 The market halls and several other buildings in Covent Garden were bought by CapCo in partnership with GE Real Estate in August 2006 for £ 421 million , on a 150 @-@ year head lease . The buildings are let to the Covent Garden Area Trust , who pay an annual peppercorn rent of one red apple and a posy of flowers for each head lease , and the Trust protects the property from being redeveloped . In March 2007 CapCo also acquired the shops located under the Royal Opera House . The complete Covent Garden Estate owned by CapCo consists of 550 @,@ 000 sq ft ( 51 @,@ 000 m2 ) , and has a market value of £ 650 million . 
