GMI Construction has scooped contract with Olympian Homes to build a £50 million student accommodation scheme on the site of a former cinema and Bingo Hall in York.

Located to the south east of the city centre, in the Fulford area, the 80,000 sq foot site will feature a four storey building comprising of 275 beds and facilities including a gym yoga studio, games room, co-working and group dining areas. In recognition of the location’s history the scheme will feature a cinema.

Other facilities will include integrated cycle parking and landscaped courtyards.

This is the latest purpose-built student accommodation (PBSA) development to be delivered by Olympian Homes, which is also active in hotel, Build to Rent, co-living and affordable housing sectors. This project is being delivered in partnership with funder Cain International.

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GMI has worked closely with Olympian Homes and its professional team throughout the Pre-Construction Services Agreement period to develop a buildable, cost-effective and sustainable design.

Construction is due to begin in the coming weeks, following the completion of archaeological works.

The site is located within an area of archaeological importance and adjacent to the Centra Core Historic Conservation Area. An open day displaying any finds will be held at the site once the archaeological works are complete.

Olympian Homes' scheme will be named Rialto House, recognising the famous cinema that once stood on the site. Opened in 1913 and demolished in 2003, the cinema played host to many famous performances, including The Beatles who performed there four times in 1963.

GMI, which will utilise a predominantly local supply chain on the project, is highly active in the PBSA market, with this new development brining the number of student beds it is building in York to almost 600.

This includes 303-beds at a scheme in James Street on behalf of York-based S Harrison Developments, which is currently under construction.

Andrew Hurcomb, GMI Construction’s Regional Director for Yorkshire, said: "We are delighted to have secured this contract with Olympian Homes, which is allowing us to continue to contribute to the creation of much needed purpose-built student accommodation in York. Rialto House is a great location, close to the city centre and the university campuses and will support the city in attracting students who want to study in this beautiful and historic city."