Kier beat bids from Morgan Sindall, Vinci and Willmott Dixon to win the £25m Hall of Residence in Northampton town centre on the site of the St John’s surface car park.
The new Hall of Residence, which is due to be completed by December 2013, will comprise 464 bedrooms and be available for a mix of University of Northampton students, including postgraduates and international students.
Work on site will formally start in two weeks.
It is expected that the new development at St John’s will generate an extra £2.9m spending in the town each year. This is in addition to the £200 million to the University contributes to the regional economy every year.