Lovell will be working with Islington and Shoreditch Housing Association (ISHA) to deliver the scheme at Mildmay Avenue.

The company will build 91 flats for open market sale including studio, one-, two- and three-bedroom flats  as well as 31 flats for affordable rent and 14 flats for New Build HomeBuy shared ownership through the housing association.

The new housing development will replace a number of light industrial units on the site, most of which have been empty for some time. Work on the 21-month scheme is set to start later this year, with the first new homes expected to be completed in early 2009.