Ian Scott International


London landlord Lazari’s property empire worth £3bn as lettings surge

The property firm founded by the late Greek-Cypriot billionaire Christos Lazari — who came to Britain with £20 in his pocket — has seen the value of its London empire swell to £3 billion. 

Lazari Investments’ portfolio of offices, shops and hotels in the West End and north London, rose 2.2% in the year to March, new accounts show.

The landlord is led and owned by Christos Lazari’s three children after their father died in 2015. The Lazari family are worth £2 billion, according to the Sunday Times Rich List.

The firm agreed a number of new office lettings in the period, including to Asos, CBRE and NHS Property Services. That helped rental income rise 9% to £115.5 million. 

Its report said: “The London office market has remained surprisingly resilient despite political headwinds.”

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