Anderson Group is set to be chosen as the developer on a 2,000-home regeneration scheme on the site of a former Ford car factory in Dagenham.
Construction News understands the car manufacturer is close to completing a deal for its stamping plant with the Chelmsford-based developers.
The firm is in discussions with Ford with a deal expected to be concluded soon. When completed, the 18 ha site could see up to 2,500 homes constructed.
The deal would be a major coup for Anderson, which specialises in upgrading disused land.
Current projects include the development of a 630-place school on a former quarry in Kent and the conversion of an old Cambridge landfill site into a new business park.
A spokesman for Ford told Construction News that “detailed negotiations were taking place with a preferred buyer” and that the sale of the site was on schedule.
The appointment of a developer for the site comes just a month after Countryside and L&Q were chosen as the firms to build a 3,000-home scheme at the nearby Beam Park site.
The Ford Stamping Plant and the adjacent Beam Park site sit within the London Riverside Opportunity area, which has been earmarked to provide 26,500 new homes.
Anderson declined to comment.