The Cathedral Group has been selected by Lambeth Council to provide the ambitious ‘Future Clapham’ leisure and residential development, Property Week has reported.
The scheme will include a leisure centre, library, doctor’s surgery and be comprised of 40 per cent affordable housing.
Councillor Paul McGlone, Labour cabinet member for regeneration, was pleased to be moving forward with the scheme, as "local people and community groups have been asking for better facilities for their community".
Designed to be self-financing, the project will be completed in conjunction with housing association L&Q and cost £75 million.
Cathedral’s project director Martin Wood said: "Libraries and leisure centres are right at the heart of community services and our ambition in Lambeth is to build the best examples in the UK."
Despite having lots of commercial property and new offices, the UK is in need of more leisure developments to support the Olympics.
Recent reports have suggested there is a shortage of 50 million swimming pools, despite there being 12 million regular swimmers.
Looking for office space in London? Click here to find out more