Included within the plans is an increase in the number of available rooms from 300 to over 1,000, which it is hoped will reduce the demand for private rented houses in Reading.
Record graduate intakes in the past few years has meant that the university and its accommodation partner UPP require more high quality halls and facilities to meet the growing demand for on-campus accommodation.
According to Colin Robbins, director of estates and facilities at the university "it is important that the University of Reading offers the high quality accommodation that matches our world-class teaching and research".
St Patrick's Hall marks the next phase of a £275m investment into the student halls accommodation from the university and UPP. The redevelopment plans include extensive social space as well as improved catering and retail facilities.