Peabody also drew up plans for residential caretakers and improved security arrangements. But nearly 70% of the 453 residents turning out to vote opted this week to stay with the city council.
Graham England, Westminster's director of housing, said the residents' vote of confidence in the council's housing management was 'very heartening'. 'The voluntary transfer has given residents a chance to think about how their estate is run - and to choose who runs it', he said.
The grade two listed estate is owned by the Duke of Westminster. Under the transfer proposals, the 900 year lease would have transferred to the Peabody Trust, which already manages more than 2,500 properties in Westminster.
It will shortly be inviting companies to put in bids to manage the 1,700 unit Paddington Green estates and the1,200 unit Churchill Gardens estate.
l More than 2,000 Rother DC tenants this week voted against a proposed transfer of their homes to the Downland Housing Society. Had they voted in favour, it would have been the first large scale voluntary transfer to an established housing association.
Just over 79% of the council's 3,733 tenants took part in the ballot. Nearly 46% voted in favour and 54% against.