The Arthur Street estate in Erith will be redeveloped in a £95m regeneration, bringing its three 13-storey tower blocks back into use.
Orbit is working with Wates on the scheme, which will see 80% of the units available for affordable rent.
Caroline Field, head of regeneration at Orbit, said: "We're delighted to extend our partnership with Wates to continue our important regeneration work in Erith.
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"The redevelopment of Arthur Street will be about more than just bricks and mortar. It will provide an inclusive community for local people who want to live and work in London, but who also want to live in a friendly community. It will be a great place for people to live both now and in the future."
Glen Roberts, Operations Director for Wates Residential, added: "We believe that everyone deserves a great place to live and the council's support for the regeneration of Arthur Street is recognition of our successful long-term partnership with Orbit, both in transforming the neighbouring Larner Road estate into the award-winning Erith Park, and now of our ambitious plans to further invest in Arthur Street.
"We very much look forward to starting work on this exciting regeneration project and to bringing our joint vision to life - delivering much-needed, high quality new homes for local people, while bringing further economic and social value to Erith."
The regeneration of Arthur Street is due for completion in 2022.
(CM/JG)
