Construction of the project is scheduled to begin in mid-February next year, with completion expected in 2023.
Tilbury Douglas will initially focus on the building’s exterior to prevent further deterioration.
The new campus will feature a 26-storey office tower and a six-storey multipurpose building.
Plans include the development of an urban village with river view homes and public squares on a waterside site vacant since 2007.
The development comprises 169 two-bedroom, 189 one-bedroom and 17 three-bedroom apartments.
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The new 16,000m² student housing scheme will accommodate more than 400 students.