Bloomberg Wheelock Properties Ltd. sold a luxury home in Hong Kong’s exclusive Peak neighbourhood to an unidentified buyer for a lower-than-expected price tag of HK$830 million ($107 million). While it took Wheelock just three hours to sell the home, the transaction works out to HK$87,784 per square foot, more than 25 percent lower than estimates by some analysts. The sale ...

Bloomberg Home Retail Group Plcshares rose in early trading after a takeover of the Argos stores owner turned into a 1.4 billion-pound ($2 billion) contest. Steinhoff International Holdings Ltd., the owner of Conforama furniture stores in France and Bensons Beds in the U.K., said late Friday it plans to make a 175 pence-a-share cash offer for the British retailer, topping ...

Barcelona / Bloomberg The Majestic, a luxury hotel in downtown Barcelona, is bumping up room prices by two thirds as delegates including Facebook Inc. founder Mark Zuckerberg troop into Spain’s second city for the annual Mobile World Congress (MWC). “This is the biggest week of the year for hoteliers,” said Santiago Martin, communications manager for the Majestic Hotel Group. The ...