The £360m GDV scheme includes student accommodation, retail units, offices, science facilities, new and improved public spaces and a leisure area.

It is set to be the tallest structure in Birmingham at 53 storeys high and will replace industrial units constructed in the 1960s.

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Tani Dulay, chief executive of Woodbourne Group, said: “We’ve worked hard to reach this point and it is incredibly satisfying to stand on the brink of delivering such a world class development for a city I’m proud to call home.

“We need to help power the economic recovery by facilitating investment, creating jobs and acting as a catalyst to further success.”

Paul Kitson, director of place, prosperity, and sustainability at Birmingham City Council, said: “Curzon Wharf is an exciting project for Birmingham and builds upon our ambition to be a greener and more sustainable city.

“After six years in planning, we’re delighted that the development has been given the green light.”