Only five free-of-tie leases were granted though Punch, Enterprise and Marston’s in 2012

By Michelle Perrett

- Last updated on GMT

Related tags: Punch taverns, New leases, Enterprise inns, Renting, Leasing

Only five free-of-tie leases were granted though Punch Taverns, Enterprise Inns and Marston’s in 2012, the first Royal Institution of Chartered Surveyors Pub Benchmarking Survey has revealed.

The report, which was unveiled by the Publican’s Morning Advertiser​ last week, revealed that the average pub rent for new leases in England and Wales dropped slightly to £26,920, during the last quarter of 2012.

The data revealed that during 2012 of the 1,399 new leases signed five were granted with no tie.

The survey was produced as a response to the Business, Innovation & Skills Committee request for more transparency in terms of pub rental rates.

Campaign for Real Ale head of policy Jonathan Mail said: “That is quite surprising given the public assurances the pubcos have provided on lease terms and the willingness to offer various options.”

However, Enterprise Inns and Punch Taverns said that there were benefits to the tied business model, while Marston’s said it has granted free-of-tie for some agreements, but not on any leases.

Related topics: Punch Pubs & Co, Ei Group

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