Property law

Government call for evidence on rent welcomed

07-Apr-2021 By Emily Hawkins

The Government’s call for evidence on commercial rent debts has been published with operators encouraged to complete the online survey.

13 community-owned pubs opened in 2020

31-Mar-2021 By Stuart Stone

A new report from community business charity The Plunkett Foundation has uncovered increased demand for support to help communities regain control of essential local services over the past year.

‘Bail out pubs struggling with rent debt,’ Lib Dem leader urges Government

30-Mar-2021 By Emily Hawkins

The Government should help struggling pubs by offering to cover up to 80% of their rental costs, Liberal Democrat leader Sir Ed Davey has urged.

Property round-up

RedCat set to acquire 40 Stonegate pubs, Inn Collection and Oakman expand, Brighton Pier Group downsizes

30-Mar-2021 By Stuart Stone

In addition to news of planned RedCat and JD Wetherspoon expansion, the Inn Collection Group and Oakman have added landmark sites.

Property round-up

Punch spends £1m on pub gardens, ‘illegally destroyed’ pub to reopen

24-Mar-2021 By Stuart Stone

The nationwide operator of more than 1,000 pubs, Punch, has invested £1m in outdoor spaces ahead of the proposed reopening of 662 of its sites on 12 April, while the 'illegally destroyed' Carlton Tavern is poised to reopen after being rebuild...

Iconic ‘illegally destroyed’ pub set to reopen in April

22-Mar-2021 By Nikkie Thatcher

A historic London pub, which was ‘illegally knocked down’ six years ago is planning to reopen this spring.

Property round-up

Camden Market's ‘first ever pub’, Young’s announces new openings

17-Mar-2021 By Stuart Stone

Following a four-month delay Camden Market's ‘first ever pub’ is poised to open, while pub operator Young’s has announced two new additions to its 200-strong estate.

Eviction ban extension ‘sensible and positive step’

10-Mar-2021 By Nikkie Thatcher

The ban on commercial evictions has been extended by a further three months to 30 June, housing secretary Robert Jenrick has announced.

Property round-up

Twickenham Green Taverns and Oakman grow estates, Barkby eyes pub expansion

10-Mar-2021 By Stuart Stone

In addition to updates on a host of refurbishment projects, this week’s round-up includes expansion news from Twickenham Green Taverns and Oakman.

Westminster Government ‘shown up by Holyrood’ on rates relief

04-Mar-2021 By Emily Hawkins

English pubs were granted a three month full extension of the business rates holiday while Scotland and Wales will see a year-long extension.

Spring Budget 2021

Rent debt remains ‘biggest gap’ in hospitality support

03-Mar-2021 By Stuart Stone

Despite broadly welcoming the provisions set out in the Spring Budget, trade body UKHospitality has flagged that a ‘£2bn millstone’ still faces pub, bar and restaurant operators.

Spring Budget 2021

Business rates holiday will now end in June

03-Mar-2021 By Nikkie Thatcher

Pubs will not have to pay any business rates until June this year – an extension of three months, Chancellor Rishi Sunak has announced in the spring Budget.

Property round-up

Site closed every 48 minutes, pub applications almost double, £150m community ownership fund

03-Mar-2021 By Stuart Stone

While new research revealed that on average 30 licensed venues closed per day since December 2019, figures from FindMyPub.com found that pub applications almost doubled during 2020.

Extend commercial eviction ban until July, campaign urges

25-Feb-2021 By Emily Hawkins

A campaign for a three-month extension of the commercial eviction moratorium and flexibility on rent repayments, has been launched.

Property round-up

BrewDog reveals 42-site pipeline, operators ‘reluctant to sell’

24-Feb-2021 By Stuart Stone

This latest pub property news round-up includes more information on BrewDog’s expansion plans and a market update from leisure property specialist Fleurets.

Business rates review delayed until autumn

19-Feb-2021 By Nikkie Thatcher

The Government’s final report on the fundamental review of businesses rates has been pushed back until the autumn.

Property round-up

Red Oak Taverns hits 190 sites, Revived Inns adds Sussex site

17-Feb-2021 By Stuart Stone

The latest property round-up includes new sites for Red Oak Taverns and Revived Inns, as well as updates on the City of London’s outdoor dining licence fee waiver and the lease forfeiture moratorium.

Property round-up

£2.5m Fourpure revamp, 13 grassroots venues safe from ‘immediate threat’, community group buys local

10-Feb-2021 By Stuart Stone

This week’s property round-up includes the completion of a seven-figure refurb at Fourpure’s brewery and 13 grassroots venues being removed from the Music Venue Trust’s ‘red list’.

Hospitality ‘potential saviour’ of high streets facing ‘domino effect of closures’

08-Feb-2021 By Stuart Stone

Greater Manchester’s night-time economy adviser, Sacha Lord, has highlighted the potential for continued high street decline if space vacated by retail stalwarts is allowed to remain empty.

Treasury signals rates relief

04-Feb-2021 By Nikkie Thatcher

Councils have been urged not to issue business rates bills ahead of the new financial year on 1 April, until after the Budget on 3 March.

Property round-up

New sites from BrewDog, Oakman, Elite Pubs and Red Mist

03-Feb-2021 By Stuart Stone

This week’s pub property news round-up includes updates from Elite Pubs, BrewDog, Oakman and Red Mist in addition to news of private equity interest in Marston’s.

Property round-up

Red Mist majority stake sold, JDW pandemic pub spree claims ‘completely untrue’

27-Jan-2021 By Stuart Stone

JD Wetherspoon chairman Tim Martin has dismissed reports that the operator is poised to launch a pub spending spree while Red Lion Holdings has purchased a majority stake in Red Mist Leisure

Pub market recovery from 'seismic shock' will not be uniform

26-Jan-2021 By Stuart Stone

Christie & Co’s annual business outlook report forecasts that the pub market’s recovery from Covid-19 in 2021 will be ‘pretty quick’ but varied as one-in-three operators plan pub sales.

Oxford's Lamb & Flag to close as 'not currently financially viable'

26-Jan-2021 By Emily Hawkins

A historic pub is to close after four centuries after the pressures of the pandemic rendered it unable to break even.

Millions of pounds lost in unpaid rent

22-Jan-2021 By Nikkie Thatcher

At least £90m worth of rent has gone unpaid to pub companies due to the coronavirus pandemic over the past year.

Analysis

£200m Redcat investment a vote of confidence in the pub sector ‘resurgence’

21-Jan-2021 By Stuart Stone

A number of pub sector property experts shared their thoughts on recent news that former Greene King CEO Rooney Anand is to pump £200m into the UK’s ailing sector.

Property round-up

Former pubco bosses launch new ventures, Red Oak grows to 180 sites

20-Jan-2021 By Stuart Stone

This week’s pub property news includes reports that former Greene King CEO Rooney Anand is to embark on a £200m pub investment project, the launch of Valiant Pub Company, and a trio of new acquisitions for Red Oak.

Property round-up

Pub lost every 20 hours, continued rent concessions pledged, £100,000 for ‘pop-up LGBT+ bar’

13-Jan-2021 By Stuart Stone

The first property round-up feature of 2021 includes an update on pub closures during the past 12 months, the latest on pubco rent concessions, and a recap of Fleurets’ Survey of Pub Prices 2020.

Pandemic more than halves number of freehold and leasehold pub transactions

12-Jan-2021 By Stuart Stone

The pub property market’s Covid symptoms include plummeting sales values and volume according to Fleurets’ Survey of Pub Prices 2020.

37 pubs a month ‘vanished’ in 2020

11-Jan-2021 By Nikkie Thatcher

Some 446 pubs ‘vanished’ from communities in England and Wales last year, equating to an average of 37 a month, new figures show.

New leaseholders to take on ‘illegally destroyed’ Carlton Tavern

07-Jan-2021 By Nikkie Thatcher

A London pub that was 'illegally knocked down' will reopen this year after new leaseholders have been found.

Property round-up

2020’s biggest pub property stories

22-Dec-2020 By Stuart Stone

In the final pub property round-up of 2020 The Morning Advertiser (MA) looks back on 20 of the biggest deals, revamps and reopenings covered in the past 12 months.

Opinion

‘Tied tenants are not yet fully accessing insurance price match rights’

21-Dec-2020 By Fiona Dickie - pubs code adjudicator

The pubs code is not just about market rent only. I want to highlight code rights relating to insurance which apply each time the pub company signs a new tenant or buys and charges a tied tenant for insurance for the pub.

Property round-up

Landmark investments by JDW and Tokyo Industries, Oakman to double estate, London Cocktail Club acquired

16-Dec-2020 By Stuart Stone

In addition to updates on the sales of Welsh brewer and pub operator SA Brain, nightclub operator Deltic and London Cocktail Club, this week saw biggest ever investments from JDW and Tokyo Industries.

Estimated 2,500 pubs lost in 2020

09-Dec-2020 By Nikkie Thatcher

More than 2,000 pubs have been lost this year, over double the number in previous years, it has been estimated.

Rent moratoria extension 'welcome respite' for businesses

09-Dec-2020 By Emily Hawkins

Pub operators will be protected from eviction until the end of March 2021, the Government has revealed.

Property round-up

16-site pub company sold, Maureen Heffernan opens Richmond’s first private members club

08-Dec-2020 By Stuart Stone

In addition to news of the Ladhar Group’s deal for Sir John Fitzgerald, Leisure PR boss Maureen Heffernan unveiled the Richmond Club and a Hampshire-based pub couple have acquired three pub freeholds.

Looming £1.6bn unsettled hospitality rent bill threatens ‘new year bloodbath’

07-Dec-2020 By Stuart Stone

Industry trade body UKHospitality (UKH) has warned that the sector faces a ‘new year bloodbath of hospitality business failures’ unless rent moratoria are extended.

Property round-up

Former Little Chef owner weighs up Stonegate/Ei sites, Mark Hix opens pub

02-Dec-2020 By Stuart Stone

In addition to acquisitions by The Inn Collection Group, Black Country Ales and Coastal & Country in the past week, there's news of interest in a 42 pub package and a celebrity chef entering the pub game.

Property round-up

Portobello Brewery acquires 13 Antic sites, Hackney Brewery launches brewery and taproom crowdfund

25-Nov-2020 By Stuart Stone

In addition to news of the revival of dormant pubs in Cambridgeshire and Herefordshire, Portobello Brewery, Hackney Brewery and Rosewell Estates have provided updates on the future of their trading estates.

‘No evidence of severe distress’ in pandemic pub property market

18-Nov-2020 By Stuart Stone

Pub property experts from Davey Co, Fleurets, Christie & Co and Savills run the rule over the pub sector amid England’s second national lockdown.

Property round-up

BrewDog eyes new Kennels, Florist branches out, Michelin-star chef to open beach bar

18-Nov-2020 By Stuart Stone

While Mitchells & Butlers and Revolution Bars Group have announced closures in the past week, the likes of the New World Trading Company, BrewDog, Loungers and Michelin-star chef Michael Caines have provided updates on new sites.

Property round-up

Interest shown in Deltic deal, Wadworth offloads 21 sites, Shepherd Neame pub package hits market

11-Nov-2020 By Stuart Stone

In a flurry of pub property market activity, there are updates from the Deltic Group, Shepherd Neame, Wadworth, Sir John Fitzgerald, Inn Collection Group and Admiral.

Breaking

Covid vaccine sees pubco shares rise

09-Nov-2020 By Nicholas Robinson

Major pubco share prices rocketed today following the announcement of a coronavirus vaccine by pharmaceutical companies Pfizer and BioNTech.

Property round-up

Lockdown 2.0 could close 12,000 pubs, GBPA Pub Hero given makeover, Chestnut buys Jamie Oliver’s parents’ pub

04-Nov-2020 By Stuart Stone

Amid trade body announcements over pub and brewery closures, the past week has seen East Anglia-based operator Chestnut acquire a 13th site, while a Great British Pub Award winner has announced the long-awaited completion of an 18-month refurb.

Property round-up

42 pub package from Stonegate and Ei, Revolution to close six sites, Everards to open new home

28-Oct-2020 By Stuart Stone

A number of parties have reportedly made bids for a 42-pub package of Stonegate and Ei sites, Revolution Bars Group has launched a CVA while Everards Meadows has been earmarked to open in Spring 2021.

Property round-up

Almost half of Brits see local pub close, new sites for Cheshire Pub Co and Honesty Group

21-Oct-2020 By Stuart Stone

Nearly half of the population has seen a pub, bar or restaurant close permenantly in their local area during the ongoing Covid-19 crisis, while Cheshire Pub Co and Honesty Group added new sites to their stables.

Property round-up

UK’s ‘biggest beer hall’ to open, 20 BrewDog sites under construction, Whiting & Hammond administration

14-Oct-2020 By Stuart Stone

Whiting & Hammond's managing director has acquired three of the operators sites from administrators, BrewDog has provided an update on 20 new sites worldwide and Truman's Brewery has unveiled plans to open what it claims will be the UK's...

Property round-up

New sites for Trust Inns and Arc Inspirations

07-Oct-2020 By Stuart Stone

While multiple operators Trust Inns and Arc Inspirations have both announced expansions, brewer and pub operator Greene King announced the closure of more than half of its Loch Fyne sites.