Lazard Secures New U.K. Headquarters in Manchester Square

Rhea-AI Summary

Lazard Ltd (NYSE: LAZ) has secured a new U.K. headquarters at 20 Manchester Square, London, set to occupy over 78,500 sq. ft by early 2025. This seven-storey building will house its Financial Advisory and Asset Management businesses. Lazard signed a 15-year lease with Invesco Real Estate beginning mid-2024. The HQ emphasizes sustainability, committing to net zero carbon in construction, aligned with the U.K. Green Building Council framework. This investment aims to benefit clients and further solidify Lazard's London presence.

Positive

• Secured a new headquarters in London, enhancing operational capacity.
• Commitment to sustainability with net zero carbon construction.
• Long-term lease (15 years) ensures stability.
• Expected to positively impact client services and employee experience.

Negative

• None.

-       Over 78,500 sq. ft of newly refurbished office space to be occupied by early 2025

-       Seven-storey property to house Financial Advisory and Asset Management businesses

LONDON--(BUSINESS WIRE)-- Lazard Ltd (NYSE: LAZ) announced today that the firm has secured a new U.K. headquarters at 20 Manchester Square, London. The seven-storey building will house both the Financial Advisory and Asset Management businesses.

The firm has signed a 15-year lease for the property with Invesco Real Estate beginning mid-2024 and expects to take occupancy by early 2025, following a programme of renovations. Lazard is committed to net zero carbon in construction of the new premises, in accordance with the U.K. Green Building Council framework.

20 Manchester Square extends over 78,500 sq. feet and benefits from close proximity to the Wallace Collection, Marylebone village, Regent’s Park and Bond Street underground and Elizabeth line stations.

“As we continue to grow our business, this modern development at 20 Manchester Square underpins our longstanding London presence. I look forward to welcoming colleagues and clients to our new U.K. HQ,” said Cyrus Kapadia, CEO U.K. Financial Advisory.

“We are pleased to have secured this exceptional new space in the heart of the capital. This is an important investment for Lazard Asset Management in London which will be of huge benefit to our clients and colleagues,” said Jeremy Taylor, CEO Lazard Asset Management London.

Lazard was advised by RX London.

ABOUT LAZARD

Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 41 cities across 26 countries in North, Central and South America, Europe, Asia and Australia. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. For more information on Lazard, please visit www.lazard.com. Follow at Lazard @Lazard

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View source version on businesswire.com: https://www.businesswire.com/news/home/20221018005169/en/

Media:

Zoe Butt, +44 20 7448 2802

zoe.butt@lazard.com



Poppy Trowbridge, +44 20 7187 2065

poppy.trowbridge@lazard.com

Source: Lazard Ltd

FAQ

What is Lazard's new headquarters location?

Lazard's new headquarters is located at 20 Manchester Square, London.

When is Lazard expected to occupy its new headquarters?

Lazard is expected to occupy the new headquarters by early 2025.

What size is Lazard's new office space?

The new office space extends over 78,500 sq. ft.

How long is Lazard's lease for the new headquarters?

Lazard signed a 15-year lease for the new headquarters.

What commitment has Lazard made regarding sustainability?

Lazard is committed to net zero carbon in the construction of the new premises.