Leasing

Projected turnover: forecasts for newly leased pubs have risen by 14%

Newly leased pubs' turnover forecast up 14%

By Georgina Townshend

Turnover forecasts for newly leased pubs have risen by 14% for the next two years due to “improved business confidence”, according to the latest data from the Royal Institute of Chartered Surveyors (RICS).

Punch licensees: some 21 requests for the MRO option are under review

MRO

40 Punch licensees request MRO statistics

By James Wallin, MCA

Punch has revealed 40 licensees have asked what the difference in costs would be if they decided to take the market rent-only option (MRO) since the pubs code came into force in July.

Understanding the voluntary pubs code

Voluntary pubs code

Understanding the voluntary pubs code

By Rachel Thompson, commercial property solicitor at Gordons LLP

With three new voluntary codes of practice introduced to govern the operation of tied public houses for companies with fewer than 500 tied premises, here is the basics of what the codes cover

RICS: Average new lease rent up 3% year-on-year

RICS Pub Benchmarking survey

RICS: Average new lease rent up 3% year-on-year

By Oli Gross

The average rent on a new lease was £29,253 in the fourth quarter (Q4) of 2015, up by more than 3% year-on-year, according to the latest figures from the Royal Institute of Chartered Surveyors’ Pub Benchmarking Survey.

An increasing number of leases were fully tied in 2014

RICS: Highest pub rent costs in two years

By Ellie Bothwell

Pub rent as a percentage of projected turnover reached its highest level for almost two years in the last quarter of 2014, but saw a slight drop overall compared to 2013, according to the Royal Institute of Chartered Surveyors Pub Benchmarking Survey.

Average new lease prices stabilise

Average rents on new leases stabilise

By Michelle Perrett

The average annual rent for new pub leases in England and Wales stabilised at £24,939 per annum during the third quarter of 2013, according to the Royal Institution of Chartered Surveyors (RICS) Pub Benchmarking Survey.

rents leases RICS

Average rents on new leases drop, according to RICS

By Michelle Perrett

The average annual pub rent for new leases in England and Wales dropped slightly to £24,368 per annum during the second quarter of 2013, according to the Royal Institution of Chartered Surveyors (RICS) Pub Benchmarking Survey.

Some tenants are campaigning for a break in the beer tie

FPB: pubcos holding tenants to ransom

By Michelle Perrett

The Forum of Private Business (FPB) has called for stronger regulation of the pub trade claiming pubcos are holding tenants to ransom.

Findlay: Retail Agreement is key to success

Marston's tenants back Retail Agreement

By John Harrington, M&C Report

Nine out of 10 (93%) Marston's tenants signed up to its new quasi-franchise Retail Agreement would recommend the deal to others.

Longden: welcomes flexibility

43-strong community group take on Punch pub

By Gurjit Degun

A Punch leased pub in Lincolnshire has been taken on by 43 members of a local community committed to keeping their local pub running. The Cherry...

Punch: new concessions

Punch: more concessions on new leases

By The PMA Team

Punch Taverns has offered further concessions to new licensees to tempt them to sign up to three new leases it's offering. The company launches the leases officially in its south-east region next week.

Enterprise Inns: set to annnounce changes in its support packages

Enterprise set to unveil new agreements

By Ewan Turney

Enterprise Inns is set to unveil a range of new lease agreements and support packages in the coming weeks as it seeks to attract new tenants and help...

Enterprise: no code of practice rent reviews for free of tie lessees

Free-of-tie lessee 'out in the cold'

By John Harrington

Enterprise Inns has been criticised for refusing a code of practice (CoP) rent review to a licensee because his lease is free of tie.

Butler (L) and Thornton (R): plan to buy back leases and freeholds

Mercury Inns in administration

By Ewan Turney & The PMA Team

Multiple operator Mercury Inns has gone into administration, the Morning Advertiser has learnt. Mercury Inns was formed 12 years ago by co-managing...

Punch Taverns: new deal on machines

Punch stops rentalising machine income

By The PMA Team

Punch Taverns has begun to stop rentalising machine income in a move that will boost pub income for licensees by around £1,250 per annum. The...

Nag's Head: no rent reduction available

Pubco refuses rent cuts

By John Harrington

The firm that manages Wellington Pub Company's free-of-tie estate says it doesn't expect to offer any rent reductions to licensees. Tenant says Wellington's view is that they are not like Punch and Enterprise.

Power: selling two Enterprise leases

Tuppen: Power's done well from tie

By The PMA Team

Enterprise Inns boss Ted Tuppen has claimed that Fair Pint sponsor Vince Power has done well financially from the two Enterprise sites he leases.

Thwaites: tough decisions

Thwaites converts managed pubs to lease

By Tony Halstead

Lancashire brewer Daniel Thwaites is to convert 37 managed pubs to lease and tenanted operations in a bid to "simplify its business." A further five...

Thorley: No problems letting pubs

Punch denies letting problems

By Ewan Turney

Punch boss Giles Thorley has denied claims that the pubco is struggling to let pubs despite a weekend report that around 1,400 of its pubs are looking for new tenants.

Five Walkabouts are on the market

Regent puts 11 sites up for sale

By The PMA Team

Regent Inns, the troubled bar and restaurant operator, has placed six Old Orleans sites and five Walkabouts on the market. The company, which also...