Orbit is replacing six 1960s tower blocks on the Larner Road Estate with 620 family homes for around 2,000 people. Work is scheduled to start on site from March 2013.
The five-year scheme is being funded by the Homes & Communities Agency and represents one of the largest projects of its type in London. Other partners are the London Borough of Bexley and architects Broadway Malyan.
The development will be co-ordinated by Orbit Homes and managed by Orbit South. It will include a mix of house and low rise apartments for rent, sale and low cost home ownership.
Wates Living Space was selected after a competitive tendering process.
Orbit Homes managing director Paul High said: “Wates Living Space has a fantastic track record of delivering high-quality homes. We are delighted to be working in partnership with them, local people, LLB Bexley and Broadway Malyan to transform this area.”