The firm was chosen by The Arlington Richardson Development Partnership.
The North East based national contractor will begin construction in the coming weeks following the completion of the final site enabling works, which have been ongoing since January.
The contract includes the construction of 70 percent of the entire Milburngate development, which makes up Phase One of the project on the six-acre riverside site.
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The announcement follows the project securing a £120 million forward-funding commitment from LaSalle Investment Management, which is enabling the delivery of the first phase.
Within Phase One will be premises for a number of nationally-recognised leisure operators including boutique cinema company Everyman, restaurant brands Marston’s Pitcher & Piano, Bar + Block, Miller and Carter and a 92-bed flagship Premier Inn hotel.
Tolent will also build 5,000 square metres of speculative offices, creating capacity for more than 400 new jobs, as well as 153 built-to-rent apartments.
The major regeneration scheme in the heart of Durham City is the latest regionally-significant project Tolent has been involved with. Its resumé includes Newcastle City Library, Sunderland's Beacon of Light and the UK headquarters of global financial services technology company Sage in Gosforth, near Newcastle.
