A total of 97.2% of tenants who voted in the recent ballot have voted in favour of the move. A total of 248 votes were cast in the ballot - run by an independent election service - representing 41.7% of those eligible to vote.

The clear majority unlocks £30m of investment from Caledonia delivering the regeneration of the Bellsmyre estate by replacing up to 250 unpopular flats with 150 new homes. There will also be a further £3m investment in the remaining stock over the next five years, including £500,000 for neighbourhood projects.

The transfer commitment also includes support for a Bellsmyre Residents Forum to ensure a strong residents’ voice from local people.

Louise Spence, chairperson, Bellsmyre Housing Association, said: “We are delighted at this result which is a strong vote in favour of the proposals and will bring considerable benefits for tenants and the community of Bellsmyre.”

Julie Cosgrove, chief executive of Caledonia Housing Association, added: “We are pleased that the people of Bellsmyre have put their trust in us to invest in the area for the benefit of everyone in the community. We have given a promise to maintain a local team in the area and all tenancy rights will be retained.  Once the formalities are completed, we look forward to progressing our plans without delay.”

The ballot ran from w/c 16 March and closed at 5pm on April 20.