Turing Building, T&M Real Estate, P.Google Earth 0
Siemens Energy has five years to run on its lease. Credit: Google Earth

T&M Real Estate snaps up Siemens Energy centre 

Dan Whelan

The Manchester investment firm has acquired the 27,600 sq ft Turing House at Didsbury Technology Park for more than £4m. 

T&M bought the asset after CBRE marketed the property for Siemens with a guide price of £3.5m. 

Located at Didsbury Technology Park, the building is let to Siemens Energy, which has five years remaining on its lease. 

In the long term, T&M envisages the building being used as a medical campus, given its proximity to the Spire hospital off Barlow Moor Road. 

Metis Real Estate acted for T&M on the transaction. 

A spokesperson from T&M Real Estate said: “Turing House, occupied by Siemens Energy, is an example of the high quality of business and talent Manchester holds and continues to attract.  

“The steady growth of businesses to Manchester, its wealth of new residential developments, and the expansion of Manchester University, reinforces our strategy to grow our portfolio within Manchester and Greater Manchester.” 

T&M is headed up by brothers Tayyab and Mustafa Kamani. 

Other assets in T&M’s portfolio include the 108-apartment Excelsior Works in Manchester.  

Earlier this year, T&M appointed Eoin McLoone as asset manager. He was charged with reshaping the company’s portfolio by seeking further opportunities within Manchester.  

Next year, the company is launching a facility that will enable Manchester-based companies to raise capital through a sale and leaseback facility. 

“We would be delighted to hear from businesses seeking to raise funds under such a facility,” McLoone said. 

Your Comments

Read our comments policy here