Knight Frank has been instructed to sell the freeholds to two power stations for a combined price of £90 mln (€105 mln).
The agent’s specialist property investment team is handling the sale described as a ‘rare’ opportunity to own infrastructure assets in the English counties of Hertfordshire and Kent.
Charles Fletcher, a member of Knight Frank’s group, called the lot sizes ‘attractive’ with the potential for high value future alternative uses.
‘We are seeing increasing investor interest in the infrastructure sector which we expect to increase further given the growth of urban populations and the world transitioning to a low carbon economy,’ he said.
Knight Frank expects to see further interest in the UK’s infrastructure sector given the UK’s net-zero target, which will require a quadrupling of renewable generation and doubling of the annual investment in the power sector, in addition to large investments in heat networks, waste management and electric vehicle charging points.
The UK Government has also pledged to support infrastructure investments, committing £600 bn in the next five years, to support and regenerate the economy.
The two power stations are Rye House and Damhead Creek described as being combined cycle gas turbine (CCGT) power stations which are a highly efficient means of generating energy that combine a gas-fired turbine with a steam turbine.
Both properties come with the freehold providing a secure, inflation-linked income stream. Damhead Creek is a 17.58 acre site located in Hoo, within the strategic Kent and Medway growth corridor, 35 miles southeast of London, whilst Rye House is a 19.21 acre site situated in Hoddesdon, 18 miles north of London.