Infinium Logistics acquires Banbury EV charging facility

Infinium Logistics, a European asset management and logistics solutions business, has completed the acquisition of an EV charging facility let to Amazon in Banbury for £28m from Paloma Capital.

The deal represents the second site secured for Infinium’s property investment platform, claimed to be the world’s first dedicated EV fleet charging real estate fund.

Set close to the centre of Banbury and 1.7 miles from the M40 at Junction 11, the site sits on a principal arterial route between London and Birmingham. Arranged over 14.34 acres, the property comprises a 200,000 square foot warehouse operated as a 588space EV-ready fleet parking facility and let to Amazon, as well as a long-let Starbucks drive-thru.

Infinium said the deal represented an opportunity to acquire a core South East distribution warehouse and EV car park which Amazon has invested in, together with further asset management potential.

Tom Gough, investment director, Infinium Logistics, added: “With a lease to a key tenant in Amazon, with whom we deepen our existing relationship, the property provides immediate income for our investors alongside a medium-term opportunity to add value through asset management. This acquisition demonstrates our ability to think outside of the (big) box and transact in a period of general market uncertainty. We look forward to working with market participants to acquire additional c.5-acre sites near major urban centres where we can develop specialised vancharging infrastructure that enable our tenants to transition to electric vehicles.”