CITY DIARY - Business - News - The Independent

CITY DIARY

Time for a double celebration for property investment company Jones Lang Wootton in the United States.

It has just closed the sale of New York's Plaza Hotel six months ahead of schedule in its 20th anniversary year.

The deal, the largest single US property sale of the decade, sees the 808-bedroom hotel at the foot of Central Park transfer ownership from the socialite Donald Trump, Citibank and Commonwealth Bank of Australia to CDL Hotels of Singapore and Prince Alwaleed bin Talal bin Abdulaziz al Saud of Saudi Arabia.

Mr Trump still keeps a finger in the pie, though. He becomes a member of the Plaza's management committee and will be the developer for the partnership of the luxury condominiums on the hotel's top floors.

In late 1993 , when Plaza Operating Partners decided to sell the hotel, the US real estate market was beginning to show signs of life.

When Jones Lang Wooton was selected from among a dozen competing property and investment banking firms, its "Plaza" team went into top gear.

The team logged thousands of air miles as it travelled around the world to sing the hotel's praises.

A Young Turk has invaded the British Chamber of Commerce, according to a BCC spokesman. Christopher Greenall, 26, has been appointed as the new head of policy. Mr Greenall joins the BCC from the Society of British Aerospace Companies. Before that he completed an MBA in international trade and finance. The post is a new one for BCC but necessary "just to deal with the mound of paperwork". "Government departments just keep throwing paper at us," said an overworked BCCer - and we need to make sure we respond to the right things." In triplicate, I trust.

Gerry O'Neil, once of Kleinwort Benson and now at ABN in Ireland, is still keeping tabs on the London-based band Who Cares?, which he manages through his Gilt Edge music business. After a successful first gig in the City last week the band's CD is doing roaring trade in Our Price in Cheapside, which does not usually stock unsigned bands.

Band leader and song-writer Paul Dexter, who works at Midland Bank in the City, has his eye on the big time. He says fame, fortune and world domination are next on his career path of life. After all, he says, "my multi-million pound career is not going to happen at Midland".

New management methods at Nomura. Earlier this week, six systems analysts from Nomura Research, led by Martin Ince, set off on a team-building exercise of a different kind. Not for them the usual forge accross a river on a self-constructed raft of twigs and toilet-roll holders, or hikes across wild mountain side - this was big-time bonding.

Mr Ince took his team to a site overlooking Chelsea Bridge in London to bungee jump their way into working together. At 325 feet, the jump is one of Europe's biggest, or longest, drops, depending on your vantage point. According to a Nomura, Mr Ince had to go first as everyone else was too terrified. Even he had second thoughts. But all successfully lived to tell the tale. Next stop, walking on hot coals. Really.

News
Paper trail: the wedding photograph found in the rubble after 9/11 – it took Elizabeth Keefe 13 years to find the people in it
newsWho are the people in this photo? It took Elizabeth Stringer Keefe 13 years to find out
Arts and Entertainment
Evil eye: Douglas Adams in 'mad genius' pose
booksNew biography sheds light on comic genius of Douglas Adams
Sport
FootballFull debuts don't come much more stylish than those on show here
News
i100
PROMOTED VIDEO
Life and Style
Kim Kardashian drawn backlash over her sexy swimsuit selfie, called 'disgusting' and 'nasty'
fashionCritics say magazine only pays attention to fashion trends among rich, white women
Arts and Entertainment
TVShows like Agents of S.H.I.E.L.D are little more than marketing tools
Arts and Entertainment
Hit the roof: hot-tub cinema east London
architectureFrom pools to football pitches, rooftop living is looking up
Travel
travel
News
The ecological reconstruction of Ikrandraco avatar is shown in this illustration courtesy of Chuang Zhao. Scientists on September 11, 2014 announced the discovery of fossils in China of a type of flying reptile called a pterosaur that lived 120 millions years ago and so closely resembled those creatures from the 2009 film, Avatar that they named it after them.
SCIENCE
Life and Style
tech
News
ebooksAn unforgettable anthology of contemporary reportage
Arts and Entertainment
Matisse: The Cut-Outs exhibition attracted 562,000 visitors to the Tate Modern from April to September
art
Life and Style
Models walk the runway at the Tom Ford show during London Fashion Week Spring Summer 2015
fashionLondon Fashion Week 2014
News
Kenny G
news
News
peopleThe black actress has claimed police mistook her for a prostitute when she kissed her white husband
Life and Style
techIndian model comes with cricket scores baked in
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

SQL Developer - Watford/NW London - £280 - £320 p/d - 6 months

£280 - £320 per day: Ashdown Group: The Ashdown Group have been engaged by a l...

Senior BA - Insurance **URGENT**

£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...

Training Coordinator / Resource Planner - City, London

£35000 - £38000 per annum + Benefits: Ashdown Group: Training Coordinator / Pl...

Data Governance Manager (Solvency II) – Contract – Up to £450 daily rate, 6 month (may go Permanent)

£400 - £450 Per Day: Clearwater People Solutions Ltd: We are currently looking...

Day In a Page

Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

Exclusive extract from Janis Winehouse's poignant new memoir
Is this the role to win Cumberbatch an Oscar?

Is this the role to win Cumberbatch an Oscar?

The Imitation Game, film review
England and Roy Hodgson take a joint step towards redemption in Basel

England and Hodgson take a joint step towards redemption

Welbeck double puts England on the road to Euro 2016
Relatives fight over Vivian Maier’s rare photos

Relatives fight over Vivian Maier’s rare photos

Pictures removed from public view as courts decide ownership
‘Fashion has to be fun. It’s a big business, not a cure for cancer’

‘Fashion has to be fun. It’s a big business, not a cure for cancer’

Donatella Versace at New York Fashion Week