labour or who are complicit in human trafficking activities. We are committed to preventing fall kinds of slavery across all business dealings and transactions in which we are involved, regardless of location, and throughout our supply chain. We always strive to work to the highest professional standards and comply with all laws, regulations and rules relevant to our businesses
About L+R
The L+R Investment Group is a global private real estate and leisure investment business. It has a development portfolio that spans across the retail and leisure sectors as well as major commercial ventures and projects in the UK and worldwide. The Group continues to focus on creating lasting value for investors and communities, building on the strength of its properties and people including employees, partners and
investors.
- For more information on the Investments group, please visit our website at www.lrp.co.uk
Policies
The policies of the Group have been developed to ensure high standards of conduct and ethical behaviour in all of our business activities and we expect the same standards from all our contractors, suppliers and other business partners. We have policies and procedures in place across the Group to protect our employees and their labour rights, including policies around equal opportunities, working hours and pay. Compliance with these policies is monitored by our People and Culture support, as well as Senior Management, and is reviewed on an annual basis with ad-hoc updates made when there are changes in employment law. We aim to be a responsible employer
and we are committed to treating our employees with fairness, dignity, and respect. We engage with our employees on a regular basis to help create a safe and diverse work environment where people are comfortable to be themselves. The Group has over 500 employees who fulfil a variety of real estate related roles across client/guest facing areas, as well as commercial, marketing, operational, development, ESG, procurement, risk
and compliance. Formal policies, procedure and approval structures are in place for recruitment with our recruitment and employment policies designed to ensure, as far as possible, that the Group is not exposed to the fraudulent recruitment of employees or the exploitation of workers in any of the assets in our portfolio
Employee inductions on joining the Group includes an outline of our expectations for ethical business practices including how to conduct relationships with suppliers and clients. Through internal communications all employees are made aware of the Group’s policies and procedures, including those on health and safety, anti-bullying and harassment, whistleblowing, anti-bribery and corruption and preventing slavery and human trafficking. Employees are encouraged to discuss the importance of ensuring fair and safe working practices and to report possible signs of modern slavery and trafficking through our whistleblowing channel as set out in the Group Whistleblowing Policy.
We value our supplier partners and the contribution they make in delivering our business objectives including those involved in facilities management, the provision of security, cleaning and waste management services as well as the contractors working on refurbishments that we rely on to purchase materials often through their supply chains. We engage with all our suppliers on a regular basis, holding meetings, as required, to build and maintain relationships. Our belief is that this approach increases transparency within our supply chains. We aim to use market-leading suppliers across our product groups and regions, while offering local supply options. We have a clear policy for approving suppliers prior to work being commissioned. Our supplier due diligence processes help to identify and address potential risks of modern slavery. We screen our established strategic suppliers to ensure we are only engaging with suppliers who comply with anti-slavery laws and that do not engage in any slavery or human trafficking practices Where cases, or allegations, of forced labour are identified within our supply chain, we investigate any concern thoroughly. There have been no such cases or allegations in FY 2024.
Risk Assessment & Due Diligence Procedures
We will undertake a review of modern slavery risks across the Group towards the end of FY 2025 to identify any significant risks that may have been overlooked. We recognise the potential high risk of modern slavery in the hospitality industry and within our supply chain relating to support services such as cleaning and maintenance amongst others and we will maintain a focus on these areas in our review.
We continue to assess, regularly monitor and mitigate risks relating to slavery and human trafficking on a Group-wide basis, with individual operating companies taking specific actions where appropriate to the level of risk and taking actionable steps to prevent the use of any of the assets we own and/or control for human trafficking and slavery, and to raising awareness concerning such exploitation wherever we do business. No ‘red flags’ associated with modern slavery have been identified.
Right to work, age and identity checks are undertaken, and contracts allow such workers to cease employment at will, subject to contractual notices being served.
Training & Looking Ahead
We recognise that modern slavery and human trafficking requires constant commitment and vigilance. Raising awareness of trafficking and modern slavery is key to identifying and helping to prevent modern slavery and human trafficking.
In the statement released last year, we noted that we would endeavour to ensure that all senior managers across the Group and its operating divisions undertake dedicated training relating to preventing modern slavery across our operations and to understanding the red flags associated with modern slavery and the actions they should take should they suspect its existence in our supply chain. To this end, we provided training, in January 2025, via
an online compliance training platform from an accredited provider and all senior managers completed the mandatory online training course.
We intend to take the following steps aimed at mitigating modern slavery, forced labour, and human trafficking
risks in our operations:
- Continue to monitor potential risk areas in our supply chains on an ongoing basis to ensure that there is no slavery or human trafficking in our supply chains.
- Continue to embed human rights in our policies, governance practices and contracts;
- Undertake an assessment and review of policies periodically.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement for the L+R Investment group and those joint ventures and funds managed by us, for the financial year ending 31 December 2024. It was approved by the executive board of L + R on 27 June 2025.
Desmond Taljaard
Deputy Chair