(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has completed the provision of a £235 million facility with Lazari Investments, secured against a portfolio of prime London offices.
The loan, a five-year facility, will be used by Lazari Investments to refinance existing agreements and for further capital expenditure across its portfolio. It builds on a long-standing relationship between Aviva Investors and Lazari Investments which dates back more than 35 years.
In January, the eighth edition of Aviva Investors’ Private Markets Study highlighted that 30 per cent of corporate defined contribution (‘DC’) pension funds expect real estate debt to be the private debt sub-asset class with the most attractive risk-adjusted returns over the next two years.
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 and is 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 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.”
