The University and Viridis consortium will now work together to further develop its DBFO delivery plans with the aim of reaching financial close by summer 2025.
The redevelopment will create modern, high-quality, purpose-built student accommodation on the Fallowfield campus. It forms part of a phased redevelopment to increase the supply of modern bedrooms and student socialising spaces to provide a supportive residential experience.
The University of Manchester’s proposal to redevelop the Fallowfield Campus to provide more high-quality, modern student accommodation was approved by Manchester City Council Planning and Highways Committee in January 2024.
The approved plans encompass the redevelopment of Owens Park, Oak House and Woolton Hall to meet the demand for student bedrooms in inclusive, safe and sociable surroundings.
Located near the University’s main buildings, the site is well-connected and provides students with a wide range of support services to ensure a world-class student experience.
On completion, the wider Fallowfield campus will offer up to 5,400 student beds by replacing the existing older accommodation on-site and delivering 3,300 updated bedrooms to meet the growing demand for high-quality, modern bedrooms across the popular campus.
The redevelopment will be delivered in multiple phases. Demolition of Owens Park Tower and surrounding buildings, which have been closed for several years, is ongoing and due to complete early in 2025.
Achal Bhuwania, Equitix CIO said: ‘Delighted that Equitix consortium has been selected to support the University of Manchester in its next stage of growth and development, to provide a world-class student living experience. This is further testament to the proven capabilities and commitment to UK greenfield infrastructure as well as supporting British supply chain partners. This win was achieved through our relentless focus on building trust and long-lasting relationships as well as providing best in class solutions with core focus sustainability & value for money.’
GRAHAM CEO, Andrew Bill said: ‘GRAHAM is delighted to be working in partnership with the University of Manchester to deliver its vision for the Fallowfield Residences Redevelopment Programme. Together, we will focus on creating an exemplar sustainable campus that will enhance the experience of the University’s next generation of students.’
The University of Manchester advisors for the Fallowfield Campus Redevelopment Programme are: RLB, CBRE, Student First Group, QMPF and Pinsent Masons.
The Viridis advisors are: Sheppard Robson (design), Operis (financial and accounting), Osborne Clarke (legal and tax), Howdens (insurance) and WSP (technical)
To view further information and to receive updates on the project, please visit the project website at Fallowfield student campus
