The Covent Garden Estate was part of Beecham Estates and Pills Limited from 1924 to 1928, after which it was managed by a successor company called Covent Garden Properties, owned by the Beechams and other private investors. This new company sold some properties at Covent Garden, while becoming active in property investment in other parts of London. In 1962 the bulk of the remaining properties in the Covent Garden area, including the market, were sold to the newly established government-owned Covent Garden Authority for £3,925,000.[1]