Seneca sets sights on £100m investment target

Seneca Property is doubling down on the UK office market, having unveiled plans to invest £100 million in high-quality assets over the remainder of 2026. Here's everything you need to know…

The firm's latest move saw it enter the Greater London market for the first time, acquiring a prime office asset in Richmond through an off-market deal. The acquisition marks another major milestone in the firm's ambitious growth journey.

The Richmond purchase caps off a busy year for Seneca Property, which has added circa 200,000 sq ft of office space to its portfolio across the West Midlands, Surrey, Bristol and Manchester. By targeting some of the UK's most sought-after office markets, Seneca is doubling down on its belief that prime, well-located workspace remains one of the sector's strongest long-term investment plays.

Looking ahead, Seneca is sharpening its focus on office assets with untapped potential. The firm is targeting opportunities across Greater London and key regional markets where refurbishment programmes, upgraded amenities and hands-on asset management can help transform performance and create additional value.

Managing Director of Seneca Property, Chris Bullough, said: "Over the last year we have significantly expanded our office portfolio through a number of strategic acquisitions in markets where we see strong occupational fundamentals and long-term growth potential".

He continued: “Our first investment in Greater London represents an important milestone for Seneca. Richmond is an exceptional location with a strong occupier market, excellent connectivity and an attractive business environment, making it a natural fit for our investment strategy. The transaction was sourced off-market and demonstrates the strength of our relationships and ability to identify attractive opportunities in highly competitive markets."

"We continue to see attractive opportunities across the UK where active asset management and a focus on occupier experience can create meaningful value. The market remains highly fragmented and we believe there is a compelling opportunity to acquire quality assets at attractive pricing. We are therefore targeting approximately £100 million of further investment over the next 12 months", he added.

Seneca Property’s Chief Executive Officer, Jeff Morton, said: "At a time when many investors remain cautious towards the office sector, we are seeing some of the most compelling buying opportunities we have encountered in recent years. We believe current market conditions provide an attractive entry point for high-quality assets with strong long-term fundamentals. Demand for high-quality workspace remains resilient, driven by businesses seeking the best environments for their employees and customers."

"Our recent acquisitions, including a number of off-market opportunities, demonstrate both the strength of our sourcing network and our ability to execute transactions across a range of markets, giving us confidence in our ability to continue growing the portfolio over the coming year", Morton added.

The backdrop is a market increasingly split in two: strong demand for well-located, amenity-rich offices, and a tightening pipeline of new development. That imbalance is helping support performance in the best assets while creating clear opportunities for buyers willing to move selectively and add value through active management.

Against this setting, Seneca expects to stay firmly on the front foot, with a steady flow of deals under review across Greater London and key regional markets over the year ahead.

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