Legal & General has acquired a 13% stake in UK electric vehicle charge point operator, Pod Point.
The investment comes through the company's Future Cities business in an effort to create sustainable communities with good employment opportunities, high quality and varied housing in a digitally-connected and clean environment.
As the demand for electric vehicles continues to increase, so does the need for affordable, easy-to-use and easy-to-access charging infrastructure.
John Bromley, Head of Clean Energy for Legal & General's Future Cities business, said: "With an increased number of electric vehicles expected on the road over the next 10-20 years, the availability of home, destination, workplace and public charging points will be vital to support this growth. Our investment in Pod Point provides clear synergies across Legal & General's businesses, presenting opportunities to install Pod Point electric charging points across our real estate portfolio and in our new homes.
"Our investment in Pod Point anticipates a clean, electric and digital energy future that will be accessible and affordable for all."
Pod Point has already installed more than 60,000 charge points across the UK and Norway, and recently announced one of the largest destination charging partnerships to date in Europe. Legal & General's investment in Pod Point will support their strategic expansion, accelerating the growth of the business as it continues to help UK drivers adopt clean transportation by building a network of intelligent electric vehicle charging stations across the UK.
Erik Fairbairn, CEO of Pod Point added: "Legal & General's Future Cities' business is a great fit for Pod Point's own vision, which is for travel that doesn't damage the Earth. By welcoming Legal & General on board as a shareholder it feels like we're one step closer to achieving this ambition. The growth capital provided will enable us to continue developing industry leading EV charging solutions and increase the range of locations EV drivers will be able to charge on a Pod Point across Legal and General's vast real estate and homes portfolio."
(CM/JG)
Construction News
05/03/2019
Legal & General Acquires Stake In Pod Point


11/07/2025
Story Homes has submitted a full planning application to South Ribble Borough Council for a proposed new residential development in Longton, aiming to build on the success of its nearby Longton Grange scheme.
With the majority of homes now sold at Longton Grange, the developer is looking to meet co

11/07/2025
Essar Energy Transition (EET), through its subsidiary EET Property Limited, has completed the acquisition of Thornton Science Park.
The 66-acre site includes purpose-built laboratories, industrial facilities, and office space, and is set to play a central role in EET's ambition to create one of Eur

11/07/2025
Families are preparing to move into four newly completed houses for affordable rent at the Malthouse Meadows development in West Sompting, Adur.
The latest handover marks a key milestone in the delivery of high-quality, energy-efficient homes aimed at addressing local housing needs.
The four fami

11/07/2025
Galliford Try's project team at the Syngenta manufacturing site in Huddersfield has been shortlisted in two categories at the 2025 Constructing Excellence (CE) Yorkshire and Humber Awards, celebrating the success and resilience of a long-standing partnership spanning over two decades.
The team has

11/07/2025
Cambridgeshire County Council has appointed Morgan Sindall Construction to deliver a new secondary school at the heart of the Alconbury Weald development, continuing its investment in the region's educational infrastructure.
The new school, named Alconbury Weald Church Academy, will be run by the D

11/07/2025
Passengers and residents in Stone, Staffordshire, are being urged to prepare for a £7 million-plus package of railway upgrades set to improve safety, performance and long-term reliability on the West Coast Main Line.
The work, scheduled to take place during the summer school holidays, will include

11/07/2025
A ceremonial tile signing has marked a major milestone in the restoration of the historic Pippbrook House, as roof-level works near completion on the Grade II* listed building in Dorking.
Chair of Mole Valley District Council (MVDC), Councillor Roger Adams, led the event, joined by a host of guests

11/07/2025
ACS Construction Group has been appointed Principal Contractor by GE Vernova for a major infrastructure expansion at its Stafford HVDC Transformers facility, part of the company’s drive to support global decarbonisation through advanced transformer technology.
ACS commenced with the Test Supply Bui

10/07/2025
Vistry Group has agreed two major deals with housing provider Abri to enable the delivery of almost 200 affordable homes across Hampshire, marking a significant step forward in addressing local housing needs.
In Funtley, near Fareham, Vistry has completed a simultaneous land acquisition and forward

10/07/2025
Caddick Construction has officially completed its first Midlands project with the handover of Mansion House, a six-storey residential development comprising 58 new apartments, to joint venture partners Urban Splash and Places for People.
Located on the 43-acre Port Loop island alongside Birmingham