GS picks new lead director April 2, 2012 GOLDMAN Sachs named James Schiro as its new lead director yesterday, following the retirement of non-executives John Bryan and Lois Juliber. Former leader director Bryan, aged 75, will not stand for re-election in accordance with Goldman’s retirement policy, the firm said, while Juliber is leaving to spend more time on other work. Schiro will take [...]
Firms fight to clinch Whitgift mall overhaul April 2, 2012 PLANS to turn Croydon’s Whitgift shopping centre into one of London’s biggest malls reached a stalemate yesterday when its owners sided with two different developers, Westfield Group and Hammerson. The centre’s leaseholders Royal London Asset Management and Irish Bank Resolution, who together own a 75 per cent stake in the mall, said they had signed [...]
Livingstone brothers plan lift for Waterloo April 2, 2012 THE property tycoon brothers behind London & Regional, Ian and Richard Livingstone, are this week submitting plans for the £600m redevelopment of Elizabeth House, next to London’s Waterloo station. The scheme – a joint venture with Sir Stuart Lipton’s property firm Chelsfield – will see the 1960s office block on York Road knocked down and [...]
Luxury hotel in the City given the go-ahead April 2, 2012 SINGAPORE’S KOP Group yesterday won approval to convert 10 Trinity Square, a listed landmark overlooking London’s Tower Hill, into a luxury boutique hotel. KOP said in a statement yesterday that City of London had approved plans to turn the building – which was originally home to the Port of London Authority’s headquarters – into a [...]
Hilton site is sold to co-owner April 2, 2012 SHIRAZ BOGHANI, one of the co-founders of Splendid Hotel Group which was dissolved last year, has personally bought the site of the proposed Hilton Southwark hotel, one of the collapsed company’s two large unfinished projects. The Hilton development and the InterContinental London Westminster hotel near Scotland Yard were put up for sale in September after [...]
PROFILE: ROBERT NOEL TAKES THE REINS AT LAND SECURITIES April 2, 2012 Rob Noel yesterday took over the role of group chief executive of Land Securities, the UK’s largest commercial property company, from Francis Salway. Noel, 47, is highly esteemed in the property sector and joined Land Securities as the head of its lucrative London portfolio two years ago from smaller rival Great Portland Estates, where he [...]
NMC picks City for £117m float April 2, 2012 ABU Dhabi’s NMC Health yesterday raised £117m from a float on the London Stock Exchange (LSE), boosting hopes that the European IPO market is on the route to recovery. The Eurozone debt crisis almost killed off the equity markets in the second half of last year and NMC is only the second company to float [...]
Livingstone attacks Boris’s record on knife crime April 2, 2012 KEN Livingstone yesterday pledged to put a police officer in all of London’s 432 state schools as part of a major crackdown on knife crime. On the same day that Boris Johnson launched his policing manifesto, Livingstone accused the Conservative mayor of failing to confront a 16 per cent rise in knife crime in the [...]
ADVISERS April 2, 2012 Deutsche Bank has made a strong start to 2012, acting as a bookrunner on the last three major European IPOs: Dutch cable firm Ziggo, Swiss group DKSH and now NMC Healthcare. The NMC deal was led by Deutsche’s Christopher Laing, a managing director with responsibility for emerging markets in EMEA. Laing joined the firm in [...]
Trinity Mirror awarded chief £1.8m last year April 2, 2012 TRINITY Mirror chief executive Sly Bailey was awarded almost £1.8m worth of cash and shares in 2011 despite leading the newspaper publishing company to a 40 per cent drop in profits last year. Bailey, who has been chief executive since February 2003, took home a base salary of £750,000 in 2011. In the same year [...]