Lead housing association Orbit has signed up Wates Living Space for the £100m regeneration project, which is due to start work in March once the first of seven tower blocks have been torn down.

One of seven high-rises due to be demolished

The first phase of the scheme proposes building 66 homes for sale, 82 for shared ownership and 195 for rent to create a mixed community, with the first homes ready in early 2015.

The plan, partly funded by the GLA, is designed to completely regenerate the Larner Road area and the five-year scheme represents one of the largest projects of its type in London.

Geoff Brocklehurst, Director of Architecture at Broadway Malyan, said: “The planning green light is a major milestone in the creation of a new family-friendly neighbourhood that will be safe, permeable and legible and is testament to our London-based team of design experts working in a close partnership with the client and wider project team.”