Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Siemens’ UK HQ hits the market for £8.85m

Siemens’ UK HQ hits the market for £8.85m

Tue, 17 May 2022 | COMMERCIAL PROPERTY



The UK headquarters of German multinational industrial manufacturing conglomerate Siemens has been put up for sale, with offers of £8.85 million being sought for the site. The sale would be initially structured as a sale and leaseback, with Siemens set to remain in the property for “an initial” three years.

The site, Sir William Siemens House, is located on Princess Road, Manchester, with the wider campus forming part of the Didsbury Technology Park, a joint venture between Siemens, Manchester City Council, PJ Livesey and Bruntwood.

Sir William Siemens House is an 88,700 sq ft building located on the seven-acre campus, for which Siemens owns the freehold. The Art deco-style building was erected in 1990 as Siemens’ flagship UK office, before being designated as Siemens GB&I HQ for operations in 2019.

The sale is being handled by CBRE, with the asking price of £8.85 million reflecting a net initial yield of 9 per cent. CBRE has said that, once Siemens has vacated the property, the buyer will have the opportunity to either refurbish the existing site or undertake a new-build redevelopment.

While Manchester City Council holds a covenant on the site that states it has to be used for offices, CBRE has said that the site could be redeveloped for life sciences uses, subject to the relevant planning approval being gained.

Commenting on the sale process, Siemens said in a statement: "Siemens plc has decided to put its Sir William Siemens House location in West Didsbury up for sale with a plan to lease the building back for an initial three years.”

"The building will be put on the market and subject to offers received, we expect a decision will be reached on the sale by autumn 2022. Responsibility for running and maintaining the Siemens HQ will remain with Siemens plc throughout the leaseback agreement."


One of the best ways to find properties below market price is to look at recent administrations.

Find businesses for sale here.

For more on commercial property M&A, check out our insight on how changes in retail are driving shifts in commercial property.


Share this article



Latest Businesses for Sale

SAAS Platform With a Focus on Sustainability
UK Wide

An innovative SaaS platform with a focus on sustainability that allows utility companies to engage with their residential customers. The software promotes insights for sustainability, savings, electrification and decarbonisation, allowing utility co...

Asking Price: Offers Invited
Turnover: £838,000

RELOCATABLE


IT Solutions Specialist
UK Wide

The company provides effective, comprehensive and cost efficient IT solutions to a wide variety of clients. Services include secure networks, cloud services, cybersecurity and voice over internet protocol telephony. Has 50 active clients across a ran...

Asking Price: Offers Invited
Turnover: £610,000

LEASEHOLD


IT Telecoms Business
Lincolnshire, Yorkshire and the Humber, UK

Profitable and 10-year established telecoms and technology services company based in Lincolnshire complete with Freehold premises. With a large proportion of turnover coming from ongoing and retained client business, the company has a fantastic reput...

Asking Price: £950,000
Turnover: £500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
28
 
Jun
 

Administrators hopeful of finding buyer for Bristol transport firm | ADMINISTRATION

Bristol-based transport, trucking and railroad firm Toogood ...

 
27
 
Jun
 

Administrators seek buyer for listed pharmaceutical company | ADMINISTRATION

Listed pharmaceutical firm 4D Pharma Plc has fallen into adm...

 
24
 
Jun
 

E-commerce imports retailer up for sale for £1.6m | BUSINESS SALE

Deals Incorporated, a Manchester-based e-commerce retailer t...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
13
 
Feb
 

New owners at power grid firm after £9m MBO | MBO/MBI

The management team at one of the country’s leading se...

 
29
 
Nov
 

Invensys announces shock business sale | DIVISION SALE

Invensys has announced the sale of its rail signalling divis...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.