Madrid/ Bloomberg Via Outlets is buying a discount fashion mall on the Spanish island of Mallorca from Varde Partners LP for more than 100 million euros ($112 million), Varde said in an e-mailed statement. Varde acquired Festival Park in December 2011 and tenants including Nike, Calvin Klein and Lacoste helped draw more than four million visitors last year, the company ...

London / afp Londoners are getting desperate over rising rents, with residents and students taking to the streets and social media over the cramped conditions tenants are forced to accept. With house-building lagging well behind the population increase in western Europe’s biggest city, prices are soaring beyond anything affordable. “The situation is becoming untenable,” said retired teacher John Ford, 60, ...

LONDON / AFP Europe’s airline sector is on course for further consolidation, while the region offers “massive opportunities” for growth, according to Carolyn McCall, chief executive of British budget airline EasyJet. “I definitely think there will be consolidation in Europe,” McCall told AFP in a recent interview held in EasyJet’s headquarters at Luton airport, north of London. And she believes ...