Oryx Real Estate Partners (Oryx) has acquired a circa 63,000 sq ft industrial estate in Bermondsey for £17.7m.
Working alongside operating partner Bloom, Oryx will reposition and upgrade the existing estate at 15 Mandela Way into a best-in-class, sustainable multi-let industrial estate designed for modern occupiers.
The proposed scheme will comprise five units ranging from 7,000 sq ft to 18,000 sq ft and subject to planning, works are expected to begin in 2026 with the repositioned estate anticipated to complete in 2027.
The acquisition is the second transaction for Oryx’s UK industrial and logistics fund, following an earlier investment in Greater Manchester.
Johan Eriksson, managing partner at Oryx Real Estate Partners, said: “Mandela Way is exactly the type of asset our fund was created to secure. It is a well-located urban estate in a supply-constrained submarket, with clear potential to deliver modern, sustainable space for which occupier demand remains strong. Completing the fund’s second transaction reflects the momentum behind our deployment, and we look forward to continuing this across the fund and wider Oryx platform through 2026. We are also pleased to be working alongside Bloom, whose local expertise will be invaluable as we reposition the estate.”
Tom Davies, managing partner at Bloom, added: “Mandela Way represents a prime site of scale in the inner London submarket where there exists an acute supply and demand imbalance for high quality and modern industrial units. We are looking forward to working alongside the Oryx team to transform this 1980’s built asset into an institutional grade, sustainable industrial estate.”
