The company will work with Transport for London (TfL) to develop a vacant TfL-owned site in the Royal Borough of Greenwich into an area with hundreds of new homes, commercial, retail and office space, as well as an improved transport hub, and village square.
Following planning approval, work will start on the four-acre site in 2018, with the first homes available to buy by 2020.
The site will feature 50% 'affordable' housing and its the first in a series of TfL sites to be released for development last year to support the Mayor of London's manifesto pledge to unlock public land for thousands of new 'affordable' homes.
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Other announced sites include Landmark Court in Southwark, which has the potential to deliver a mixed-use scheme with 35% 'affordable' housing, and Fenwick South in Lambeth, which will provide 55 homes, which will all be social housing.
Graeme Craig, Commercial Development Director for TfL, said: "Naming our preferred bidder is an important step forward in transforming this long-vacant site. We were delighted with the quality of design proposed by Triangle London Developments, and are excited about working with them to create a thriving, vibrant place to live and work. This is the first of dozens of sites across London that we expect to bring forward in joint venture using our Property Partnerships Framework, and it is a great place to start."
Kate Davies, from Triangle London Developments, said: "It is a great honour for Triangle London to be selected as TfL's preferred partner for Kidbrooke, the first site awarded through the Property Partnerships Framework.
"The framework is a fantastic way of addressing the desperate need for more homes in London, and we are looking forward to partnering with TfL to deliver a great new community with much needed affordable housing."
(LM/CD)
