The housing programme will create significant job and training opportunities locally including jobs for 25 people working in the trades.
Construction work on the 94 new houses is expected to start in spring 2014 with completion scheduled for early 2016.
All homes will meet Level 4 of the Code for Sustainable Homes, making them 44 per cent more energy efficient than properties built to current Building Regulations.
Councillor Fiona Colley from Southwark Council said: “I am pleased that contractors have been appointed for these sites and we can now press ahead with our plans to create 11,000 brand-new homes over the next 30 years for people in Southwark.”
David Diboll, operations director at Morgan Sindall, says: “This is a significant project for the borough which addresses the critical need for more affordable inner-city housing.
“We’re very pleased to have the opportunity to work with Lovell to bring combined expertise and experience to bear on this ambitious development which will have such a positive impact for people living in the locality.”
Lovell regional director, Peter Taylor, said: “There is a pressing need for new affordable homes in the capital and these schemes will play an important role in meeting the demand for quality, energy-efficient new housing in Southwark, providing homes for social rent and shared ownership properties which will help people take their first step on to the housing ladder.”