Prupim has completed the purchase of National Grid House in Warwick for £61m

The fund manager announced today that it had bought the 244,192 sq ft (22,686 sq m) office at Warwick Technology Park, which is let to National Grid Electricity Transmission on a 20-year lease.

The deal reflected a yield of 5.45%.

Steffan Francis, Prupim’s head of institutional funds, said: ‘We expect to invest substantial sums this year in similar well-let investments across the sectors.’

Savills acted for Prupim; GVA Grimley advised National Grid.