Wednesday, July 8, 2020

Yorkshire commercial property investment company completes four deals worth £11m

Rougemont, a Yorkshire-based commercial property investment company, has recently completed four new strategic acquisitions, worth £11 million.

Founded in 2009, Rougemont is a privately funded property investment managers and syndicated property investment company, with over £120 million of commercial property under management.

Rougemont’s most recent purchases include established office locations in York, Sheffield, Glasgow and Bristol.

James Craven, Managing Director, said: “Our investment strategy has, in the past, been focused towards acquiring long-term income with yields in excess of 7.50% per annum.  However, the recent squeeze on pricing, due to the weight of available national and international investor money in the market, has made long-term income too expensive.

“In order to continue being able to deliver attractive returns for our investors, we have had to reassess our strategy. We are therefore now focussing on strategically-located opportunities which are, primarily, in large regional cities; are easily accessed by good transport infrastructure; and which are underpinned by a low passing rent in areas of strong occupier demand.

“Our recent acquisitions reflect this new approach, and combined with our pro-active asset management initiatives, we are delivering an increased rent roll and a capital appreciation across the portfolio.

“Rougemont’s investments are structured to deliver attractive returns and income security for our clients. For example, our recent purchase of the Ruskin Building, Sheffield, is yielding 8.60% per annum income return without any bank funding.”

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