The mixed-use scheme will provide 30,000 sq ft of new purpose built co-working office space alongside 121 new homes.

The project is understood to be worth around £50m according to former bidders.

Designed by Hutchinson & Partners, the scheme will provide 91 private apartments and 30 affordable and shared ownership apartments within two blocks rising to 11-storeys.

The residential element will sit over the new commercial space and parking provision on the lower ground floors.

Ardmore will oversee the completion of the current substructure contract, before starting the structural frame in Q4 2018. The project is expected to complete in Q4 2019.

Chen Moravsky, Labtech Group CEO, said: “We’re pleased to have appointed Ardmore for this development. They have a proven track record and we are confident that they will meet LabTech’s high standards.

“This is another project for LabTech that combines technology led co-working and serviced apartments within one urban community”.

Cormac Byrne, Ardmore’s managing director said: “It’s an honour to be chosen to deliver such an important project for LabTech – especially on a scheme that combines our extensive track record as one of London’s premiere residential contractor whilst building on our recent success in the commercial and office sectors.”