Alumno Developments plans to create a 196-bed site at the former Plumb Centre in Powis Place, which is close to Aberdeen University.

The design was approved after Alumno Developments made modifications to its initial plans to include additional car parking.

Despite being initially proposed as a “zero car” scheme, the site will now feature spaces for 20 vehicles and room for 70 bicycles.

David Campbell, managing director of Alumno, confirmed the company is now looking for “further opportunities” in Aberdeen.

Mr Campbell said: “Student accommodation is hugely under-supplied in Aberdeen.

“With some 32,000 people requiring rooms there remains a gap of almost 12,000 spaces in the city and we want to go continue to tackle that issue by developing more new facilities.

“Providing high quality accommodation adds significant value to what is already renowned as an excellent student experience in Aberdeen, enhancing its reputation as a key educational hub and boosting retention of a student body which contributes more than £470m per year to the economy - more than £350m of which is on off-campus living costs.”

The building will also have a glass frontage facing on to Powis Place, roof terraces and a range of amenities in communal outside and indoor spaces.

Preparatory works at the site are expected to begin later this year with construction expected to be complete by August 2016.