Developer Opal Land joint venture was formed in 2011 by Galliford Try’s housebuilding business Linden Homes and registered provider Thames Valley Housing Association.
The Earlsfield project marks the third development for the joint venture and will consist of 193 homes across three different blocks, 45 of which will be affordable.
In addition, the project will create a new café and riverside walks and cycle links, with the development situated in close proximity to both King George’s Park and the River Wandle.
Galliford Try Chief Executive Greg Fitzgerald said: “As a group, we are constantly looking for innovative ways to bring housing schemes to fruition, and for our businesses to work collaboratively.
“We will continue to look to build on the early success that the Opal joint venture is enjoying.”