The scheme was awarded to Wates as part of Barking regeneration company Be First’s framework, which saw the firm alongside Willmott Dixon and McLaren secure a place as delivery partner for projects over £10m.
The framework will be used to deliver a £1bn programme to regenerate the east London town centre.
Phase one of the Gascoigne Estate West project will see part of the 1960s estate redeveloped as 200 new homes with over 40 per cent affordable.
Work is expected to start in February next year and continue into 2022.
Eventually, more than 526 homes are planned across 11 new buildings at the East London council estate, of which 65% will be affordable rent or shared ownership, and 35% for private sale.
Be First, Barking and Dagenham council’s regeneration company expects to set new environmental standards, by embracing designs by Scandinavian architects White Arkitekter.
Iain Ferguson, commercial director of Be First, said: “Wates Residential has a great track record in delivering quality homes and pursuing progressive employment policies which is something we’re really keen on at Be First.”
Paul Nicholls, Managing Director of Wates Residential, said: “We are extremely proud to have been chosen for the Be First Development Framework having demonstrated our ability to form genuine partnerships and create great homes for local communities.
“Through this project, we will deliver new high-quality affordable homes and will create a lasting legacy for the community in Barking through our investment in education, skills and training.”
As part of the project, Wates Residential will also deliver a lasting legacy for the Barking community through its investment in education, skills and training.
It is one of several projects for Wates Residential in the capital. Among its partnerships is a £1bn joint venture regeneration project with Havering Council, which will deliver around 5,000 homes over the next 12 to 15 years.
The appointment also follows Wates Residential’s successful regeneration of Larner Road into the award-winning Erith Park in Bexley.