Bouygues UK has landed its first construction contract worth around £41.5m for a regeneration project in Barking, London.
East Thames and the London Borough of Barking and Dagenham (LBBD) have jointly awarded the project to the firm.
The joint entities have undertaken the responsibility of renewing the eastern end of the Gascoigne Estate in the UK municipality of Barking and will co-ordinate with each other for funding, design, construction and maintenance.
Under the terms of the contract awarded to Bouygues UK, the firm will be developing 190 homes initially as part of Phase One of the project, along with an energy centre.
The overall plan, which is a part of LBBD's Estate's Renewal Programme, includes provision for building 1,575 new homes, a secondary and primary school, green spaces and community centre over the next nine years.
Designs for the regeneration project have been formed by architects Levitt Bernstein and Allies & Morrison.
The planned new homes under the initial phase of development will have one to four bedrooms, and will be available with options of affordable rent, shared ownership and private sale.
First new homes at the location is expected to be available by 2018.
Design for the first phase of the scheme has already won a 'Project Award' at the Housing Design Awards.
Levitt Bernstein chairman Gary Tidmarsh said: "We are delighted that the new homes at Gascoigne East have been recognised as some of the best to be built in London.
"They will provide the opportunity to radically transform this part of Barking into a special new neighbourhood."
Image: The entire Gascoigne Estate development will include 1,575 new homes, a secondary and primary school, green spaces and community centre. Photo: courtesy of Levitt Bernstein.