Mayor of London Boris Johnson has approved plans by developer Hutchison Whampoa Properties for a 3,500-home scheme at Convoys Wharf in south east London's Deptford.

The Mayor called in the application for his determination in November after Lewisham Council failed to issue a decision within the statutory 16 week determination period. In addition to the homes, the masterplan for the 16 hectare site also includes 15,500 square meters of employment space, shops, restaurants and a hotel.

“We are delighted that the Mayor has approved the masterplan for Convoys Wharf and that work can begin on delivering this £1 billion world-class development which will deliver 3,500 new homes and over 2,000 new jobs," said Hutchison executive director Edmond Ho in a statement.

"This decision will pave the way for an investment of over £70 million into local amenities, through section 106 commitments and the community infrastructure levy, whilst providing over 500 affordable homes, all of which will directly benefit local people. We look forward to working with Lewisham and local community groups in the coming years to deliver this scheme for the benefit of local people and the local economy,” he added.

The scheme will be delivered in phases over a 15-year construction period.