A NORTH Yorkshire property investment company is celebrating a successful first half of 2014 by adding £10 million of acquisitions, including a £1.5 million property in York, to its £40 million portfolio.

With another £6.6 million deal currently in the pipeline, Rougemont Estates, chaired by Jan Fletcher, said it was confident of finding more “pockets of value” around the country over the next six months amid growing confidence in the commercial property sector.

Deals this year include a 120,000 sq ft whisky maturation warehouse near to Edinburgh Airport, which is backed by drinks giant Diageo on a 15-year lease.

Another investment was the £1.5 million acquisition of Stamford House in York, which is home to the law firm Lupton Fawcett Denison Till. The property generates a ten per cent per annum return and has great potential for future growth.

The next deal in the pipeline is a £6.6 million retail unit in St Helier, Jersey.

Managing director James Craven 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. We are also seeing a growing appetite among high net wealth individuals for this type of investment.”