Keepmoat has won a £50m contract to build mixed-tenure housing in Westminster.
Around 195 homes will be built in the central London borough under the deal, half of which will be for open market sale and half for affordable home ownership and social rent.
The project will be delivered for Latimer, part of the Clarion Housing Group, which will sell 50 per cent of the scheme back to Westminster City Council.
The London borough made the site a priority regeneration project in 2010.
Approximately £20m of the profit Latimer will make from open market sales will be reinvested to support the remaining estate improvement works.
These works include the redevelopment of the 11-storey Tollgate House, under which 248 homes will be provided.
Construction News this summer revealed Keepmoat was one of 17 contractors that had scooped a place on Home Group’s £1bn framework.