Newcore Capital’s CEO, Hugo Llewelyn, was pleased to contribute to a recent article by Ben Payton in Infrastructure Investor, exploring how the global rollout of EV charging infrastructure is creating both opportunities and new complexities for investors.
The piece highlights a shift from “growth at any cost” towards more selective, utilisation-driven strategies, as investors navigate policy uncertainty and uneven EV adoption across regions. While the US has seen a slowdown following changes to subsidies, Europe and emerging markets continue to demonstrate stronger momentum.
At the asset level, fundamentals are becoming increasingly important. As Hugo notes in the article, a “bifurcation” is emerging – with larger service stations better positioned due to their ability to offer a broader retail and leisure experience while customers charge.
This is reflected in assets such as South Mimms MSA, owned by Newcore, which now provides 60 EV charging points alongside a strong convenience and retail offering – illustrating how scale and amenity can drive resilience and long-term relevance.
For real estate-backed strategies, this reinforces the importance of location and adaptability. By leasing sites to operators, assets can evolve over time, with operators flexing the balance between petrol and EV infrastructure as demand shifts – leaving landlords less exposed to changes in vehicle mix.
At Newcore, we believe disciplined capital deployment and a focus on high-quality, well-located assets will be key to long-term success as the market continues to evolve.
Read the full article here.