Thirty-five per cent of the homes in the £120 million Countryside Properties scheme will be affordable and 22 per cent will be set aside for key workers.
The 4.25ha south-east London site, west of Catford town centre, was acquired by English Partnerships for its government-backed London-wide initiative. It is surrounded by railway lines and the River Ravensbourne. Savills, which acted as planning consultant on the project, helped to develop complex plans for the site.
A pedestrian square with 500m2 of shops will be created as a gateway for visitors from Catford and Catford Bridge railway stations. A footbridge will be built across the eastern railway lines to improve links between the area and the existing Catford community to the west of the site.
The scheme will also incorporate a comprehensive sustainable development strategy, including a combined heat and power plant with a biomass boiler. Construction work is scheduled to start in mid 2009.
Countryside Properties director Michael Hill said: "We are confident that we will trigger regeneration of the wider area. We will not only be delivering around 300 much-needed affordable homes, we will also be regenerating a derelict site and funding a package of nearly £2.5 million of improvements to the area."