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.
THE West Midlands, England's second biggest metropolitan area, is set to be boosted by the creation of 1,000 new tech sector jobs, the local economic development agency said on Wednesday (18).
The West Midlands Growth Company, which covers an area containing England's second city Birmingham, said the jobs would be created by the expansion of five tech firms, ranging from wireless communications to electric vehicle charging.
"These tremendous investments reinforce our region’s status as a destination of choice for ambitious companies across a wide range of sectors," Andy Street, mayor of the West Midlands, said in a statement.
The boost for the region comes two weeks after prime minister Rishi Sunak decided not to proceed with a high speed rail link between Birmingham and Manchester.
Street had been heavily critical of that decision, saying it would damage Britain's "international reputation as a place to invest."
On Wednesday he said the investments by the five companies were a "vote of confidence in us."
IT services firm Version 1 will create around 500 jobs, as part of its plans to open a new technology hub in Birmingham next year, while wireless communications company Novocomms Group plans 300 new jobs in the city over the next three years.
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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