Clearbell Capital and joint venture partner Deva Capital have let a 39,000 sq ft unit on Galleywall Road in Bermondsey to synthetic fuel producer Rivan on a 10-year lease.
Rivan is relocating to the site from its previous headquarters, which is located one mile away. The property is being comprehensively refurbished to achieve an EPC A rating, with upgrades including a recoated roof, new LED lighting, refurbished offices, EV chargers, secure bike storage and solar panels.
Toby Saul, director at Clearbell Capital, said: “This is a standout letting for CLP and a strong endorsement of both the quality of the asset, the refurbishment and the depth of demand for best-in-class urban logistics space. Galleywall Road is a rare Bermondsey warehouse offering, combining scale and excellent connectivity in one of London’s best industrial locations. Securing a business like Rivan on a long-term lease is a very positive outcome and we look forward to supporting them through this next phase of growth following their impressive fundraise.”
Tom Pere-Diaz, operations lead at Rivan, added: “We are excited to open Production Base 1 on Galleywall Road. This facility will support production of up to 50 MWs per year of our synthetic fuel systems, enabling us to immediately start domestic production of synthetic fuel in the UK.”
