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Elimination by the power of the Crown, which manages assets belonged to Queen's has been very controversial because residents fear that they might be forced to leave their homes by increasing new owner rental payments.

However, Sir Stuart Hampson, President of the Estate, State said that Peabody "synonymous with safe and dynamic communities and responsible management".

Only 1 230, based in Tower Hamlets.Westminster, Lewisham and Camden, properties were not sold to a private company will stimulate residents. The price of 150 million from ￡ is also significantly below of the 250 m ￡ the power of the State was first thought to look.

State succession is to sell the property in its strategy to diversify its portfolio of property outside of London and reinvest capital in new developments.It is also selling a set of 25pc of Regent Street for about 400 m ￡ in one year more publicized sales propriété.Quatre funds overseas are running, including Future Fund the Australia and Norwegian sovereign wealth funds.

Peabody agreement is subject to conditions such as the maintenance of letting workers key to 90pc and legally bound to the "Backup existing frameworks rental and security provisions of the occupation of the existing tenants".a consultation on the sale was launched with residents, and a final decision by the Board of Directors the power of the State will be taken to its conclusion on 23 November.

Sir Stuart said: "anyone who cares about the future of affordable housing in the capital would warmly welcome this nouvelle.Peabody houses have been at the heart of London since 150 years and their name is a synonym for responsible and safe communities dynamiques.Nous hope residents and others take the time to understand Peabody proposals for the future management of these assets and let us know their views on the proposals."

The Chief Executive of Peabody, Stephen Howlett, added: "we are absolutely committed to keep these affordable properties .the ' succession of State workers housing key current commitment will not change if the selling continues."

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