By Mario Marroquin
Just weeks after Oxford Properties Group and M7 Real Estate announced closing on seven logistics assets in Spain, the real estate investment firms and SSE Energy Solutions have announced plans to develop 300 charging facilities in the United Kingdom.
M7 Real Estate, SSE Energy and Oxford Properties, which invests in real estate on behalf of Canadian pension plan OMERS, will deliver electric vehicle charging stations at 20 of Oxford’s logistics assets in the U.K. within the next two years.
According to SSE, charging stations with up to 12 charging bays will be powered by traceable renewable energy by 2027. The EV infrastructure assets will be located in properties managed and operated by M7 on behalf of Oxford, and the first facility was delivered in September at Castlebank, Glasgow.
“Our assets have an important role to play in supporting the green infrastructure required to help our customers and communities make more sustainable choices,” James Boadle, senior VP at Oxford said in a statement. “This new initiative between Oxford, M7 and SSE benefits our retailers and shoppers alike with a fast, convenient way to recharge their EVs while shopping.”
SSE Energy is also in talks with M7 to expand the project to open up to 70 sites in the U.K. by 2025.
Oxford Properties acquired M7 Real Estate September 2021.