Construction giant Vinci has been awarded a £90 million mixed use job in Streatham, on behalf of Tesco subsidiary Spenhill Regeneration and the London Borough of Lambeth.
The scheme includes a new 5,850 sq m superstore, affordable housing, a multi-storey car park, a bus interchange and a leisure centre with a swimming pool, fitness suite and ice rink.
Work is due to start this summer, with completion for November 2014.
Vinci is understood to have emerged as the front runner from a shortlist of five firms.
A Spenhill spokesman said, “We are delighted to see this important mixed use project get under way. The development will not only create much needed local employment but also provide quality residential accommodation acting as a real catalyst for regeneration.”
Vinci Construction UK director for Building Division South Geoff Cheek said: “We are really looking forward to working on this long-awaited new development in Lambeth which truly demonstrates a comprehensive and holistic approach to regeneration and mixed-use development.”