SSE Energy, Oxford, M7 to roll out EV charging network in U.K.

Home Real Estate SSE Energy, Oxford, M7 to roll out EV charging network in U.K.

SSE Energy, Oxford, M7 to roll out EV charging network in U.K.

Energy infrastructure firm to build 300 EV charging stations.

October 21, 2022
Markets Group

Tags: Canada, UK

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.