Lend Lease has bought a site in Deptford with consent to deliver 905 homes and 158,000 sq ft of commercial space.
The land is based in the London Borough of Lewisham’s strategic regeneration zone and is a brownfield site.
Architects Hawkins\Brown worked with City & Provincial to achieve the consent and will be retained by Lend Lease to bring forward the scheme.
Lend Lease group chief operating officer and chief executive in Europe Dan Labbad said: “We have secured a strong residential pipeline in the capital.
“By recycling a number of mature assets, we have released equity in order to reinvest in regeneration areas such as Elephant & Castle, Stratford City and now Deptford.”
In June the company announced it had sold its 30 per cent stake in Bluewater shopping centre to Land Securities for a cash consideration of £656m.
Speaking to Construction News, Harper Dennis Hobbs head of retail consultancy Jonathan De Mello said further development of Bluewater was “definitely on the agenda”.