Rothesay backs Fallowfield PBSA partnership as majority funder
Summary
Financial close has been reached on a £530m redevelopment of the University of Manchester’s Fallowfield student campus, backed by Rothesay as majority funder. The phased project will deliver 3,300 student bedspaces, extensive amenity space and a major sustainability-led build, with Gateway 2 approvals already secured for the first higher-risk buildings.
Why it matters
The scheme is a large-scale PBSA and higher-risk building project, so it is relevant to surveyors involved in student accommodation, development monitoring and building safety. Its Passivhaus ambitions, MMC approach and phased delivery also highlight current market expectations around sustainability and compliance in major residential schemes.
Key points
- £530m financial close reached on the Fallowfield campus redevelopment
- 3,300 student bedspaces planned, up 900 on current capacity
- Gateway 2 approvals secured for the first higher-risk buildings
- Project aims for Passivhaus status and is described as a major MMC-led scheme
- First 1,000 rooms due in 2028, with later phases completing in 2029 and 2030
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