Lazard Ltd (NYSE: LAZ) has secured a new UK headquarters at 20 Manchester Square in Marylebone W1.

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 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.

Cyrus Kapadia, CEO at Lazard UK Financial Advisory, commented: “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."

Jeremy Taylor, CEO at Lazard Asset Management London, added: "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.”

Lazard was advised by RX London.