Leading commercial property and investment company London & Cambridge Properties (LCP) unveils its plans to install high-powered electric car chargers across its retail & industrial parks.
Working with electric vehicle charging network provider InstaVolt, the firm will place multiple charging points across a number of LCP’s sites over the coming months; making LCP’s retail and industrial parks among the first in the UK to benefit from InstaVolt’s new ‘ultra-rapid chargers’.
Barry Flint, Asset Manager at LCP, states: “The technology behind electric cars is moving quickly, so it was important for us to have a future-proofed solution across our portfolio,
“What’s exciting about these new charging stations is that they can be upgraded over time as battery technology evolves even further.”
InstaVolt’s stations are capable of charging at 12kW which halves the time taken from traditional rapid chargers at 50kW.
However, beyond the power output, the most impressive aspect of the charging project comes from the fact that the scheme is being undertaken at no cost to LCP.
InstaVolt’s unique approach of installing chargers for free and maintaining them for their lifetime ensures that LCP has no capital outlay. The commercial property developer also benefits by receiving regular rental income from InstaVolt’s usage of their land.
Commenting on the deal Adrian Keen, CEO of InstaVolt, said: “We’re working with an increasing number of property portfolio holders who understand the benefits electric car chargers can bring.
“As well as providing an additional service for existing visitors, they [the charging stations] can help to increase footfall and dwell time as EV drivers seek out the location and spend money locally while they charge.”
Featured Image: The electric charging points at Astle Retail Park, West Bromwich