Developer Olympian Homes and investor Cain International said the 191-metre Cirrus Point scheme will be “the tallest PBSA building in the world and the tallest building in Leeds”.

Demolition is now complete at the Merrion Way site allowing main construction to start by RG Group on the 660-bed project which is due for completion in 2026.

Cain International completed a £500 million PBSA forward-funding deal with Israeli insurance firm Menora Mivtachim Group that will support the delivery of five major projects across UK university cities.

James Lindridge, COO & development director at Olympian Homes, said: “We are excited about delivering these high-quality assets in partnership with Cain International, RG construction and GMI Construction in an environment of strong economic headwinds.

“Olympian has a strong pipeline of opportunities, and this marks the delivery phase for two assets on our land book and a new partnership with Cain International.”