In a statement to the stock exchange this morning, the developer said now only a section 106 agreement would need to be concluded for a package of planning, regeneration and transport improvements.
The scheme itself will include the construction of 125,000 sq m of residential and commercial space on the former Young's brewery site in Wandsworth. There will be a total of 1,036 apartments built under the plans.
Minerva chief executive Salmaan Hasan said: “I am delighted with today’s news as it represents a significant milestone for the project.
"The scheme, which combines important heritage buildings with contemporary urban development, will create a vibrant new destination in Wandsworth.”
The development was been hit by controversy after reports that rivals, including Land Securities, had lodged a series of objections to the plans. There has also been strong local opposition.