Ei Group (EiG) has confirmed that group services director James Armitage is leaving the business at the end of the year.
Ei Group (EiG) is to launch two new agreements into its leased and tenanted division, the company revealed this week.
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 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.
Voluntary pubs code
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 Pub Benchmarking
Projected turnover at pubs with new leases jumped by 10% in the first quarter of this year, according to the latest Pub Benchmarking survey.
RICS Pub Benchmarking survey
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.
The average new pub lease length fell to five years in Q1 this year, a drop from seven years for the whole of 2014.
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.
Two Enterprise Inns tenants have spoken out after the pub company demanded they agree to significant changes in their leases as a condition for implementing a rent reduction.
Spirit Pub Company has told the Government that it may be forced to introduce upward-only rent review (UORR) clauses to leases if a free-of-tie option is made mandatory.
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.
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.
Rents remain higher as a proportion of turnover among tied pubs than free-of-tie pubs, according to this year’s Benchmarking Report from the Association of Licensed Multiple Retailers (ALMR).
Only five free-of-tie leases were granted though Punch, Enterprise and Marston’s in 2012
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.
Agents see 'ever increasing demand' for pubs in Suffolk
Pub property sales in Suffolk appear to be picking up as agents Simon Jackaman Associates and Christie+Co are dealing with “ever-increasing demand” in the county.
Pub tenants warned to keep an eye on rent review dates
Pub tenants should keep a closer eye on rent review dates, or face paying a higher rent for a longer period than they should — that’s the warning from licensing surveyor Morgan & Clarke.
Greene King, the brewer and pub operator, is to launch two new tenancy agreements aimed at encouraging “highly talented” entrants to enter the trade, and giving cash incentives for good retail performance.
Punch puts the lease of licensee Dave Mountford's Rising Sun up for sale
The lease of the Rising Sun, in Middleton, Derbyshire — the pub run by licensee Dave Mountford — has been put up for sale on the Punch Taverns website.
BBPA publishes new Industry Framework Code
The British Beer & Pub Association (BBPA) has unveiled its newly strengthened Industry Framework Code of Practice (IFC), which is part of its self-regulation agreement with the government over the pubco/tenant relationship.
The Forum of Private Business (FPB) has called for stronger regulation of the pub trade claiming pubcos are holding tenants to ransom.
Nine out of 10 (93%) Marston's tenants signed up to its new quasi-franchise Retail Agreement would recommend the deal to others.
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...
Enterprise Inns to sell package of 27 pubs
Enterprise Inns is believed to be preparing to sell off the freehold interest in 27 pubs, possibly as part of its ongoing sale and leaseback...
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.
Marston's believes its new lease agreements will help raise the consumer appeal of its pubs and represented a positive reaction to on-going...
The head of Punch's leased estate says he doesn't expect wholesale changes to the pubcos' new code of practice after consulting with licensees. The...
Enterprise reveals details of new lease agreements
Pubco giant Enterprise Inns has revealed details of new lease agreements which will include free-of-tie options and no rent reviews. The new deals,...
Roger Whiteside has hit back at those opposed to significant pub company reform, saying they are in "cloud cuckoo land".
The challenge for Enterprise Inns is to ensure 90% of the estate is let on substantive leases, finance director David George said.
Fuller's recruitment manager Louise Lawler has been recruited herself, this time by Punch Taverns. Lawler, former tenanted and leased recruitment...
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 Inns has been criticised for refusing a code of practice (CoP) rent review to a licensee because his lease is free of tie.
Multiple operator Mercury Inns has gone into administration, the Morning Advertiser has learnt. Mercury Inns was formed 12 years ago by co-managing...
Marston's has reported that 30 tenants out of a group of 60 licensees offered one of its "Advance" leases has taken up the offer.
Punch's move to stop rentalising machine income is a "half-hearted" response to the Business and Enterprise Committee report.
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...
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.
Pubcos move to remove machine income from rent calculations
As the country's pubcos try to fend off a referral of the industry to the Competition Commission, Bedford brewer Charles Wells became the latest...
Heavitree puts pubs on market as it phases out its managed division
Heavitree, the Exeter-based brewer, has put three of its pubs on the market as part of plans to convert its managed estate into tenanted or leased...
Enterprise Inns boss Ted Tuppen has claimed that Fair Pint sponsor Vince Power has done well financially from the two Enterprise sites he leases.
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...
Hamish Champ: Credit cards, pub leases and the small print
We all know we're in the midst of a financial crisis. Consumers are tightening their belts in readiness for the real storm many believe is yet to hit...
London Town reopening 38 pubs
London Town, which has an estate of 205 tenanted pubs and 61 managed pubs, has reopened 30 closed pubs this year — and has eight more it will...
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.
Regent Inns, the troubled bar and restaurant operator, has placed six Old Orleans sites and five Walkabouts on the market. The company, which also...
Punch Taverns has officially launched the latest batch of 50 pubs it is converted from managed to lease through agent Christie & Co. The pubs,...
White Horse Inn: Next on the list
Financing is always an issue when purchasing a property, be it a pub or your main home. Luckily, we have a major advantage in that the premises are...
Scottish lease-holders warned of business risks
A trade leader has come under fire for warning new licensees in Scotland they face a higher risk of business failure because of trading and lease...
Marston's to lease out 47 pubs
Marston's has instructed Christie+Co to market 47 of its managed houses as lease opportunities. The majority of the pubs are being offered on 10 to...