Pramod Thomas is a senior correspondent with Asian Media Group since 2020, bringing 19 years of journalism experience across business, politics, sports, communities, and international relations. His career spans both traditional and digital media platforms, with eight years specifically focused on digital journalism. This blend of experience positions him well to navigate the evolving media landscape and deliver content across various formats. He has worked with national and international media organisations, giving him a broad perspective on global news trends and reporting standards.
INDIAN conglomerate Tata Group announced Wednesday (28) that its new multibillion-pound UK factory to manufacture batteries will be located in Bridgwater, south west England.
The £4 billion plant in the county of Somerset, southwest England, will be Tata's first so-called gigafactory outside India.
Agratas, Tata Group's global battery business confirmed that it will build Britain's biggest electric vehicle battery manufacturing facility in Somerset.
The so-called gigafactory, announced last year, will be built on the Gravity Smart Campus near Bridgwater in Somerset with a community-first approach, involving locals to learn more about and be a part of the project.
The company said the 40 GWh factory is set to contribute almost half of the projected battery manufacturing capacity required for the UK automotive sector by the early 2030s.
"Our multi-billion-pound investment will bring state-of-the-art technology to Somerset, helping to supercharge Britain's transition to electric mobility whilst creating thousands of jobs in the process, said Tom Flack, CEO of Agratas.
"We care deeply about the communities we operate in, so it's imperative to us that we work with, and listen to, our new neighbours as we build our factory in Somerset. That's why we'll be holding an event for local residents very soon, so we can share more about our plans and introduce our team to the community."
Agratas said it will work closely with local and regional partners, including Somerset council, Bridgwater and Taunton College, and the wider Gravity Smart Campus, to deliver bespoke education and training programmes in the region, creating local jobs for local people.
The factory itself will create up to 4,000 new high-skilled green tech jobs in the area, with thousands more expected to be created in the UK supply chain.
Residents living near the site of the future gigafactory campus are set to receive a leaflet through the post this week followed by regular updates on the site's progress.
Preliminary works on the site are in progress, with piling to establish the factory's foundations set to start in the coming months. Construction will be completed in phases, with battery production set to begin in 2026.
Tata Group firms Jaguar Land Rover (JLR) and Tata Motors will be Agratas' first customers and it also plans to create batteries for other applications, including two-wheelers and commercial vehicles, as well as commercial energy storage solutions.
Derived from the Sanskrit word agra, the company's name combined with "gravitas" stands for leadership and moving forward and reflects an ambition to be a pioneering power for future generations.
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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