The freehold of the BAM Estate is owned by BAM Estate Ltd, a company set up by the residents for that purpose in 1977.
Each owner of a flat on a long lease (a leaseholder) owns One Share in BAM Estate Ltd, and that Share is transferred on the sale of the flat to the new owner. Only leaseholders can own the Shares.
There are 211 flats on the Estate of which 195 have been sold on long leases. There are therefore 195 shareholders in BAM Estate Ltd.