Student accommodation developer University Partnerships Programme has signed a deal with the University to raise finance and deliver the scheme.
Vinci has been on board drawing up construction plans for the project, which is hoped to start construction in this Spring.
UPP will raise the £80m required for construction and handle the design, construction and operation of the scheme of 12 student blocks varying in height from four to nine storeys.
A planning application to demolish several buildings on the Cottingham Road campus site was lodged in December.
The 43-year partnership between the University and UPP will provide a further 1,450 students with a room, helping to meet the growing demand for high quality, on-campus accommodation.
The proposed development will be situated on the west side of the campus, close to the £28m Health Campus currently being built by Interserve.
Nine accommodation blocks will form around a central plaza at the top of a ‘street’ with a newsagents and a central recreation area with a café.