London mayor Boris Johnson has instructed the London Fire and Emergency Planning Authority (LFEPA) to accept a bid from developer Hadston to transform Southwark Fire Station into a secondary school and new housing.
The mayor also agreed to provide extra funding to LFEPA in case the sale is subject to legal challenge from other bidders.
Hadston will transform the fire station into a 1,100 secondary school, a number of homes and have also proposed to retain a museum on the site.
Leader of Southwark Council Peter John said: “It is important that this site is brought forward for community use and a new school on the site will help meet growing demand for secondary school places in the north of the borough.”
There will be consulted about an appropriate provider for the new school.