Schroders Capital has agreed a £20m partnership with Manchester-based EV charging network Be.EV which will see more than 200 ultra-rapid EV charging bays installed across 22 Schroders Capital-managed retail and leisure properties across the UK.
Be.EV will install ultra-rapid Kempower chargers, capable of delivering up to 325 miles of range in as little as 20 minutes, on some of the UK’s most prominent retail and leisure parks, where retailers include Sainsburys, Aldi, Lidl, Costa Coffee, KFC, McDonalds, Nandos, Pizza Express, Starbucks, Marks & Spencer and IKEA.
The partnership cements Be.EV’s position as a leading, nationwide charge point operator, supporting landlords in future-proofing their assets by bringing convenient, ultra-rapid charging to their shoppers. In return, Schroders Capital clients benefit from long-term, index-linked income stream.
Asif Ghafoor, CEO of Be.EV, said: “Like the thousands of drivers who use our network each day, Be.EV is going places.
“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, added: “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’s retail warehouse portfolio.”
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*Offer ends on Friday, 7th February.
