Morgan Sindall subsidiary Lovell will build more than 90 new homes are set to be built in in the south London borough across the four sites, including a hostel on the Old Kent Road.
The contract was awarded through the iESE SEaL (South East and London) framework.
Subject to planning permission, construction should start in spring 2014 with completion scheduled for early 2016. All homes will meet Level 4 of the Code for Sustainable Homes, making them 44% more energy efficient than properties built to current building regulations.
Morgan Sindall operations director David Diboll said: “This is a significant project for the borough, which addresses the critical need for more affordable inner-city housing. We’re very pleased to have the opportunity to work with Lovell to bring combined expertise and experience to bear on this ambitious development which will have such a positive impact for people living in the locality.”
Southwark Council is aiming to build 11,000 new homes over the next 30 years.