Bouygues UK has been selected as the preferred contractor for phase three of the Battersea Power Station redevelopment project in London, in a deal valued at more than £1bn.
Phase three features a new pedestrianised high street called the Electric Boulevard. It will be the main gateway into the Battersea development, linking the Northern Line Extension station with the south of the site.
It will accommodate new 1,305 homes on either side of the 250m-long, split-level boulevard, offering 350,000ft² of space for retail, and food and beverage outlets.
West of the high street is Foster + Partners' Battersea Roof Gardens building that is to hold new homes, a hotel and a roof garden.
To the east is Gehry Partners' Prospect Place, a collection of five buildings ranging in height from 16 to 17 storeys.
It also includes Prospect Park, with its new community centre and children's playground.
Battersea Power Station Development Company CEO Rob Tincknell said: "The appointment of Bouygues UK as preferred contractor to build phase three, the gateway to the power station, is a major milestone and increases the total area under construction on-site to approximately 5m ft2.
"Bouygues UK demonstrated an impressive approach to the project and had a clear ability to address the challenges of the current London market, resulting in the best cost and programme outcomes."
Construction is ongoing on phase one, known as Circus West, and the second phase, the regeneration of the power station itself.
Work is scheduled to start on the northern half of the phase three site in the first quarter of next year, and end in 2019. The southern half is intended to run from 2018 to 2020.
Together, all three phases will comprise the largest single development project in central London since Canary Wharf.
Image: Gehry Partners' Prospect Place and Prospect Park. Photo: courtesy of Nine Elms on the South Bank.