Having previously advised Centrica (British Gas) on their office relocation to No 4 Callaghan Square, this investment was being tracked long before it came to the open market.  Comprising 111,000 sq ft of modern, prime, Grade A office accommodation, the investment was acquired for National Grid UK Pension Scheme for £22.6 million reflecting a net initial yield of 8.51%.  No 3 Callaghan Square is multi let and No 4 is single let to GB Gas Holdings Ltd.