ONE of Oxford University’s newest buildings has been named after former Prime Minister Margaret Thatcher.

Billionaire Wafic Said paid £15m towards the extension of the Said Business School in Frideswide Square which was opened earlier this year by Prince Charles.

Mr Said asked for the new building to be named after Britain’s only female prime minister.

It has now been dubbed the Thatcher Business Education Centre and an event could be held in the future to mark the occasion.

In a statement, the Said Business School said: “The naming reflects the wish of the principal benefactor of the School, Mr Wafic Said, who was a long-time admirer of Margaret Thatcher.

“This wish was put before the appropriate university committees and has now been approved.”

Oxford University famously declined to give Mrs Thatcher an honorary degree in the 1980s because of the Government’s policies towards education and science.

Baroness Thatcher, who studied chemistry at Somerville College in the 1940s, died in April after a stroke.

Mr Said, who owns Tusmore Park near Bicester, declined to comment.