Aviva Investors has been funding Lazari’s growth for more than 35 years. The first loan facility was provided in September 1989 for the acquisition of a north London office building.
The new five-year facility is secured against Lazari’s prime central London office portfolio, focused on the city’s vibrant West End, and reflects renewed investor interest in a market that is seen to have outperformed other geographies.
Part of the facility will be used by Lazari to further invest in the portfolio charged with Aviva Investors.
Gregor Bamert, Head of Real Estate Debt at Aviva Investors, said:
“We are very pleased to complete this refinancing agreement and to expand our decades-long relationship with Lazari Investments, a very high-quality sponsor with a portfolio of outstanding prime central London assets.
“This agreement reflects a significant uptick in occupational and investor interest in the prime London office market, a sector we expect to be a key focus of our strategy going through 2026 and beyond.”
Nicholas Lazari, Director at Lazari Investments, said:
“We are delighted to have completed this refinance and capital expenditure facility with Aviva Investors. They have been a strong supporter and lender to our business for many years and have been an integral part of our growth.
“We are proud of our long-term relationship with them. As well as refinancing part of our debt, the transaction shows our ongoing commitment to a continued investment in both our Aviva Investors charged property assets and the wider Lazari portfolio.
“We are now well progressed on our path to having a mature portfolio full of best in class and super prime assets, underpinned by outstanding sustainability matrixes.”
