University Partnerships Programme (UPP) will work with the university and will be responsible for the design, build, funding and operation of the 1,182-room scheme.

East Park will be the university’s largest on-campus accommodation build since 2012.

Works are due to commence in early 2019 with phase one of the accommodation set to open from September 2020, followed by phase two from September 2021.

It will offer a range of room types and rent levels in flats for six to 10 students.

The plans include buildings set across three terraces with the constructions organised around a central green corridor offering space for social and interactive activities.

Sean O’Shea, group chief executive officer at UPP, said: “This news is a testament to the strength of our existing bespoke, long-term partnership with the university.

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“Since 2009, we have delivered and operated circa 2,500 high-quality and affordable purpose-built student residences on campus.

“Through the proposed development, we will help the university to maintain and enhance its reputation for delivering an internationally excellent education.

“We look forward to continuing to support the university’s strategic objectives and taking another step forward in this close relationship.”

Mike Shore-Nye, registrar and secretary at the university, added: “The East Park development will create more high-quality, on-campus accommodation for our students, reducing the pressure on the city’s housing stock, while strengthening our commitment to offer an excellent student experience.

“We will liaise closely with the local community to ensure the development process is a success for everyone.

“The East Park development is a significant project for the university, which forms part of our ambitious capital strategy to invest in our campuses, estate and infrastructure over the next 10 years.”