UK electric vehicle (EV) charging firm Be EV, majority-owned by Octopus Energy Generation, is installing charging bays across Schroders Capital’s UK retail portfolio.
Be EV said it intends to invest £20m (€23.7m) to install and maintain over 200 charging bays across 22 Schroders Capital-managed retail and leisure properties across the UK.
The charging bays are being installed at sites managed by five Schroders Capital real estate funds, including the Schroder Real Estate Investment Trust and the Schroders Capital UK Real Estate Fund.
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, 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’s retail warehouse portfolio.”
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