The £400m redevelopment plan will see up to 700 mixed-tenure homes built at Juniper Crescent and Gilbeys Yard estates next to the Camden Goods Yard site.

These two estates are separated by a large Morrisons supermarket, which is to be demolished to make way for a separate 600-home mixed-use scheme being jointly developed by house builder Barratt and the supermarket chain.

Countryside will jointly plan, design, fund and deliver the regeneration of both estates, subject to a positive resident ballot, over an eight-year programme.

A resident steering group has been part of the procurement team to select the joint venture partner following a vote to redevelop the site fully.

Residents will continue to be consulted prior to a final ballot in March 2020 to decide on the future of their estates.

Sketch of Juniper Crescent rebuild plan

Andy Fancy, managing director, Partnerships South (North and South), Countryside, said: “We are thrilled to be partnering with One Housing on this landmark mixed-use regeneration scheme in the heart of Camden.

“We are looking to deliver more than three times as many high-quality homes including affordable homes as well as ensuring that local residents benefit from attractive public open spaces and crucial local amenities – all vital in creating sustainable communities.”

Gilbeys Yard redevelopment plan

Under the plan residents living on the estates would be temporarily moved elsewhere while the building work took place, before returning to a brand new property on Juniper Crescent and Gilbeys Yard once they had been built.

Work on the estate rebuild should begin on the ground some time in 2020.