The proposed mixed-use redevelopment for the 2.2ha site will see expansion of the university’s Moulescombe campus.

The development on the Preston Barracks site and adjoining university land will include student accommodation of up to 1,316 beds, new academic buildings, 350 private residential units and 25,000sq ft of shops.

The development will also incorporate the Central Research Laboratory, a 55,000sq ft commercial building for start-ups and SMEs in the high-tech manufacturing space, which has £8m of funding from the Coast to Capital Local Enterprise Partnership.

Matthew Weiner, Development Securities said: “The regeneration at Preston Barracks offers the potential to bring forward a significant, £150m mixed-use redevelopment, that set within a wider mixed-use regeneration project, will transform this part of Brighton, creating a gateway to the north of the city.”