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A large London landlord has been added to the Rogue Landlord Database and fined £67,000 for breaching the terms of his HMO multiple times.
The breach came from a subsidiary of the Lazzari family, which has assets estimated at £2.5bn.
guardian Razali Properties 1, part of Razai Investments, has been hit with seven fines for breaches at three HMO flats above shops on Camden High Street, and has been cited by the Greater London Authority as a rogue landlord. or found to have been named in the intermediary’s database.
Three of the fines were rated as felonies and the remaining four were rated as moderate fines.
The company will be kept in the database for one year and will be penalized on July 12, 2023.
Cypriot-born Christos Lazzari first made money in the fashion industry in the 1970s, founding the Drendy Girl label.
He then began using the proceeds to establish a prestigious portfolio, acquiring properties in Mayfair, Baker Street and Tottenham Court Road.
Mr. Lazzari passed away in 2015, but his children Leonidas, Nicolas and Andrie continued to grow the business.
The family currently owns 3.25 meters square feet (301,935 square meters) of commercial property in central London, meaning they are one of London’s largest landowners.
In fact, Empire owns the former Fenwick department store building on London’s Bond Street, which it bought in 2022 for £430 million.
The GLA database was established in 2017 by the Mayor of London, Sadiq Khan.
Lazari Properties 1 owns 11 properties across Camden.