The 33-storey building will house 454 students for specialist developer/operator Urbanest.
Balfour Beatty has previously delivered 2,520 units across five central London schemes for Urbanest as part of a long-running partnership.
Construction is set to begin at 5 Miles Street in Vauxhall imminently and is scheduled to complete in summer 2018.
Photovoltaic panels and a green roof will contribute to the building’s sustainability; a combined heat and power (CHP) unit will recycle heat and energy within the development.
Balfour Beatty regional managing director John Keaveney said, “We are looking forward to continuing our longstanding relationship with Urbanest. To date we’ve delivered over 2,500 units of student accommodation for Urbanest and over 20,000 beds for private sector customers and academic institutes as well as significant investment into a number of schemes.”
He added: “Vauxhall Square is an important part of London’s development by incorporating the local student population into the local community and we’re pleased to be a part of the wider project”.
Urbanest projects director Angus Kearin said: “We are also extremely proud to continue our close relationship with Balfour Beatty. The quality of their work underpins the need for close collaboration between clients and contractors and this partnership has been integral to our ongoing success.”