Private equity group Evans Randall has bought the De Brauw offices building in Amsterdam from Mahler 4 for €165m (£112m) at a gross initial yield of between 5.25% and 5.5%.

The building comprises 322,920 sq ft (30,000 sq m) and law firm De Brauw Blackstone Westbroek occupies 226,044 sq ft (21,000 sq m) of the space.

Evans Randall is looking to invest up to £2bn in property in Europe next year, focusing on properties with fixed increases on rents, long leases and strong covenants.

In the UK it has been an active investor. It is forward-funding Man Group’s new City of London headquarters for around £300m. Last year it bought HBOS’s City headquarters at 33 Old Broad Street for £197m at a yield of 4% from entrepreneurs Sir Tom Hunter, Nick Leslau and Bank of Scotland. It also bought the leasehold of 25 North Colonnade in Docklands from Canary Wharf Group in 2005 for £191m – a 5.2% yield.

CB Richard Ellis advises Evans Randall