The partnership
In November 2024, Novo partnered with the Bluemantle family to recapitalise and reposition a second-generation property company.
Structuring. Finance. Asset management. Disposals.
Key figures
£35m
Commercial portfolio under management
£3m
Passing rent
6 years
Term certain
1,000 homes
In promotion
150,000 sq ft
Commercial in promotion
20 acres
As master development partner
Figures as at September 2026.
Draft noteDraft figures · subject to partner sign-off.
Draft noteHidden on live site until approved.
Portfolio performanceAt entrySince entry
Passing rent£2.1m£2.8m
Income secured to break£3.3m£15.5m
Average term to break1.6 yrs5.5 yrs
Draft noteDraft figures and partnership wording. Subject to partner sign-off.
Draft noteOptional asset grid (4–6 images, location captions only, no tenant names): photographs to be supplied.