The foundation stone for the new building of the Faculty of Management, University of Peradeniya was laid in an auspicious time on 15th January 2021 by Prof.Parakrama Karunarathne: Deputy Vice Chancellor, University of Peradeniya and Prof. Athula Ekanayake Dean, Faculty of Management, University of Peradeniya.

The proposed two storey new building will facilities on establishing the three centers under faculty AHEAD Project namely Skills for life, BIIES (Business Incubation and Innovation Ecosystem Services), and MERK (Management Educational Resource Centre) with some lecture rooms which will enhance the soft skills of the undergraduates.