Tenants living on the Ethelred Estate have voted yes to transfer their homes to Watmos, a tenant-owned social landlord.
51% of tenants voted yes to transfer on an impressive 68.5% turnout.
Councillor Mark Harrison lives on the Ethelred Estate and campaigned for a yes vote. He said: 'this is great news for the Estate which secures its future for decades to come'.
'This will unlock millions of pounds of investment into the estate, preserve tenants' rights, keep rents affordable, and enhance tenant management'.
Mark spoke about the stock transfer at Lambeth Council's meeting on Wednesday, where he praised Watmos' 'unique model of housing ownership which fits in neatly with Lambeth's Cooperative Council agenda.'