Electric vehicle charging network Be.EV has teamed up with property investment firm AAAZ Investments to install ultra-rapid EV charging bays at a site on Livesey Branch Road in Blackburn, adjacent to a Tesco Express store (BB2 5AY), according to a company press release.
Be.EV has invested £223,000 to install two Kempower 150kW chargers, which can deliver an 80% charge in just 20 minutes. The new infrastructure is expected to benefit both local residents and drivers making longer journeys, particularly given the site’s proximity to the M65 — a key commuter route with an average daily traffic flow of over 69,000 vehicles.
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Asif Ghafoor, CEO of Be.EV, said the partnership demonstrates how asset owners can prepare for the growing demand for electric vehicles by aligning with consumer needs. “As the EV transition continues to build momentum,” he said, “asset managers with shops will need to incorporate solutions that fit shoppers’ lifestyles.”
AAAZ Investments stands to gain from the deal, with ultra-rapid chargers potentially delivering an additional £4,000 in annual rental income per site. According to Be.EV, similar charging installations have also sparked commercial interest elsewhere, with one multi-tenant business park reporting a 20% increase in leasing inquiries following EV charger installation.
A spokesperson from AAAZ Investments said the firm chose Be.EV for its ability to deliver a seamless rollout and strategic advice. “It was important for us to work with an experienced partner… which is exactly what Be.EV has done,” the spokesperson noted. “This new site will be a welcome addition for local residents and drivers on longer journeys.”
The Blackburn site is part of broader efforts to ready Lancashire for a projected surge in electric vehicle ownership. Lancashire County Council estimates the region will need around 66,645 chargepoints to serve an estimated 240,000 EVs by 2030.
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By GlobalDataThis development comes shortly after the UK Government announced new subsidies of up to £3,250 for electric car purchases — a move expected to further accelerate EV adoption and enhance returns for infrastructure-focused landlords like AAAZ Investments.
