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LAZARI COMPLETES ON £277.5 MILLION TROPHY INVESTMENT

23 Savile Row, London, is the latest jewel in the crown and a significant addition to the Lazari Investments portfolio of prime London properties.

 

The property, a super-prime trophy investment in the heart of Mayfair, is let to a strong globally recognised tenant base.

 

Chrysanthos Protopapas, Partner at Protopapas LLP, said “We are excited to have been involved in the acquisition of this highly specified and beautifully designed property. Nestled in the heart of Mayfair, it is almost fully let to a robust international tenant base, further demonstrating ongoing confidence in London as the world’s destination of choice for many international corporations and businesses.”

 

The property was designed by Eric Parry Architects and awarded the prestigious West End Development of the Year at the Office Development Awards upon completion in 2009. With best-in class design and accommodation, this property is something quite spectacular.

 

We are very pleased and excited about our new acquisition, which places itself amongst the leading commercial properties within the Lazari Investments Group portfolio. We were the selected bidder chosen from a shortlist of a host of other very strong candidates, who are active in the London property market. I believe this is because we offered certainty to the seller in these indeterminate political and economic times, both in terms of financial commitment and our ability to perform within the agreed timescales. We had confidence in our team, both internally at Lazari and in our external legal and other advisors and funders and, as always, we were able to honour our bid and to do so on time. We are confident about the future of the property considering its ideal positioning within London and excellent tenant base” said Nicholas Lazari, Director of Lazari Investments, who led the transaction.

 

Zoë Protopapas, Head of Real Estate at Protopapas LLP, said “we congratulate Lazari on this superb acquisition – a magnificent addition to their exclusive portfolio. We are privileged to have acted for the Lazari Group, yet again, in undertaking all necessary property due diligence in connection with this complicated transaction. We also very much enjoyed seamlessly working with Lazari’s corporate and tax advisors, PWC UK and Luxembourg, Dentons, who acted for Lazari’s lender and the Sellers’ solicitors, Clifford Chance UK and Luxembourg. I am proud of my team. Once again, we demonstrated our ability to transact at top level, acting fast, accurately and efficiently, delivering on time, every time!”

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