The university recently agreed a 25-year nominations agreement covering the site, which will extend its partnership with Unite to 1,350 beds.
Planning for the development has already been granted subsequent to exchange.
The new scheme is expected to deliver 885 new beds, and will be completed for the 2019/20 academic year.
The total cost of the development is expected to be around £75m.
- Unite Students granted permission for 573-bed Manchester property
- 437-bed student property sold for £35.5m
- Unite Students exchanges contracts to acquire two schemes for £56m
Richard Smith, CEO of Unite Students, said: “This acquisition represents another exciting step in Unite's strategy of building long-term partnerships with high-quality universities.
“It also shows our ability to continue adding to our market-leading portfolio of buildings in locations where there is a shortage of affordable, high-quality student accommodation and we can exploit our service platform to drive operating efficiencies."