Property

Property round-up

Punch spends £1m on pub gardens, ‘illegally destroyed’ pub to reopen

24-Mar-2021 By Stuart Stone

The nationwide operator of more than 1,000 pubs, Punch, has invested £1m in outdoor spaces ahead of the proposed reopening of 662 of its sites on 12 April, while the 'illegally destroyed' Carlton Tavern is poised to reopen after being rebuild...

Iconic ‘illegally destroyed’ pub set to reopen in April

22-Mar-2021 By Nikkie Thatcher

A historic London pub, which was ‘illegally knocked down’ six years ago is planning to reopen this spring.

Property round-up

Camden Market's ‘first ever pub’, Young’s announces new openings

17-Mar-2021 By Stuart Stone

Following a four-month delay Camden Market's ‘first ever pub’ is poised to open, while pub operator Young’s has announced two new additions to its 200-strong estate.

London Cocktail Club owner eyes growth to 40 sites in five years

16-Mar-2021 By Stuart Stone

Co-founded by investor Sarah Willingham in September 2020, Nightcap plc harbours hopes of quadrupling in size following its acquisition of London Cocktail Club.

Property round-up

Twickenham Green Taverns and Oakman grow estates, Barkby eyes pub expansion

10-Mar-2021 By Stuart Stone

In addition to updates on a host of refurbishment projects, this week’s round-up includes expansion news from Twickenham Green Taverns and Oakman.

Spring Budget 2021

Rent debt remains ‘biggest gap’ in hospitality support

03-Mar-2021 By Stuart Stone

Despite broadly welcoming the provisions set out in the Spring Budget, trade body UKHospitality has flagged that a ‘£2bn millstone’ still faces pub, bar and restaurant operators.

Spring Budget 2021

Business rates holiday will now end in June

03-Mar-2021 By Nikkie Thatcher

Pubs will not have to pay any business rates until June this year – an extension of three months, Chancellor Rishi Sunak has announced in the spring Budget.

Property round-up

Site closed every 48 minutes, pub applications almost double, £150m community ownership fund

03-Mar-2021 By Stuart Stone

While new research revealed that on average 30 licensed venues closed per day since December 2019, figures from FindMyPub.com found that pub applications almost doubled during 2020.

Chancellor slammed for 'out of touch' rent remarks

01-Mar-2021 By Emily Hawkins

Chancellor Rishi Sunak has vastly under-estimated the rent costs faced by pubs, according to operators who say the Government has not listened to the trade.

Licensed venues closing at more than one an hour

01-Mar-2021 By Nikkie Thatcher

An average of 30 licensed venues a day have permanently closed since December 2019 – the highest rate on record, new figures have found.

Extend commercial eviction ban until July, campaign urges

25-Feb-2021 By Emily Hawkins

A campaign for a three-month extension of the commercial eviction moratorium and flexibility on rent repayments, has been launched.

Property round-up

BrewDog reveals 42-site pipeline, operators ‘reluctant to sell’

24-Feb-2021 By Stuart Stone

This latest pub property news round-up includes more information on BrewDog’s expansion plans and a market update from leisure property specialist Fleurets.

Business rates review delayed until autumn

19-Feb-2021 By Nikkie Thatcher

The Government’s final report on the fundamental review of businesses rates has been pushed back until the autumn.

Property round-up

Red Oak Taverns hits 190 sites, Revived Inns adds Sussex site

17-Feb-2021 By Stuart Stone

The latest property round-up includes new sites for Red Oak Taverns and Revived Inns, as well as updates on the City of London’s outdoor dining licence fee waiver and the lease forfeiture moratorium.

Red Oak acquires 10 pub package from Wells & Co

17-Feb-2021 By Nikkie Thatcher

Multiple operator Red Oak Taverns has acquired 10 leased and tenanted pubs from operator and brewer Wells & Co for an undisclosed sum.

Business rates relief extended for Scottish pubs

16-Feb-2021 By Emily Hawkins

Full relief on business rates for the hospitality sector will be extended for another year in Scotland, Finance Secretary Kate Forbes announced today (16 February).

60% of pubs would remain closed if outdoor trading rule enforced

16-Feb-2021 By Nikkie Thatcher

Some 29,000 pubs will have to stay shut if the Government rules outdoor service only is permitted in April.

Platinum walks away from Marston’s bid

11-Feb-2021 By Nikkie Thatcher

Platinum Equity Advisors has announced it does not intend to submit a revised proposal for Marston’s and will not make a firm offer for the business.

Former NWTC boss appointed at RedCat Pub Company

10-Feb-2021 By Nikkie Thatcher

New World Trading Company (NWTC) former chief executive Chris Hill is set to become CEO at Rooney Anand’s new venture RedCat Pub Company.

Property round-up

£2.5m Fourpure revamp, 13 grassroots venues safe from ‘immediate threat’, community group buys local

10-Feb-2021 By Stuart Stone

This week’s property round-up includes the completion of a seven-figure refurb at Fourpure’s brewery and 13 grassroots venues being removed from the Music Venue Trust’s ‘red list’.

US firm behind Rooney Anand’s pub investment

05-Feb-2021 By Nikkie Thatcher

Former Greene King boss Rooney Anand’s pub investment firm has been backed by an American financing business, according to reports.

Property round-up

New sites from BrewDog, Oakman, Elite Pubs and Red Mist

03-Feb-2021 By Stuart Stone

This week’s pub property news round-up includes updates from Elite Pubs, BrewDog, Oakman and Red Mist in addition to news of private equity interest in Marston’s.

Property round-up

Red Mist majority stake sold, JDW pandemic pub spree claims ‘completely untrue’

27-Jan-2021 By Stuart Stone

JD Wetherspoon chairman Tim Martin has dismissed reports that the operator is poised to launch a pub spending spree while Red Lion Holdings has purchased a majority stake in Red Mist Leisure

Pub market recovery from 'seismic shock' will not be uniform

26-Jan-2021 By Stuart Stone

Christie & Co’s annual business outlook report forecasts that the pub market’s recovery from Covid-19 in 2021 will be ‘pretty quick’ but varied as one-in-three operators plan pub sales.

Analysis

£200m Redcat investment a vote of confidence in the pub sector ‘resurgence’

21-Jan-2021 By Stuart Stone

A number of pub sector property experts shared their thoughts on recent news that former Greene King CEO Rooney Anand is to pump £200m into the UK’s ailing sector.

Property round-up

Former pubco bosses launch new ventures, Red Oak grows to 180 sites

20-Jan-2021 By Stuart Stone

This week’s pub property news includes reports that former Greene King CEO Rooney Anand is to embark on a £200m pub investment project, the launch of Valiant Pub Company, and a trio of new acquisitions for Red Oak.

Licensing Hub – Legal with Poppleston Allen

How could Covid-19 change the on-trade's legal landscape?

15-Jan-2021 By Andy Grimsey, Poppleston Allen

In previous years it has been customary for our first article of the new year to look forward to the year come, and make observations about possible legal changes for the hospitality industry in the coming months.

Property round-up

Pub lost every 20 hours, continued rent concessions pledged, £100,000 for ‘pop-up LGBT+ bar’

13-Jan-2021 By Stuart Stone

The first property round-up feature of 2021 includes an update on pub closures during the past 12 months, the latest on pubco rent concessions, and a recap of Fleurets’ Survey of Pub Prices 2020.

Pandemic more than halves number of freehold and leasehold pub transactions

12-Jan-2021 By Stuart Stone

The pub property market’s Covid symptoms include plummeting sales values and volume according to Fleurets’ Survey of Pub Prices 2020.

Property round-up

2020’s biggest pub property stories

22-Dec-2020 By Stuart Stone

In the final pub property round-up of 2020 The Morning Advertiser (MA) looks back on 20 of the biggest deals, revamps and reopenings covered in the past 12 months.

Property round-up

Landmark investments by JDW and Tokyo Industries, Oakman to double estate, London Cocktail Club acquired

16-Dec-2020 By Stuart Stone

In addition to updates on the sales of Welsh brewer and pub operator SA Brain, nightclub operator Deltic and London Cocktail Club, this week saw biggest ever investments from JDW and Tokyo Industries.

Rent moratoria extension 'welcome respite' for businesses

09-Dec-2020 By Emily Hawkins

Pub operators will be protected from eviction until the end of March 2021, the Government has revealed.

Property round-up

16-site pub company sold, Maureen Heffernan opens Richmond’s first private members club

08-Dec-2020 By Stuart Stone

In addition to news of the Ladhar Group’s deal for Sir John Fitzgerald, Leisure PR boss Maureen Heffernan unveiled the Richmond Club and a Hampshire-based pub couple have acquired three pub freeholds.

Operators mentally drained, joyless and heartbroken after a week of new tiers

07-Dec-2020 By Stuart Stone

The Morning Advertiser’s social media followers shared their experiences of trading under various levels of the Government’s more stringent Covid alert system since 2 December.

Looming £1.6bn unsettled hospitality rent bill threatens ‘new year bloodbath’

07-Dec-2020 By Stuart Stone

Industry trade body UKHospitality (UKH) has warned that the sector faces a ‘new year bloodbath of hospitality business failures’ unless rent moratoria are extended.

Property round-up

Former Little Chef owner weighs up Stonegate/Ei sites, Mark Hix opens pub

02-Dec-2020 By Stuart Stone

In addition to acquisitions by The Inn Collection Group, Black Country Ales and Coastal & Country in the past week, there's news of interest in a 42 pub package and a celebrity chef entering the pub game.

Analysis

14 ways in which Covid-19 is changing the UK pub market

26-Nov-2020 By Stuart Stone

A new report from Lumina Intelligence has found that coronavirus has carved 14bn off the sector’s value – but what specific symptoms has the trade shown, and what could its recovery look like?

Property round-up

Portobello Brewery acquires 13 Antic sites, Hackney Brewery launches brewery and taproom crowdfund

25-Nov-2020 By Stuart Stone

In addition to news of the revival of dormant pubs in Cambridgeshire and Herefordshire, Portobello Brewery, Hackney Brewery and Rosewell Estates have provided updates on the future of their trading estates.

MA’S REVIEW OF THE WEEK

Politicians ‘have to get off the pot and make a decision’ on 10pm curfew

19-Nov-2020 By Ed Bedington

The Morning Advertiser's Ed Bedington spoke to Ed Turner of Buff and Bear Saloons to discuss the big issues from the news this week.

CGA: ‘We will pull through this crisis’

19-Nov-2020 By Georgia Cronin, MCA

The sector is living through its toughest period in eight years, but consumer data proves it will pull through, CGA chief executive Phil Tate has said.

‘No evidence of severe distress’ in pandemic pub property market

18-Nov-2020 By Stuart Stone

Pub property experts from Davey Co, Fleurets, Christie & Co and Savills run the rule over the pub sector amid England’s second national lockdown.

Property round-up

BrewDog eyes new Kennels, Florist branches out, Michelin-star chef to open beach bar

18-Nov-2020 By Stuart Stone

While Mitchells & Butlers and Revolution Bars Group have announced closures in the past week, the likes of the New World Trading Company, BrewDog, Loungers and Michelin-star chef Michael Caines have provided updates on new sites.

Pandemic is a challenge, but we had the confidence to progress’ says Liberation boss

11-Nov-2020 By Nikkie Thatcher

The coronavirus pandemic has given Liberation Group the chance to move forward, according to CEO Jonathan Lawson.

Property round-up

Interest shown in Deltic deal, Wadworth offloads 21 sites, Shepherd Neame pub package hits market

11-Nov-2020 By Stuart Stone

In a flurry of pub property market activity, there are updates from the Deltic Group, Shepherd Neame, Wadworth, Sir John Fitzgerald, Inn Collection Group and Admiral.

Pub companies announce lockdown rent plans

04-Nov-2020 By Emily Hawkins

Pub companies including Greene King and Stonegate Pub Company have confirmed rent reductions for tenants to 10% for the second lockdown period.

Property round-up

Lockdown 2.0 could close 12,000 pubs, GBPA Pub Hero given makeover, Chestnut buys Jamie Oliver’s parents’ pub

04-Nov-2020 By Stuart Stone

Amid trade body announcements over pub and brewery closures, the past week has seen East Anglia-based operator Chestnut acquire a 13th site, while a Great British Pub Award winner has announced the long-awaited completion of an 18-month refurb.

BBPA demands rates reform to save pubs amid appeals spike

30-Oct-2020 By Stuart Stone

The British Beer and Pub Association (BBPA) has responded to the Treasury’s call for evidence on business rates as new data reveals more than 1,000 new rates appeals per day in last six months.

Welsh pubs 'victims' without further support

29-Oct-2020 By Emily Hawkins

The Welsh Government has been urged to explain where hospitality in the country will stand once the ‘firebreak’ lockdown ends.

Property round-up

Almost half of Brits see local pub close, new sites for Cheshire Pub Co and Honesty Group

21-Oct-2020 By Stuart Stone

Nearly half of the population has seen a pub, bar or restaurant close permenantly in their local area during the ongoing Covid-19 crisis, while Cheshire Pub Co and Honesty Group added new sites to their stables.

Property round-up

UK’s ‘biggest beer hall’ to open, 20 BrewDog sites under construction, Whiting & Hammond administration

14-Oct-2020 By Stuart Stone

Whiting & Hammond's managing director has acquired three of the operators sites from administrators, BrewDog has provided an update on 20 new sites worldwide and Truman's Brewery has unveiled plans to open what it claims will be the UK's...