#unitedwestand

Daily bulletin - Wednesday 1 April

By Ed Bedington

- Last updated on GMT

Related tags: Coronavirus, UnitedWeStand

The Morning Advertiser editor Ed Bedington delivers a rundown of the latest news for pubs regarding coronavirus including the an update on pub companies cancelling rent and the impact of shut down on the pub property market.

Further reading:

  • Pubcos – what support are pubcos giving to help licensees?​ - Small and large pub companies have announced the measures to support licensees while the Covid-19 pandemic continues. This live report​ outlines the help businesses have revealed.
  • Admiral cancels rent for licensees for 5 weeks​ - Admiral Taverns has cancelled rent payments for its licensees, effective from Saturday 21 March until Thursday 30 April – an end date that will stay under review​.
  • Commercial rent suspended for Fuller’s tenants​ - Fuller, Smith & Turner has suspended commercial rent for its tenants amid the Covid-19 outbreak and will review this as the pandemic develops​.
  • Hall & Woodhouse cancels rent and suspends loan repayments​ - Dorset-based pub group Hall & Woodhouse has announced rent and service charges have been cancelled for all its tenants for eight weeks, backdated to Sunday 22 March​.
  • Palmers Brewery gives retrospective rent reduction​ - South-west-based operator Palmers Brewery has given its licensees a retrospective rent reduction of 50% for the month of March, before Covid-19 hit the industry, along with no rent payable for April​.
  • Pub property market to see ‘very quick bounce back’ after coronavirus​ - Property experts from Davey Co and Colliers International expect the market for pub sector bricks and mortar to make a speedy recovery from Covid-19​.

Related topics: UnitedWeStand

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