Aviva Investors finalizes €275m refinancing deal with Lazari

Aviva Investors, the asset management arm of Aviva, has finalised a £235 mln (€275 mln) refinancing deal with Lazari Investments.

Gregor Bamert

This five-year loan is secured by a portfolio of prime London office properties.
Lazari Investments will utilise the funds to refinance existing debts and to cover future capital expenditures across its property holdings. This agreement further strengthens the more than 35-year relationship between Aviva Investors and Lazari Investments.
This deal follows a recent Aviva Investors Private Markets Study, which indicated that 30% of corporate defined contribution pension funds anticipate real estate debt to offer the most attractive risk-adjusted returns within the private debt sector 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, added: “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.”