At Cobalt Place on Surrey Lane, Battersea, Lend Lease will build 104 homes arranged across two buildings of five and six storeys.
The second development, Victoria Drive, will comprise 55 houses and 55 apartments.
So far this year Lend Lease has now racked up planning permission to build more than 700 homes in central London as it aims to become a leading house-builder.
Richard Cook, Lend Lease’s head of residential, said: “The shortage of new homes in central London is well known and we are looking forward to delivering more than 200 new homes at these two outstanding locations. We believe that the people who buy and live in these new properties will experience for themselves exactly why Lend Lease is one of the most trusted names globally in property and construction.”
“Our aim is to become one of the leading residential developers in the capital and we shall be looking to partner with landowners in both the public and private sectors to bring forward more new homes for Londoners in the next few years.”
In addition to the new homes, Lend Lease will also build new school facilities for the local Saint John Bosco College, as well as new community facilities nearby.
Lend Lease began work on its other major residential site in Central London, Elephant & Castle, earlier this year. The £1.5bn regeneration will deliver 3,000 news homes and more than 100,000 sq ft of retail and leisure space over the next 10 years. Construction has started on One The Elephant, a landmark 37-storey tower featuring 284 new homes, and Trafalgar Place, a development on the site of the former Heygate Estate which will house 235 units.