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Knight Frank assists spread of electric vehicle charging points

The Pepper Mill EV Charger

London-based electric vehicle (EV) charging point developer Osprey Charging has ambitious plans to increase the size of its network by developing thousands of charging stations across the UK and has appointed Knight Frank as nationwide site acquisition advisor.

Osprey funds, develops, installs, owns and operates the rapid EV charging points. Target locations include out-of-town retail sites, shopping and leisure parks, drive-thru restaurants, roadside retail and food stores, business parks and industrial sites.

The company, which is backed by investment from Cube Infrastructure and Investec, provides fully funded and managed charging for which users require no membership contract and which utilise contactless payment.

Osprey’s boast is that every charging point will be supplied with 100% renewable energy.

Osprey helps landlords realise net zero aspirations cost free

Knight Frank’s head of energy, sustainability and natural resources David Goatman said that the Osprey expansion drive “allows landlords and developers to advance their own net zero aspirations at no cost, with Osprey developing and managing the charging points, typically on a 20 plus-year lease.”

On its website Osprey indicates that a landlord could receive about £100,000 for a parking space that might well have previously been underused.

The number of ultra low emission vehicles (ULEVs) registered in the UK, most of which are electric vehicles (EVs), has grown from 245,000 in Q3 2019 to 373,000 in Q3 2020, a 52% increase, according to recent research from Knight Frank. In its Electric Vehicles Report, the firm forecast that the growth will continue in double digits.

Charging points can also provide a new revenue stream for landlords, while having significant electric vehicle charging infrastructure is expected to help landlords to ‘future-proof’ their assets, the firm stated.