MAHINDRA Group has brought the BSA Motorcycles brand back to life in Birmingham where it was founded more than a century ago.
Classic Legends, part of Mahindra Group, unveiled the modern version of BSA Gold Star at the Motorcycle Live show in England’s second-largest city on Saturday (4).
The model, the first of the motorcycle company in 40 years, has retained the signature features of its predecessor. Classified as a modern classic, the new BSA Gold Star featuring a 652cc single-cylinder engine is engineered in the UK and built in India.
BSA has set up a technical centre in Coventry where the company intends to develop a new electric model. Earlier this year, the UK government awarded a £4.6 million grant to the company for the development of zero-emission motorcycles, as part of the low-carbon automotive initiative.
BSA (Birmingham Small Arms Company Ltd) which was founded in 1861 for the production of firearms, set up its motorcycle division in 1903. Its first motorcycle was introduced in 1910. By the 1950s, BSA became the world’s largest motorcycle maker. However, it became bankrupt in the 1970s and Mahindra Group bought the company in 2016, seeking to revive the brand.
Mahindra chairman Anand Mahindra said the next chapter in the brand’s history will be “an exciting ride”.
“BAS reigned supreme during the golden era of British motorcycles, renowned for their spirit and impeccable workmanship. We’re incredibly honoured to be showcasing a new model that captures the DNA of such a legendary brand, which stamped an undeniable mark on the world of motorcycling. The next chapter in the brand’s history is going to be an exciting ride,” he said.
Class Legends has already revived the Jawa motorcycle brand which it acquired through a licensing deal with the Prague-based Jawa Moto. In India, Jawa competes with its larger rival Royal Enfield, which has its roots in the UK.
Mago Capital acquires the 145,000 square foot Notting Hill Gate Estate for £180million.
Prideview Group plays key role, completing £200million in London deals this year
Eastway Estates to back Mago Capital’s future property investments.
Prideview powers Mago’s expansion
Mago Capital has purchased the 145,000 square – foot Notting Hill Gate Estate in London for £180 million from Frogmore and Morgan Stanley. The purchase is part of its push to expand its £500 million Central London portfolio, through Prideview Group deal. The company has been actively buying premium properties across Central London.
For Prideview Group, this is another important achievement. The firm has completed over £200 million in Central London deals so far this year, becoming a significant player in the premium property market.
"We've always believed in the long-term value of prime London real estate, and this deal reinforces that," said Jesal Patel, Principal at Prideview Group. "We were able to move quickly with Mago Capital to secure an exceptional property in one of London's most iconic locations."
Ed de Stefano from Tydus Real Estate, told BE news, "The Notting Hill Estate provided a fantastic opportunity to acquire a 100 per cent prime, recently redeveloped, mixed-use estate, in one of central London's most affluent submarkets."
The deal involved several specialists including Tydus Real Estate, Freedman + Hilmi, and Brotherton, showing how complex such large property purchases can be. Prideview Group's investment arm, Eastway Estates, sits on Mago Capital's board and will support their future property acquisitions.
Looking forward, Prideview Group wants to manage £1 billion worth of property within the next 12 to 24 months. The firm is looking to work with investment funds, property agents, brokers, and other property companies to buy more assets.
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