Infinium Logistics, the European asset management and energy transition company, has completed the acquisition of two adjoining sites for £15 million. Totalling more than four acres, the land is located on Motherwell Way in West Thurrock, an industrial area east of London near Lakeside Shopping Centre.
Infinium is working with customers on proposals for an electrified fleet hub, a parking and charging facility that can accommodate up to 500 vans.
Tom Gough, investment director at Infinium, said that the acquisition was a strategic milestone for the business as it works to expand its capabilities in electrified transport infrastructure.
He said:
The site’s prime location and our development plans align perfectly with our mission to deliver optimised facilities that meet the growing demand for efficient and low-carbon transport. We are excited to integrate these new sites into our platform and look forward to the positive impact they will have on the local community and the broader energy transition efforts.
The strategic location of this site, says Infinium, offers proximity to key parcel carrier hubs in Essex and north-east London serving a large population. Additionally, its proximity to Lakeside Shopping Centre provides opportunities for local businesses to utilise its fleet hub model.
Phil Bayliss, CEO of Infinium, said:
As we continue to build our platform and capabilities, strategic acquisitions like this one enable us to meet the growing demand for EV infrastructure. As the total cost of ownership (TCO) of EV continues to decrease, we anticipate fast growing demand for this essential infrastructure.
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