The developer will work with the Council and local residents to regenerate the estate, which is the borough’s largest regeneration programme.
About 2,000 homes will be built over the next 10-12 years as part of the Cambridge Road Estate redevelopment, which will also include better community facilities and outdoor spaces.
According to Kingston Council, all of those who wish to stay on the regenerated estate may do so and the development will include social housing and homes for shared ownership and private sale.
"This is great news and an important step in the process to making the regeneration of Cambridge Road Estate a reality," says Councillor Liz Green, Leader of Kingston Council.
"Over the next few months, we intend to work with residents to ensure they are fully informed and can play a major role in the masterplanning process. With a focus on improving community facilities and increasing the number of council properties, we will work in partnership with residents to talk through exactly what they want to see in the future and how they can get involved."
The Council says it will work with the company to finalise the formal documentation, which is expected to be agreed by March 2019.