en.Wedoany.com Reported - UK investment management firm Oryx Real Estate Partners has acquired the 15 Mandela Way industrial estate in Bermondsey, southeast London, for £17.7 million, covering 63,000 square feet.

This acquisition is the second transaction for the Oryx UK industrial and logistics fund, following its initial investment in Greater Manchester.

Oryx, in partnership with local operating partner Bloom, will reposition and upgrade the existing buildings to create a top-tier, sustainable multi-tenant industrial estate for modern tenants. The proposed plan includes five units ranging from 7,000 to 18,000 square feet.

Subject to planning permission, construction is expected to commence in 2026, with the repositioned estate anticipated to be completed in 2027.

Johan Eriksson, Managing Partner at Oryx Real Estate Partners, said: "Mandela Way is exactly the type of asset our fund was established to target. It is located in a prime position within a supply-constrained submarket, with clear potential to deliver modern, sustainable space for which tenant demand remains strong."

"Completing the fund's second transaction reflects the momentum of our deployment, and we look forward to continuing this progress through the fund and the broader Oryx platform in 2026. We are also delighted to partner with Bloom, whose local expertise in repositioning properties will be invaluable."

Tom Davies, Managing Partner at Bloom, added: "Mandela Way is a significant and important site in a London inner-city submarket where there is a severe supply-demand imbalance for high-quality modern industrial units. We look forward to working with the Oryx team to transform this 1980s-built asset into an institutional-grade, sustainable industrial estate."

The fund will continue to deploy capital in 2026.