On February 11, 1949, a colorful parade was held by the UP community from Padre Faura to Diliman with the Oblation statue at the center, symbolizing the transfer of the university to its new home. The event also coincided with the 40th year anniversary of UP.
By that time, the first two new buildings were already constructed inside campus - Malcolm Hall and Benitez Hall. Later on, Palma, Melchor, and Quezon Halls were erected. The existing structures used by the US military during WWII were converted into classrooms and laboratories.