Property law

Looking ahead: CGA director for hospitality operators and food EMEA Karl Chessell predicted further churn of opening and closures over the second half of the year (image: Getty/shank_ali)

Almost 1,000 closures in second quarter of 2022

By Nikkie Thatcher

While there were nearly 1,000 closures of licensed premises over the second quarter of this year, almost the same number opened as other businesses took their place.

Strong return: As trading has picked up, economic headwinds could create more activity on the pub property market (credit: Getty/sturti)

Pub property market to ‘ramp up’ this year

By Gary Lloyd

The pub property market is set to “ramp up” during the second half of 2022 with sales of sites expected to come from Stonegate, Marston’s and Amber Taverns, according to a new report from Christie & Co.

Openings and revamps: A big week for Revs with two new sites openings and one site revamp, as others launch sites and makeover others

PROPERTY ROUND-UP

Revolution opens bars and revamps more, police station turns into pub

By Amelie Maurice-Jones

Revolution has opened new sites in Exeter and Preston and as well as pumping £200k into its Wilmslow site, the Inn Collection Group has turned a police station into a pub and Red Oak Taverns has renovated its Blunham venue.

Christie & Co: A promising start to the year for the home counties pub market

Strong start to 2022 for home counties pub market

By Amelie Maurice-Jones

The year has kicked off to a strong start for the country pub market across the home counties, with business property adviser Christie & Co’s hospitality team completing on six individual pub sales across the region during March alone.

Number crunching: nightclubs saw the biggest change in site numbers across the hospitality sector with a fall of 9.8% from March 2021 to March 2022 (image: Getty/ilbusca)

Pandemic cost licensed sector 9,200 venues

By Nikkie Thatcher

The number of licensed premises has fallen by more than 9,000 now compared to the start of the coronavirus pandemic, figures have revealed.

Positive property news: Seafood Pubco opens Hertfordshire venue after renovation

Seafood PubCo venue opens after £1.2m refurb

By Amelie Maurice-Jones

Seafood PubCo (SPC) has opened a new southern flagship pub the Grand Junction Arms in Tring, Hertfordshire, after a £1.2m renovation, celebrating the year anniversary of its partnership with The Oakman Group.

Onwards and upwards: pubs are back on the expansion trail says Peter Hansen of Sapient Corporate Finance

MA Leaders Club

Further lockdowns unlikely because Government ‘cannot afford it’

By Gary Lloyd

The possibility of further lockdowns is over according to Peter Hansen of Sapient Corporate Finance because the Government “cannot afford it”, he said while speaking at the MA Leaders Club conference at Fabric nightclub, in London, on Thursday 24 February.

Information wanted: those wishing to submit evidence need to do so by Wednesday 17 February (image: Getty/akinbostanci)

APPBG calls for evidence in business rates inquiry

By Nikkie Thatcher

The All-Party Parliamentary Beer Group (APPBG) is conducting an inquiry into business rates and is calling for evidence and reform ideas from licensees, organisations and other interested parties.

Acquisition history: Christie & Co's report looked at some of the biggest deals in the sector from last year (image: Getty/ Adam Gault)

Pub sales volumes up more than 100%

By Nikkie Thatcher

Transaction volumes for the pub sector rose by 103% in 2021, a new report from business property adviser Christie & Co has revealed.

Positive outlook: Fleurets says there have been high levels of demands for pubs in all regions

Demand outstripped supply in pub property market last year

By Gary Lloyd

Strong demand for pubs rather than a flood of empty sites or failed businesses has been the most significant feature of the pub market in the past year, according to leisure property specialist Fleurets’ Survey of Pub Prices 2021 report.