The contractor will build a total of 826 new homes as part of the 10-year regeneration programme at the Sighthill Transformational Regeneration Area (TRA).
The regeneration programme is being delivered by Transforming Communities: Glasgow, a partnership between Glasgow City Council, Glasgow Housing Association and the Scottish Government, with funding from the Glasgow City Region City deal.
As part of the development, a new road will be built across the Glasgow-Edinburgh railway line, as well as the introduction of a footbridge across the M8, which will connect Sighthill to the neighbouring city centre. In addition retail units, green space and commercial developments will also be created.
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Keepmoat is due to start work on site in late spring/early summer 2019.
James Thomson, the company's Chief Executive Officer, said: "Sighthill is a flagship development for Keepmoat Homes. As the largest project of its kind outside of London it is a very exciting opportunity to truly transform this area of the city, creating long-term benefits.
"We are delighted to have been chosen to work with Glasgow City Council and Glasgow Housing Association on this exciting regeneration programme and we will employ the greatest effort and care to ensure that the ambition of Transforming Communities: Glasgow is fulfilled and, as such, create an exciting, rich and desirable place to live, work and play."
Cllr Kenny McLean said: "The signing of this agreement between Glasgow City Council, Glasgow Housing Association and Keepmoat Homes is another milestone in the regeneration of Sighthill. The transformation of the area will serve as an example of what can be done in urban regeneration, with the creation of a fantastic neighbourhood immediately beside the city centre. We can now anticipate this work starting and being able to watch the skyline of both Sighthill and Glasgow change over the years. I look forward to working with all our partners on the Sighthill TRA on this exciting project for Glasgow."
(LM)
