Work to install ultra-rapid electric vehicle charging hubs that can deliver an average of 12.5 kms of range per minute  of charging has begun in phase 1 of a joint project between SSE Energy Solutions and M7.
Energy infrastructure experts, SSE Energy Solutions, will build sites with between 8 and 12 charging bays. Most of the bays will have charging capabilities of up to 150 kilowatts which will allow drivers to resume their journey within 20 to 40 minutes of plugging in.
Engineering work is underway at two sites - the Gapton Hall Retail Park in Great Yarmouth and the Euro Retail Park in Ipswich - with work on four more sites expected to begin in the coming weeks.
It’s anticipated that by 2030 there will be up to 10 million electric vehicles on UK roads, but recent research by consumer organisation Which? found that nearly three quarters of EV owners are not satisfied with the UK’s public charging system.
The new hubs will represent the first round of charging stations installed on sites managed by M7 Real Estate (M7), the pan-European investor and asset manager specialising in multi-tenanted properties, as part of a two year programme.
Six sites are to be constructed in the initial phase of the project roll-out with hubs also being installed on locations in Hayes, Chelmsford, Colchester, Poole.
In response to concerns that sales of EVs was outpacing growth projections, the Government launched their ‘Electric Vehicle Smart Charging Action Plan’ in January. Developed with Ofgem, it sets out a roadmap for unlocking the enormous potential of smart charging in tackling climate change. SSE has already started the roll out of 300 of its own ultra-rapid EV charging bays powered by traceable, renewable energy by 2027.
M7 Real Estate Ltd is a pan-European investor and asset manager specialised in multi-tenanted real estate. M7’s team consists of over 230 staff operating across a platform spanning 15 countries and territories comprising the UK, Croatia, Czech Republic, Denmark, Dubai, France, Germany, Hungary, Hong Kong, Ireland, Luxembourg, the Netherlands, Poland, Portugal and Spain.
Established in 2009 M7 manages a portfolio of c. 620 assets comprising 54.5 million sq ft of GLA with a capital value of circa €6.9 billion.
M7 acts as an investment and asset manager to a series of funds that it has established and in which it co-invests alongside a large number of family office, high net worth and institutional investors. It is also appointed Investment Advisor to Alternative Income REIT, a UK listed property company and is the asset manager and AIFM for Mailbox REIT and M7 Regional E-Warehouse REIT which are both listed on IPSX. In addition, M7 also has a number of separate account mandates where it acts as a third party asset manager for the portfolios of institutional, family office and high net worth investors including M&G Investments. M7 also enters into joint ventures and currently has them with private equity firms including Blackstone.
Additional information about M7 can be found at www.m7re.eu.