The £155 million redevelopment of West Ealing's Green Man Lane estate is led by joint developers Rydon and A2Dominion.
The development for St. John's Primary School has been given the go ahead by Ealing Council.
The three storey school building will provide places for 630 pupils, 210 more than the existing facility.
Plans include an expanded 100 place nursery and provision for 25 pupils with speech and language difficulties.
A rooftop play area will also be installed.
The old building will be replaced with a larger and more modern school designed by architecture practice Conran and Partners.
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Land adjacent to the school has been allocated for the new facility.
Funding will be provided by the council and is being subsidised by releasing the school to the developers for work.
A further 55 properties will be provided as part of an additional phase of the Green Man Lane redevelopment.
The permission includes 37 affordable homes that will form part of the Green man Lane estate.
The regeneration of Green Man Lane is a nine year, five phase project replacing 464 flats with a mix of 770 one to four bedroom homes.
The initiative will also provide communal facilities including an art café, eco-friendly energy centre, public parks, play areas and landscaped piazzas.
Work to Phase two is currently underway, delivering 187 new properties, including over 20 homes for wheelchair users.
Development Director of Rydon Construction, Tom Rigby, said: "Green Man Lane’s innovative regeneration is providing high quality homes, community space and now a much bigger and better new school building for West Ealing.
"The funds generated by the release of the additional housing land will ensure St John’s Primary School can accommodate the growing and diverse needs of the local community, whilst providing good value for Ealing Council."
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