×


Home About Contribute Media Kit Contact Sign In
×







.


Property Industry News

Osprey targets North East for new EV charging hub sites


The North East is being targeted by an electric vehicle (EV) charging hub developer after the region saw a sharp rise in EV ownership.

Osprey targets North East for new EV charging hub sites


"We need to do all we can to improve the infrastructure for electric vehicles for environmental reasons and because people want the assurance that they can easily charge their vehicle"
Peter Bowden, Partner, Knight Frank



The North East is being targeted by an electric vehicle (EV) charging hub developer after the region saw a sharp rise in EV ownership.

 

Osprey is actively searching for ‘premium sites’ across the region, hoping to install thousands of rapid charging points close to major motorway and A-roads in urban and edge-of-town locations.

 

The move is encouraging news for drivers who, research shows, see a lack of charging points as a barrier to purchasing an electric car.

 

Knight Frank has been appointed to source locations and recent research by the firm shows the North East saw a substantial 1049% increase in EV registrations over the past nine years - with 5,555 electric vehicles registered in 2020 – up from just 349 in 2011.

 

The first North East sites to benefit from Osprey charge hubs are Tyneview Retail Park in Prudhoe; Willowburn Retail Park in Alnwick; and Northumberland Retail Park in North Tyneside – all of which are owned by Northumberland Estates. 50kW chargers were installed at the shopping zones to meet increasing demand from local and visiting low-emission drivers.

 

The EV points deliver around 80 miles of charge in 30 minutes (depending on car and battery), which matches the dwell times of the retail parks where tenants collectively include M&S, Aldi, B&M, Starbucks and McDonalds.

 

Backed by investment from Cube Infrastructure and Investec, Osprey offers fully funded and managed charging stations supplied with 100% renewable energy.

 

Peter Bowden, head of the Newcastle office at Knight Frank, said: “We are excited to be working with Osprey to source and acquire rapid EV charging sites. We need to do all we can to improve the infrastructure for electric vehicles for environmental reasons and because people want the assurance that they can easily charge their vehicle at work or at the shops, as well as at home.

 

"This opportunity allows landlords and developers to advance their own Net Zero aspirations at no cost, with Osprey developing and managing the charging points, typically on a 20+year lease. The Osprey solution is market-leading and we look forward to supporting them in the expansion of their charging network.”

 

Osprey chargers accept contactless bank cards as standard and require no membership or account.

 

Anthony Cape, Asset Manager, Northumberland Estates said: “Alongside other measures such as renewable energy opportunities and large scale tree planting; our company looks at opportunities to include EV charging points at our developments, beyond the minimum planning requirements.”

 

According to Knight Frank research into the rising demand for electric vehicles, the number of Ultra Low Emission Vehicles (ULEVs) registered across the UK, the vast majority of which are Electric Vehicles (EVs), rose by 52% during 2020, up from 245,000 in Q3 2019 to 373,000 in Q3 2020.

 

.


Property Business News - Demand for environmentally-friendly properties has increased as the pandemic has led to a shift in consumer behaviour, according to reports.


Demand for environmentally-friendly properties increases

Property Business News - A multimillion-pound cash injection at Newcastle s St James Gate development has delivered brand new offices and a major upgrade of existing office space which were unveiled at a glittering launch event yesterday Thur 23 Sept .


Multimillion-pound investment delivers new offices for St James Gate

Property Business News - Buying a house is an investment, and it s one that can keep increasing in value if you play your cards right.


Garden Goals The Cheapest Ways to Add Property Value

Property Business News - Warrington Housing Association has started the build of 30 new homes for affordable rent on the site of the former Penketh Tavern. To celebrate, a sod cutting ceremony was performed by the Mayor of Warrington, Mrs. Maureen Creaghan.


Mayor of Warrington performs sod cutting ceremony

Property Business News - The option to renovate your own house is clearly popular, with 2,600 monthly Google searches for house renovation in the UK and another 1,900 monthly Google searches for home renovation . Turns out, a lot of people are looking into fixing up their own property.


Reducing costs when renovating the house of your dreams

Property Business News - Three growing businesses, including a national housebuilder, have created two new office lettings and a lease renewal at Rainton Bridge Business Park in Houghton le Spring. National housebuilder Bellway Homes is relocating its headquarters from Darlington to a 7,200 sq. ft.


Three expanding businesses secure office space at Rainton Bridge Business Park






Ten Times Ten

We transform your bright ideas into brilliant digital products.