A major London landlord has been placed on the rogue landlord database and fined £67,000 for breaching HMO conditions multiple times.
The breaches have come from a subsidiary of the Lazari family, which has an estimated fortune of £2.5 billion.
The Guardian found that Lazari Properties 1, part of Lazai Investments, was fined seven times and named on the Greater London authority’s rogue landlord or agent database due to breaches at three HMO flats above shops on Camden High Street.
Three of the fines were serious, with the other four being labelled as moderate.
The company will remain on the database for one year, with the penalties being issued on July 12th 2023.
Cypriot-born Christos Lazari first made money in the fashion industry in the 1970s, establishing the Drendie Girl label.
He then used the proceeds to start establishing a prestigious portfolio, acquiring property in Mayfair, Baker Street and Tottenham Court Road.
Lazari passed away in 2015, but his children, Leonidas, Nicholas and Andrie, have continued to grow the business.
The family now own 3.25m sq ft (301,935 sq metres) of commercial real estate in central London, meaning they are one of the capital’s biggest landlords.
Indeed, the empire owns the former Fenwick department store building on London’s Bond Street, having bought the property for £430m in 2022.
The GLA database was set up by the London mayor, Sadiq Khan, in 2017.
Lazari Properties 1 owns 11 properties across Camden.
