Thursday 10 August 1995
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.
- 1 Scottish independence: Ireland since 1919 is a lesson for Scotland in what a Yes vote means
- 2 Thailand deaths: Pair's bloodied bodies found naked on Koh Tao beach
- 3 Lego breaks out of the toy box and heads for the gallery
- 4 Julian Assange and Edward Snowden join piracy mogul Kim Dotcom’s political campaign in New Zealand
- 5 Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Thailand deaths: Pair's bloodied bodies found naked on Koh Tao beach
Jihadi John': MI5 may have identified Isis militant who killed David Haines but options limited
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: Police will be on high alert on Friday whatever the result
David Haines beheading: David Cameron says Britain will hunt down Isis 'monsters' shown in video murdering aid worker
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
Salmond accused of laughing off national debt with ‘what are they going to do: invade?’ joke
iJobs Money & Business
£280 - £320 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
£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...