Investment manager Oryx Real Estate Partners has acquired 15 Mandela Way, a 63,000 sq ft industrial estate in Bermondsey, south-east London, for £17.7m.
Mandela Way, Bermondsey
The acquisition is the second transaction for Oryx’s UK industrial and logistics fund, following its first investment in Greater Manchester.
Working alongside local operating partner Bloom, Oryx will reposition and upgrade the existing building into a best-in-class, sustainable multi-let industrial estate designed for modern occupiers. The proposed scheme comprises five units ranging from 7,000 sq ft to 18,000 sq ft.
Subject to planning, works are expected to begin in 2026, with the repositioned estate expected to complete in 2027.
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 1980s built asset into an institutional-grade, sustainable industrial estate.”
The fund will continue deploying capital throughout 2026.
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