Custodian Capital chargers

Pod Point partners with Custodian REIT

Posted by Jade: Oct 12, 2022 2 min read

We're delighted to announce a preferred supplier partnership with Leicester headquartered property investment company, Custodian REIT.

As part of Custodian's wider ESG strategy to improve the energy performance of its portfolio, the investment manager is prioritising on-site carbon reducing technology, infrastructure and onsite renewables. The partnership with Pod Point is the result of its commitment to install EV charging across all retail warehousing sites by 2025, in addition to a phased roll out across office and industrial assets.

The agreement will see Pod Point install rapid EV chargers at twelve sites over 2022 and 2023, with a view to Custodian retaining the EV charging firm to continue its EV charging roll out across future acquired assets for both public and tenant use.

The twelve sites comprise nine retail assets and three workplace locations for use by Custodian’s commercial tenants. Each retail location will be installed with at least four rapid charging bays offering 75kW or 100kW speeds and will be made available at a competitive rate to retail customers. 7kW chargers will be installed in the office locations.

The retail rollout will include the following nine sites:

  • Gazelle Close, Reading
  • Harbour Road, Portishead, Bristol
  • Wellington Road Retail Park, Burton on Trent
  • St Catherine’s Leisure Park, Perth
  • Phoenix Leisure Park, Crewe
  • Coypool Retail Park, Plymouth
  • Duloch Park, Dunfermline
  • Kew Retail Park, Southport
  • Eastern Avenue Retail Park, Gloucester

Meanwhile workplace charging facilities are now live at:

  • Willow Court, Oxford
  • Trafford Park, Manchester
  • Lochside Way, Edinburgh

All of the electricity used to power the chargepoints across Custodian REIT assets are from 100 per cent renewable energy sources.

Commenting on the partnership, Richard Shepherd-Cross, Managing Director of Custodian Capital Limited (the Company’s external fund manager), said: “Pod Point is playing an integral role in helping us achieve our ESG goals while also enabling us to futureproof our retail and industrial assets as we transition to an electric future. The provision of EV charging across our retail estates also significantly enhances the properties’ occupier appeal by increasing customer footfall and dwell time. We are well on track to rolling EV charging points out widely across our portfolio.”

Erik Fairbairn, CEO of Pod Point added: “ESG has become an imperative for many investors and we’re delighted to be working with Custodian REIT to help them achieve their ambitious goals in this area.”

Pod Point’s expert installers carry out the consultation, delivery, installation, activation and ongoing maintenance of the EV chargers at each of Custodian’s sites. With the 75kW rapids, EV drivers can add up to 100 miles of range in under 20 minutes.1

1 Calculated using WLTP rated efficiency of Tesla Model 3 at 232 Wh/mile

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