Uni names investor for £175m Fallowfield scheme
The University of Manchester has announced that it will partner with Abu Dhabi-based investor Mubadala Development Company to deliver the £175m Owens Park campus redevelopment.
The scheme will see 3,000 bedrooms built on the 70-acre site in Fallowfield. The plans include the demolition and rebuilding of the 2,200 bedrooms currently available and the provision of a further 800 bedrooms. This will compensate for the 800 rooms being demolished as part of the development of a new engineering campus on Booth Street.
The project is the latest phase in a £1.8bn investment programme in new facilities by the university across Manchester.
The first phase of units are expected to be ready for the 2018/2019 academic year, subject to finalisation of development plans and planning consents, with lettings managed by the University of Manchester's accommodation office.
Mubadala's subsidiary company Masdar is partially funding the development of the Manchester Graphene.
The university has submitted the final version of the Fallowfield Redevelopment Framework to Manchester City Council.