The £5m building is another key part of the transformation of the waterfront area and provides a major new asset for Hull city centre.

The 350-space car park will support businesses in the Fruit Market and the wider city centre economy and encourage even more people to visit the area.

It is also part of the largest development of its kind in Hull for more than half a century, with construction continuing on the same site on a showpiece new head office for Arco,

The new offices will secure Arco’s future in Hull and provide a platform for further growth for one of the city’s biggest employers. Construction is nearing completion, with Arco staff due to move in by the early summer.

Once the Arco building is open, the multi-storey car park will have 200 spaces reserved for use by the company’s employees from Monday to Friday, with the remaining available to visitors. All 350 spaces are open to the public at weekends.

Dominic Gibbons, managing director of developer Wykeland, said: “The new multi-storey car park makes it easier and more convenient to visit the Fruit Market and is a major asset for the wider city centre.