Bouygues Development has secured financial close of the first phase of the Abbey Road Creative Industries Quarter scheme in the London Borough of Barking and Dagenham.
The two-phase project will see the construction of four blocks providing 272 homes and space for creative and commercial uses on the ground floor.
Phase one is due to start before the end of the year and will see 134 homes built in two blocks.
Nicolas Guerin Managing Director of Bouygues Development, said: “This is an important and exciting step in the wider regeneration of Barking’s town centre.
“We are really pleased to be working with London Borough of Barking and Dagenham towards enhancing this area of East London that holds potential for growth and that is set to become a destination of choice for residents and professionals alike”.