Redrow has won a 1,000-home regeneration scheme in London.
The housebuilder was named by Wandsworth Council as preferred bidder for work on the Alton estate, which will also include expanding retail provision and building a library, a health centre and a children’s centre.
The 10-year scheme will also see the creation of a park.
About 1,000 homes will be built, including re-provision of 158 council homes for secure tenants and construction of at least 30 new council homes.
Thirty heritage-listed sheltered housing bungalows, which featured in the film Fahrenheit 451, will be renovated to ensure they meet modern space standards.
Proposals will create a pedestrian and cycle-friendly environment, while improvements to local bus routes will also be explored.
Redrow will aim to provide local residents with jobs, training and apprenticeships through the contract.
The company will work with the council to devise a demolition and construction schedule prior to undertaking public consultation on detailed designs for the regeneration project and then applying for planning permission.
Redrow chief executive John Tutte said: “Having worked on a number of regeneration projects of this scale in the past, we fully understand the importance of placing local people at the heart of the process, which includes providing employment and apprenticeship opportunities to the local area.”
Mr Tutte last month warned it was “a real challenge” to build in central London.
He added: “The capital we put into London turns a lot slower than the capital we put into schemes outside London.”