The council is constructing 18 high-quality flats on the Slippers Estate, on a site previously occupied by a car park and pram sheds.
Designed by Fraser Brown Mackenna architects, the development will offer a mix of one-to-three bedroom apartments, including a specially designed unit for wheelchair users.
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Recently, councillors, builders, and students from Bacon's College gathered to celebrate the 'topping out' ceremony, which marks the completion of the building's highest structural point.
Cllr Helen Dennis, Cabinet Member for New Homes and Sustainable Development, said: "We want everyone in Southwark to live in decent, safe and well-maintained homes, and building more genuinely affordable homes is a vital part of this.
"These new council homes in Slippers Estate will each transform lives and will help tackle the housing crisis in our borough.
"We're committed to building more homes in Southwark and working with Government to make sure councils can build the homes local people desperately need."
