Infinium Logistics, a European asset management and logistics solutions business, has acquired three new assets for its FleetHubs property investment platform – the world’s first dedicated EV fleet charging real estate fund.
The assets include sites in Heathrow, Sheffield and Surrey, and have been acquired for a total of £40 mln (€46 mln). The Heathrow Flightpath car park was bought from Aprirose and currently comprises over 700 parking spaces across four acres.
The deals take the capital deployed on behalf of the fund to over £70 mln to date, with further allocated follow on development spend of £50 mln and a large pipeline of assets in advanced discussion.
Infinium invests in FleetHubs, a new sustainability-focused asset class which combines commercial real estate and low carbon energy infrastructure, to create a new generation of parking and charging assets which drive the lowest price and lowest carbon electricity solution for global fleets.
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.’
The fund, which was launched in 2022 with £500 mln firepower, has GreenPoint Partners as fund manager and Infinium as asset and development manager. The platform’s first major investment was in Swindon and this was followed earlier this year by the acquisition of an EV charging facility let to Amazon in Banbury for £28 mln.
Infinium currently has an ‘extensive pipeline in advanced discussion’ through which it looks to develop a portfolio of electrified FleetHubs in key industrial locations across Europe. It is targeting brownfield sites of over three acres as close to key logistics hubs as possible.