Home Commercial Property British brewery signs £2.7m lease for a warehouse in Bermondsey

British brewery signs £2.7m lease for a warehouse in Bermondsey

by LLP Reporter
26th Aug 20 2:40 pm

The successful British brewery, Forest Road Brewing Co, has expanded its UK operations with the lease of an industrial warehouse in Bermondsey. Signing a 20-year lease, the £2.7m deal was brokered by leading South London estate agency KALMARs.

Located at Elizabeth Industrial Estate on Juno Way in Bermondsey, the warehouse provides 8,927 sq. ft. of space, including a two-storey mezzanine and ceiling heights of 7.5 metres. The warehouse is finished with reinforced concrete floors, electric roller shutter doors and sodium lighting.

Forest Road Brewing Co was established in 2015 brewing ales and larger, with ‘Work’ an American-style pale ale and the first batch brewed in Belgium. Having started off brewing a 15,000-litre batch in 2015, Forest Road Brewing Co have since brewed and sold over 1.7 million pints of beer.

With its operations now all UK-based, including a licensed bar in Hackney and previous office in Dalston, the new premises in Bermondsey will provide much-needed space to expand their brewing operations and meet increased demand.

The deal, which equates to £135,000 per annum at £15 per sq. ft., marks the arrival of another British brewer to the area, with Bermondsey now recognised as London’s beer district, with the area offering the renowned ‘Bermondsey Beer Mile’ providing almost two miles of brewery bars and bottle shops. Having grown organically over the past few years as brewers set up shop in the area, the ‘Beer Mile’ is a celebration of Bermondsey based Brewers and beer merchants, with hundreds of people flocking there to experience the offering.

As Forest Road Brewing Co look to expand their production and operations, KALMARs highlight that the warehouse’s position on an established industrial estate, between the Old Kent Road and A2 Blackheath Road, means it is well suited for daily stock deliveries to greater London.

Piers Hanifan, Head of Industrial Development at KALMARs said, “The successful letting of Juno Way to Forest Road Brewing Co cements Bermondsey’s reputation as London’s go to brewery and beer district. Due to the large warehouse space and location close to central London, Juno Way has been a fantastic move for Forest Road Brewing Co. We wish them all of the success as they look to expand their production in the coming months.”

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