Infinium Logistics has invested £40m (€46m) to buy three sites in the UK for FleetHubs, its electric vehicle (EV) charging real estate fund managed by GreenPoint Partners.
EV-charging business Infinium said the acquisition of sites in Heathrow, Sheffield and Surrey takes the capital deployed on behalf of the fund to over £70m.
Infinium, which develops and manages the assets, said it had a “further allocated follow-on development spend” of approximately £50m and a “large pipeline of assets in advanced discussion”.
FleetHubs was launched in 2022 with backing from GreenPoint Partners and £500m of investment capacity.
The platform’s first major investment was in Swindon, followed earlier this year by the acquisition of an EV charging facility let to Amazon in Banbury for £28m.
The latest transaction includes the acquisition of the Heathrow Flightpath car park for £22.5m from Aprirose, alongside the purchase of development sites in Sheffield and Surrey.
Tom Markwell, investment manager at Infinium, said the Heathrow Flightpath site presents Infinium with a “prime opportunity to showcase our commitment to delivering a more functional, sustainable, tech-enabled transportation ecosystem and a cleaner, greener future”.
Phil Bayliss, CEO of Infinium Logistics, said: “Helping to deliver the clean energy transition through the electrification of commercial transport in real estate is an extraordinary opportunity.
“The role that the real estate sector can play as architects of a cleaner, greener mobility future is enormous and our generation’s defining, watershed moment in the drive towards a sustainable future. It will all start with great sites in high demand locations and these investments do just that.”
Tom Gough, investment director at Infinium, said: “These asset locations have been a primary focus for the past 12 months, so to land the three deals in such quick succession is a huge achievement for the business.
“They represent key locations for which critical EV infrastructure is needed and in turn will aid transport operators to transition to fully electric fleets and realise significant cost and operational efficiencies in doing so.”
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