LaSalle Investment Management has acquired a Morrisons supermarket in Plymouth for £22.5 million on behalf of a UK Custom Account client. The 62,000 sq ft store on Outland Road sits on a six-acre site and is fully let to Morrisons with 21 years remaining on its CPI-indexed lease. The store serves the city's largest exclusive grocery catchment and ranks among Morrisons' top-performing national locations.
Bain Capital and Omnam Group have completed the sale of The Lake Como EDITION to Sansiri Capital, the hospitality trophy asset fund of Thai developer Sansiri Public Company Limited. The deal follows the March 2026 opening of the five-star hotel. The joint venture partners acquired the 19th-century Cadenabbia site in late 2021, converting it into a 148-room resort featuring a new spa, floating pool and beach club.
Precast concrete manufacturer Metromont has acquired engineering firm PTAC Engineering, LLC from PTAC Companies. Effective 5 October 2026, the deal brings PTAC Engineering’s four offices across Florida and Alabama into Metromont’s operations. The acquisition formalises a 25-year working relationship during which the two companies collaborated on hundreds of precast concrete projects, expanding Metromont's in-house structural design and engineering capabilities.
Duetto has acquired FLYR Hospitality, adding automated revenue management and business intelligence tools to its existing Revenue & Profit Operating System. The acquisition incorporates advanced AI capabilities, real-time pricing and conversational analytics into Duetto's product suite. The combined technology aims to serve both independent hoteliers and large hotel chains by delivering total commercial performance insight across top- and bottom-line operations.
Banyan Group has acquired a majority stake in Cape Town-headquartered Newmark Hotels & Reserves through a phased structure leading to full ownership. The transaction adds 26 managed properties across seven African countries to Banyan Group’s portfolio, expanding its reach to nearly 130 hotels, resorts and reserves globally. Newmark will continue operating under its existing brand, leadership and local management structure.
Japanese trading firm Mitsubishi Corporation has agreed to acquire an additional stake in Philippine conglomerate Ayala Corporation for approximately JPY 120 billion. The deal follows a share repurchase by Ayala through a tender offer, raising Mitsubishi’s voting interest to 20 per cent upon completion in FY2026. The expanded strategic alliance will target growth across financial services, telecommunications, retail, real estate and energy sectors in the Philippines.
