Conran and partners has won an open competition to transform a historic Lambeth site into much-needed new homes in London.

The architecture and design practice has been awarded the contract to develop more than three acres of prime inner London land by Henley Homes plc, one of the capital's leading housing groups.

Conran's design team will create approximately 180 to 220 homes on the site of the former Lilian Baylis School in Lollard Street, using a mix of refurbishment, conversion and new build.

Some of the old school buildings built in the 1960s were Grade II listed in 2002 and will be preserved as part of the site plan.

The phased regeneration project has an estimated gross development value of £60 million. Full planning and listed building applications are anticipated in the summer 2012.

In order to meet London and the Borough of Lambeth's social housing shortage, a significant portion of the homes will be designated affordable housing.

Lee Davies, director at Conran and partners, said: "We were able to put together a very strong competition entry because our track record proves we have a real understanding of how both private and social housing works."