Development partners Marrico Asset Management and Helios Real Estate are behind the Lisbon Street scheme, which will consist of a cluster of four high-rise buildings.

The partners plan to start work work next spring on 600 build to rent flats in 33 and 22 storey towers.

A further 550 student beds will be delivered in a 24-storey student block, a 15-storey aparthotel there will also be 150,000 sq ft of office space, along with further retail and leisure.

More than half of the site will be given over to gardens and landscaping

Marrico’s Partner, Mark Barnes said: “The Lisbon Street development will remove an unsightly site and deliver high-quality architecture and public realm, while creating an attractive and distinctive urban development in its own right.

“The scheme will reinforce the confidence in the continuing regeneration of the area, acting as a catalyst for further on-going investment and regeneration.”