Jan Fletcher’s Rougemont adds £10m to property portfolio

Jan Fletcher
Jan Fletcher
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ROUGEMONT ESTATES, the property investment company chaired by entrepreneur Jan Fletcher, added £10m of new acquisitions to its portfolio in the first half of 2014, the company announced yesterday.

The portfolio now stands at £40m, with another £6.6m deal in the pipeline, the company said.

This is for a “prime retail unit” in St Helier, the capital of Jersey.

Rougemont said investments this year include a 120,000 sq ft whisky maturation warehouse near Edinburgh Airport and the £1.5m acquisition of Stamford House in York, which is home to law firm Lupton Fawcett Denison Till.

James Craven, managing director, said: “It is still difficult to find the right properties, but there are still pockets of value out there.

“There’s more confidence back in the market and tenants are beginning to commit to longer leases.”

He said the company delivers better than average returns on commercial property investments.

Rougemont offers syndicated investment opportunities and claims three to four per cent of an investment as its fee.

Property titles are held with SG Hambros Trust, which means that if Rougemont collapses the investments are unaffected, said a spokesman.

The company must provide the City regulator with quarterly updates.

Ms Fletcher founded Rougemont with Mr Craven in 2009.