One of the UK's most deprived inner-city areas, the 66ha site will be transformed under van Egeraat's scheme, with 90,000m2 of new commercial and retail space and 7,000 extra homes to be created.
Improved access, including more bus routes and safer streets, will be matched by new public spaces, refurbished parks and easier access to east London's waterways.
Canning Town's regeneration is being spearheaded by the London Thames Gateway Development Corporation (LTGDC). Chief executive officer Peter Andrews said: 'We are convinced of the potential for Canning Town, owing to its unique location between the thriving centres of Canary Wharf and Stratford and its proximity to the waterways and new green spaces.'
LTGDC is leading seven other Thames Gateway schemes, including Dagenham Dock, Barking Town Centre, Bromley-by-Bow, Rainham Village, the Lower Lea Valley Park, Wildspace (riverside conservation park in Rainham), and the Olympic Fringe area of Hackney Wick, Fish Island, Stratford and West Ham.