Lysara acquires three new sites for its EV fleet charging portfolio
News
October 3, 2023
Lysara acquires three new sites for its EV fleet charging portfolio.
Lysara, the European the pan-European energy transition infrastructure platform, announces that it has acquired three new assets for its portfolio of transport infrastructure. The assets include sites in Heathrow, Sheffield and Surrey, and have been acquired for a total consideration of £40m.
Lysara’s mission is to lead the world’s transition to sustainable energy through the development and operation of large-scale EV charging infrastructure powered by renewable energy. Lysara invests in a new sustainability-focused asset class which combines commercial real estate and low carbon energy infrastructure, to create the next generation of parking and charging assets which drive the lowest price and lowest carbon electricity solution for global fleets.
The electrification of fleets is not just good for the planet or the air we breathe; it makes undeniable economic sense. According to McKinsey, Battery Electric Vehicles (BEVs) will outperform Internal Combustion Engines (ICE) across all Light Commercial Vehicle types by 2025 and BEV fleets are predicted to have a 15-25% lower total cost of ownership than ICE vehicles by 2030.[1] But this is not just about cost efficiencies and economic sense; companies requiring fleet and logistics services are demanding carbon neutral commitments leading to better revenue growth for those pursuing a BEV future.
Heathrow
Lysara has acquired the Heathrow Flightpath car park for £22.5m from Aprirose. Located close to Terminals 2 and 3, the property currently comprises over 700 parking spaces across four acres and is occupied by a Meet & Greet airport parking operator. It offers a highly strategic location fronting the A4 and close to the airport, providing Lysara with a unique site from which to pursue its future decarbonisation plans. Colliers advised Lysara and Lambert Smith Hampton represented Aprirose.
Sheffield
Lysara has completed the acquisition of the three-acre site on Terry Street for an undisclosed sum. The property is currently known as the Insight Building and comprises an office building with associated car parking which was previously occupied by the vendor Insight. Set in a prominent location just off Junction 34 of the M1, the site is adjacent to Sheffield Arena and surrounded by warehouse hubs for leading UK logistics providers, including Amazon, Royal Mail, Parcel Force, FedEx and UPS. The deal represents an opportunity to develop a 200-space charging facility, interest in which has been shown from several end-users. CBRE advised Lysara and Savills represented Insight.
Surrey
Lysara has unconditionally exchanged contracts on the acquisition of a site in Surrey with completion due in February 2024. The intention is to further build out our portfolio here, developing critical EV charging infrastructure to support the significant need in the location. Further information will be released at the point of completion.
Get in touch to find out more about how Lysara can help you find the solutions you need.
