Seneca launches property business with £20m acquisition

Seneca, which has £500m in assets under management, has acquired six branded business centres worth £20m to form part of the portfolio. The portfolio provides 170,000 sq ft of office accommodation and a further 50,000 sq ft of light industrial accommodation, let to more than 200 tenants. It has also hired Jeff Morton as managing director of Seneca Property. Morton was formerly an equity partner at property private equity firm Henley Investments.  Wealth managers to blame for post-Brexit vote property fund saga Prior to this, he was a managing director at BlackRock and head of in...