Michael Evans has once again proved he has a real knack for the big deals - only this time he has cashed in on a sale rather than scooping his competitors to secure a trophy building. His private investment bank Evans Randall has made a staggering £46 mln (almost EUR 70 mln) from the sale of Dutch bank ABN Amro’s City of London headquarters. Evans Randall raised some eyebrows in property circles when it acquired the property at 250 Bishopsgate from ABN Amro in a sale-and-leaseback deal in July 2005 for £184 mln - reflecting a record low initial yield at the time of 4.25%.
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