The controversial scheme, which will see the demolition of a popular pop-up food market, scraped through Southwark’s planning committee in the face of local opposition.
Designed by architect Maccreanor Lavington, two of the four blocks will be landmarks in the area, rising to 38 and 44 storeys respectively.
The affordable housing content consisists of 230 homes in the form of social rent and shared ownership tenures, which is 35% by habitable rooms.

The bulk of the Borough Triangle site bounded by Newington Causeway, Borough Road and a railway line
Demolition and construction phases are expected to take nine years, starting in 2026 and finishing in 2034.
The full construction cost of the project is estimated at just over £600m.
The professional team used by Berkeley includes M&E engineer L&P Group, structural engineer Walsh and facades consultant Total Facade Solutions.
Councillor Helen Dennis, cabinet member for new homes and sustainable development, said: “We urgently need more affordable homes for local people and despite the many complexities around this site, I am pleased we have secured a policy compliant affordable housing offer – at 35% affordable including 25% social rent homes.
“That will deliver 153 homes for Southwark families on the housing waiting list which are desperately needed.
“The development will also deliver a 5,000 sq ft new community centre earmarked for the Latin American community and a new home for Mercato Metropolitano.”