The 44-year-old is a former student of the university
The chairman of award-winning regeneration company Urban Splash, Tom Bloxham, has been named as the new Chancellor of University of Manchester.
The 44-year-old, who is a former student of the university, will be installed in his post in the autumn.
He will take over from the current joint chancellors, broadcaster Anna Ford and Tesco boss Sir Terry Leahy.
Urban Splash has won more than 200 awards for its projects, including those in Manchester and Liverpool.
Mr Bloxham graduated in 1986 in politics and modern history and in 2007 received an Honorary Doctorate from The University of Manchester.
He was appointed MBE in 1998 for his services to architecture and urban regeneration and has also been a trustee of the Big Issue charity, the Big Step.
The property developer also chairs Arts Council England (North West) and sits on the Arts Council England.
He said: "I am very proud, honoured and flattered to have been elected chancellor of the University of Manchester, the university I went to, and I am looking forward to this role.
"I believe there is a promising future for the university as it continues to develop into one of the world's great universities and plays an even more central role in the continuing regeneration of Manchester.
"I hope I can help contribute to its growing success."
He is the first chancellor to be elected into his post since the establishment of the University of Manchester in 2004, when the Victoria University of Manchester and the Manchester Institute of Science and Technology (UMIST) merged.