Higgins Construction has been appointed to build the second phase of Hackney Council’s Colville estate regeneration in a deal worth £40m.
The contractor will build 110 new homes, 70 of which will be for social rent and shared ownership, with around 40 homes for sale.
The project will also include 129 sq m of new retail space and improvements to the estate such as new lighting and roads.
Work is expected to finish in 2018.
The project is part of the wider regeneration of the 400-home Colville housing estate, which is taking place over a 15-year period.
Hackney Council is demolishing the estate, with plans to increase the number homes to around 900.
More than half of these homes will be for social rent and shared ownership.
Developer Anthology was appointed last July as developer partner for the third phase of the regeneration, which will run parallel with phase two.
Anthology has plans to build 198 homes for private sale on the estate, which will help to cross-subsidise the affordable units across the estate.
The regeneration is part of a borough-wide, 18-site council housebuilding programme to deliver 2,760 new homes in London.