The Elephant & Castle regeneration agreement between Southwark Council and Lend Lease was signed on Friday at the council's Tooley Street offices.
Campaigners from the charity ActionAid have asked shoppers at Asda in Old Kent Road to give 2p back to the supermarket to show the store's bosses they can afford to pay higher wages to workers in the developing world.
Southwark Council's cabinet this week agreed to enter a joint venture with Berkeley Homes for the redevelopment of the Potters Fields coach park site near Tower Bridge.
For the latest local news and events direct to your inbox every Monday, you need our weekly email newsletter SE1 Direct.