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University of Manchester reaches financial close on Fallowfield revamp

The project will be delivered in multiple stages, with the first 1,000 rooms targeted to open in 2028.

Anwesha Pattanaik August 05 2026

The UK’s University of Manchester has reached financial close on a £530m ($713m) redevelopment of its Fallowfield campus, paving the way for the delivery of 3,300 new student rooms designed to high sustainability standards.

The scheme, developed through a 50-year partnership involving the University of Manchester, Equitix, GRAHAM and Rothesay, is expected to become the world’s largest single-phase Passivhaus-certified student accommodation project.

The project will be delivered in multiple stages, with the first 1,000 rooms targeted to open in 2028.

Further phases, including shared amenities and the remaining rooms, are scheduled for completion in 2029 and 2030.

Accommodation planned for the site will feature a range of social and well-being facilities. These include a student bar, study spaces and bookable social, music practice rooms, and dedicated health and well-being amenities.

The five-neighbourhood complex will be organised around courtyards and landscape features that include new green spaces, habitats, active travel facilities and areas designed to encourage ecological resilience.

The university has stated that the project aims for “operational energy usage approximately 50% lower than conventional new-build student accommodation.”

The residences will pursue net-zero carbon operations using a combination of off-site manufacture, heat recovery, renewable electricity and sustainable building materials such as low-carbon concrete.

Biodiversity net gain of 11.7% is anticipated through new planting and the creation of green corridors and orchards.

University of Manchester chief property officer Barra Mac Ruairí said: “We are very pleased that by working in true partnership we looked for innovative solutions to opportunities and the inevitable challenges which working at such scale presents.

“Our new Fallowfield residences are going to be among the most sustainable in the world and are designed to deliver an outstanding student experience. I’m looking forward to working with our partners as we continue to develop the site.”

Students will continue to receive university-led residential support services, while maintenance will be managed separately to preserve a consistent experience across all halls.

GRAHAM Investment Projects strategic development director Neil McFarlane said: “Projects of this scale can only be delivered through strong collaboration between the public and private sectors, and reaching financial close is a major milestone that enables us to move into delivery.”

The financial model is intended to ensure investment in accommodation does not limit university spending in areas such as teaching and research.

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