The terminus of the Paddington Arm of the Grand Union Canal was originally known as the Paddington Basin and all the land to the south was developed into housing and commercial property and titled The Grand Junction Estate. The majority of the housing was bounded by Praed Street, Sussex Gardens, Edgware Road and Norfolk Place. Land and buildings not used for the canal undertaking remained after 1929 with the renamed Grand Junction Company, which functioned as a property company. While retaining its own name, it was taken over in 1972 by the Amalgamated Investment and Property Company, which went into liquidation in 1976. Prior to the liquidation the Welbeck Estate Securities Group acquired the entire estate comprising 525 houses 15 shops and the Royal Exchange public House in Sale Place.