The £18 million project is a six-storey facility located in Molineux Street, Wolverhampton and will provide teaching and social learning space for The University of Wolverhampton Business School.
It was revealed during the building’s official topping out ceremony on 27 May that it will be named after the University’s Chancellor, the Rt Hon Lord Paul of Marylebone PC when it opens in October.
Lord Paul has been Chancellor since 1999 and is chairman of the Caparo Group, a UK based industrial company with operations in Europe, Asia and North America.
University staff were joined by members of the project team, business leaders and the Mayor of Wolverhampton at the ceremony which was followed by a sneak preview of the progress of construction, including opportunities to tour parts of the interior.
Vice-Chancellor of the University of Wolverhampton, Professor Geoff Layer, said: “Lord Paul has been our Chancellor for a number of years now and recently committed to continuing in that position. He has done a lot for the University in that time and supported us tremendously, both here in the UK and internationally.
“He has truly been a great ambassador for the University and we feel it is right to mark his contribution in this way by naming the building after him. His story is inspiring and one that our students learning about business can take heart from, in terms of building up his business from next to nothing into a multi-million pound global operation.
“It is fantastic to see the progress of the building and it’s really taking shape on the skyline of Wolverhampton.
“Being able to see inside it really gives you a feel of what a great addition it will be to the University, its staff and students and to the city and we cannot wait for it to open and be buzzing with activity. It will provide even more opportunities in business education on all levels from undergraduate right through to working directly with professionals on their own development.”
The building is being constructed by Interserve Construction, was designed by architects Sheppard Robson and the build is being project managed by Gardiner & Theobald. Arup is providing engineering services.
Simon Butler, Interserve Divisional Director, said: “We are delighted to be involved with this fantastic new business school, helping to create and shape the future.”
When complete, the new facility in Molineux Street will provide teaching and social learning space for The University of Wolverhampton Business School, with the aim of adding to its growing reputation and engagement with the business community in the region.
Included in the proposed new building will be an executive education suite, innovative teaching and learning spaces, an IT suite, consulting rooms and a central social space and café.