Capital & Counties is conducting a “strategic review” of the Olympia Exhibition Centre in Kensington, W14, which could lead to a £300m sale.
The company has appointed CBRE and Rothschild to consider options for the site, which was valued at £265m in Capco’s latest results.
The venue, which hosts events such as the Ideal Home Show and London International Horse Show, generated £9m in the six months to June.
According to a report in the Sunday Times a sale would include an adjacent site with planning permission for a hotel and 90 flats.
In a stock market update following the report, Capco said: “Following the successful transition of shows from the former Earls Court Exhibition Centres and a major refurbishment programme, Capco confirms that it is conducting a strategic review which may or may not lead to a sale of its Venues business.”
