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CapCo to cancel sale of $395mn venues business

  Bloomberg Capital & Counties Properties Plc canceled a plan to sell the Olympia exhibition center in west London, according to two people with knowledge of the matter. The landlord decided against a sale of its venues unit, which includes the property, before the U.K. voted to leave the European Union because it wants to retain the rent generated by ...

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Campari receives interest for villa worth over $330mn

  Bloomberg Davide Campari-Milano SpA has received interest from Middle Eastern and North American buyers for a villa on France’s Mediterranean coast that may be worth at least 300 million euros ($330 million) in a sale. Villa Les Cedres, which the Italian drinks maker gained in its acquisition of Grand Marnier Group, is being sold along with Grand Marnier’s two ...

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Airbnb’s ripple effect in Lisbon’s historic centre

  AFP Alfama, one of the oldest and most picturesque areas of Lisbon, is becoming a victim of its own charm. Short-term lets to tourists are driving up rents and driving out old residents. “They want to throw me out to rent my home to tourists,” complained retired salesman Antonio Melo, 70. His house has changed owners four times over ...

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