European Real Estate

Seneca Asset Management entered the European real estate market in 2008 when it managed an affiliate’s participation in one of the first large real estate privatization transactions in Sweden. To date, Seneca Asset Management or its affiliates have successfully completed over €3.6 billion of acquisitions across Europe including the United Kingdom, France, Germany, Spain, Scandinavia and the Netherlands. Our European real estate investment team seeks to identify opportunities across sectors and jurisdictions which exhibit high-quality cash flows, locations and structural integrity. Typically pursuing investments with equity requirements between €25 million and €100 million, the team looks for properties where value can be added by injecting both capital and development or operational expertise.

Seneca Asset Management’s European real estate investment team seeks to diversify across asset classes, markets and investment risks. We endeavor to focus upon real estate fundamentals and to add value and minimize risk through structuring and by employing our understanding of the development, operation and management of real estate. Our team attempts to understand the key risks of each transaction and to transform those risks into opportunities to unlock value. Throughout Europe we continue to invest with an emphasis on office, light industrial and warehouse, retail/mixed use and residential. We typically seek:

Seneca Asset Management European Real Estate Fund IV, LPC
Spanish Residential – MAY 2016+

Spanish Residential – MAY 2016+
Four Prime sites in established residential areas of Madrid and Malaga with significant pent-up demand, for the development of a combined 651 units.
WEBB – MARCH 2016

WEBB – MARCH 2016
Portfolio of 46 assets of mixed property type including offices, retail warehousing and High Street Retail units comprising approximately 1.5 million square-feet.
KINGS HILL – NOVEMBER 2015

KINGS HILL – NOVEMBER 2015
Flagship business park comprising 487,261 square-feet across 14 buildings located in the South East of the UK.
Seneca Asset Management European Real Estate Fund III, LP
EL MANAR – JULY 2015

EL MANAR – JULY 2015
High-grade retail park located just outside Valencia, a regional hub on Spain’s Mediterranean Coast, comprising 24,039m² of retail space and 1,344 car parking spaces built between 2006 & 2009. Sold in July 2017.
EMPEROR – DECEMBER 2014

EMPEROR – DECEMBER 2014
Portfolio of seven multi-let and two single-let office assets of primarily institutional quality located across the UK comprising a total floor area of 803,467 square-feet.
HABANERAS – DECEMBER 2014

HABANERAS – DECEMBER 2014
Modern and well-occupied shopping centre located in Torrevieja on the east coast of Spain comprising 258,700 square-feet and 819 car parking spaces. Sold in May 2018.