Be.EV has agreed a major new partnership that will see it install more than 200 ultra-rapid EV charging bays at 22 Schroders Capital-managed retail and leisure properties across the UK.
As part of the £20 million investment, Be.EV will fully fund the installation and maintenance of chargers at sites managed by five Schroders Capital real estate funds, including Schroder Real Estate Investment Trust and Schroders Capital UK Real Estate Fund.
Be-EV will install ultra-rapid Kempower chargers – up to 300kW – capable of delivering 325 miles of range in 20 minutes on some of the UK’s most prominent retail and leisure parks.
Retailers at these sites include Sainsburys, Aldi, Lidl, Costa Coffee, KFC, McDonalds, Nandos, Pizza Express, Starbucks, Marks & Spencer and IKEA.
These EV hubs, the majority featuring six to 12 charging bays, will be leased on a 20-year agreement with index-linked market rents.
Asif Ghafoor, CEO of Be.EV, said, “This is a landmark deal for Be.EV and we are excited to help the big brands who occupy the retail parks in Schroders portfolio benefit from the increased footfall benefits EV charging brings.
“I would like to congratulate all the team at Be.EV for their hard work in securing this important deal.”
Matthew Baddeley, Lead Asset Manager at Schroders Capital, said, “Improving the UK electric charging network is essential in supporting the UK’s energy transition goals, whilst it also aligns with our own net zero targets.
“Be.EV’s offering is highly compelling and we look forward to welcoming them to the Schroders Capital retail warehouse portfolio.”
