Property

The Carpenters Arms pub Eastling Kent under new ownership

PROPERTY ROUND UP

Trio takes on Shepherd Neame pub

By Amelie Maurice-Jones

Three friends have come to the helm of a Shepherd Neame pub, while another venue has launched a fish & chip shop as operators expand their estate.

City centre venue: G-A-Y Late is set to shut next month (image: Getty/MicroStockHub)

‘Iconic’ LGBTQ+ venue to shut

By Nikkie Thatcher

Owner of G-A-Y Late Jeremy Joseph has announced the closure of the Soho venue, citing a number of external pressures as the reasons why.

Epic ineptitude: BrewDog CEO James Watt (pictured) condemns Durham council over opening of firm's new site in the city

James Watt accuses Durham council of 'staggering incompetence'

By Rebecca Weller

BrewDog’s James Watt has condemned Durham County Council for its “staggering display of incompetence” regarding the firm’s new site in the city, yet the council says it has worked "tirelessly" to help the Ellon-based firm.

Great relationship: Shepherd Neame acquires Ship Inn pub in Herne Bay (Pictured: licensees Alan and Michele Clarke)

Shepherd Neame expands tenanted estate

By Rebecca Weller

Independent family brewer and pub company Shepheard Neame has expanded its tenanted estate with the acquisition of a historic seafront pub in the South-East.

Worrying sign: number of pub and bar insolvencies soars by 66% YOY (Credit: Getty/ilbusca)

Number of pub and bar insolvencies jumps 66% YOY

By Rebecca Weller

The number of pub and bar company insolvencies soared by two thirds in the year to September as high inflation and interest rates make turning a profit “impossible”.

What's in the news November 17

REVIEW OF THE WEEK

Business rates support ‘is the big one’

By Ed Bedington

The Morning Advertiser editor Ed Bedington spoke to Oak Taverns managing director Simon Collinson to get his thoughts on the week's news and the upcoming Autumn Statement on Wednesday 22 November.

On the market: all 25 former Wear Inns pubs are up for sale (credit: Getty/Shaun Taylor)

Administrators appointed to former Wear Inns pubco

By Gary Lloyd

The property company that operated north-east-based pub business Wear Inns after it was acquired in August 2018 has gone into administration meaning all 25 sites are now on the market.

Iconic: Admiral refutes claims it let the Lincoln Imp turn to rack and ruin (Pictured: Exterior of the Lincoln Imp now and locals at the pub before its closure/Courtesy of Lorraine Briggs)

EXCLUSIVE

Admiral refutes 'rack and ruin' claims

By Rebecca Weller

Admiral Taverns has hit back at claims it has allowed a north Lincolnshire pub to go to “rack and ruin” in a bid to make way for building developments on the site.

Hydes opens dining pub the Harry Beswick Wirral, Merseyside

Hydes opens £3.6m premium dining pub

By Amelie Maurice-Jones

North west brewery and pub retailer Hydes has launched its first new establishment in five years, following the opening of its latest premium pub dining venue on the Wirral, Merseyside.

Fantastic achievement: Star operator celebrates four decades behind the bar (Pictured: Carol and Lee Scanlan)

Star licensee marks 40th anniversary

By Rebecca Weller

Operators at a village pub in Lincolnshire have been recognised for their service to the community on their 40th anniversary at the helm.

Property refurbs: this week's round-up features Robinson's, Star Pubs & Bars, Admiral Taverns and Punch

PROPERTY: EXCLUSIVE INTERVIEW

Robinsons and Almond Pubs invest £500k into Manchester site

By Rebecca Weller

In this week's property round-up, Almond Pubs director Vicki Williams discusses the new look for the Fletcher's Arms in Manchester and ongoing "conversations" about future partnerships with Robinsons Brewery.

Poll results: 68% of operators allow non-paying guests to use the toilet (Credit: Getty/Adam Gault)

68% of pubs allow non-paying guests to use toilets

By Rebecca Weller

The majority of pubs allow non-paying guests to use their toilet but urge customers to ask permission first and consider charity donations in lieu of a purchase, adding hospitality venues are “public houses not public conveniences”.

Sector figures: the report shows there were three net closures a day in the third quarter of 2023 (image: Getty/JuergenBosse)

Rate of site closures slows

By Nikkie Thatcher

While the number of Britain’s licensed premises dropped by 3.6% over the past 12 months, the pace has slowed as the ear has gone on.

Portfolio growth: North is set to reopen Alley Cats next month

EXCLUSIVE

North reopening ‘cherished’ bar

By Nikkie Thatcher

Multiple operator North has revealed it is reopening a ‘cherished’ site in Chapel Allerton next week following its closure last month (October).

Property passport: Operators open sites across the globe

PROPERTY: EXCLUSIVE INTERVIEW

BrewDog eyes Asia expansion after Hong Kong launch

By Amelie Maurice-Jones

It's been a big month for BrewDog, with new sites launching in Hong Kong and Amsterdam, and now the operator is looking to further spread its wings into Asia.

Shutting doors: Pub closures to continue in new year (Credit: Getty/ilbusca)

750 pubs set to close in first half of 2024

By Amelie Maurice-Jones

The British Beer & Pub Association (BBPA) is calling for Government action after new data revealed 750 pubs are set to close in the first half of 2024.

Money money money: Pubs reopen after impressive makeovers

PROPERTY ROUND-UP

Morgan Pub Collective site opens after £270k refurb

By Amelie Maurice-Jones

The Morgan Pub Collective has taken on its sixth pub with Greene King Pub Partners, a Surrey operator has taken on his second pub and Brakspear pumps £2m into two L&T sites.

(image: Getty/Adam Gault)

Red Oak Taverns to acquire 17 St Austell pubs

By Nikkie Thatcher

Multiple operator Red Oak Taverns is set to complete the purchase of 17 sites from St Austell Brewery’s leased and tenanted division, helping to further extend the former’s presence in the south west.

What are current trends in the pub property market?

What are the current trends in the property market?

By Amelie Maurice-Jones

The Morning Advertiser takes a deep dive into current trends in the property market. Cash is king and buyers are seeking honeypot locations and multiple income streams, while many are staying clear of borrowing from banks.

Standing out: Little Door & Co managing director and co-founder Kamran Dehdashti (left) with director and co-founder Jamie Hazeel

OPINION

Company culture: how we can stand out from the pack

By Kamran Dehdashti and Jamie Hazeel, founders, Little Door & Co

In the current economic climate, many hospitality businesses are finding the conditions tougher than ever – margins are being squeezed across the board, and revenue is less reliable and consistent than before.

Company investment: Brakspear chief executive Tom Davies (far right) with Manu Bhatt (third from right) and Richard Brown (far left) of Little & Large Pub Company and team members from the Running Horses

Brakspear pumps £2m into two L&T sites

By Nikkie Thatcher

South east-based multiple operator Brakspear is investing £2m into two of its leased and tenanted sites after signing agreements with growing pub groups Little & Large and Friendship and Beer.

Development opportunities: TRG acquired by Apollo Global Management (Credit: Getty/Martin Barraud)

TRG to be taken private in £506m deal

By Finn Scott-Delany

The Restaurant Group is to be acquired by Apollo Global Management in a cash acquisition valuing the company at around £506m.

Property refurbs: this week's round-up features Admiral Taverns and Stonegate

PROPERTY: EXCLUSIVE INTERVIEW

Historic Notting Hill pub restored to 'former glory'

By Rebecca Weller

In this week's property refurbishment round-up, we spoke to operator of the Walmer Castle in Notting Hill about the historic pub's restoration while reopening's from Admiral Taverns, Inn Collection Group and Slug & Lettuce also feature.

Openings: Big news from Arc Inspirations, King Pins, AK Whelan

PROPERTY ROUND-UP

King Pins, AK Whelan open sites

By Amelie Maurice-Jones

In this week's property news, King Pins and AK Whelan announce new sites, as Arc Inspirations looks forward to its first foray into the east midlands.

Stephen Terry’s Abergavenny restaurant The Hardwick closes

Top 50 Gastropub closes its doors

By Restaurant

Stephen Terry’s Abergavenny restaurant The Hardwick has closed suddenly after nearly two decades in business.

Awards finalists: the White Horse's Tosh Lakhnai (centre) and Sunny Hodge (right) of Diogenes The Dog

Trade great for finalists in BIH Spotlight Awards

By Gary Lloyd

Two of the finalists for Pub/Bar of the Year in the Be Inclusive Hospitality (BIH) Spotlight Awards have revealed how trade at their sites has improved so much since the pandemic.

Record results: Jonathan Neame is confident for the future

‘Record revenues’ achieved by Shepherd Neame

By Gary Lloyd

Shepherd Neame CEO Jonathan Neame is confident “the turmoil of the past few years is now settling” as the company achieved “record revenues” in the 52 weeks ended 24 June 2023.

Treasured jewel: Shepherd Neame invests more than £2.5m into its pub estate (Pictured: the Tom Cribb pub in London)

PROPERTY: EXCLUSIVE INTERVIEW

Shepherd Neame MD: 'pub's should reflect their heritage'

By Rebecca Weller

Pub refurbishments should reflect market trends while honouring their history, Shepherd Neame managing director Jonathon Swaine told The Morning Advertiser, as the pubco invests more than £2.5m into its estate.

Revved up: Shaun Craven and partner Sophie Starkey at celeb hangout Le Reve

Le Rêve cocktail bar celebrates 10th anniversary

By Gary Lloyd

Independent cocktail bar Le Rêve celebrated its 10th anniversary at the weekend and has been celebrating for the entire month of September with a packed entertainment programme.

Be smart: technology can be used in front and back of house at your premises

FEATURE - Technology

FEATURE: How tech can free up time for your staff

By Fiona Griffiths

Times are tough right now. Pub and bar operators are being hit from all sides with consumers tightening their belts, struggles over recruitment and costs soaring across the board.

The George Pub, Bethersden, opens cafe

‘If you don’t diversify you get stuck behind’

By Amelie Maurice-Jones

A pub in Kent has celebrated the launch of its community café, and has advised operators to focus on quality coffee, keep adapting, and diversify the offering if they want to do the same.

On the market: JD Wetherspoon has appointed two estate agents to sell 11 of its pubs (credit: Getty/JanpenBoonbao)

JDW to sell 11 pubs

By Gary Lloyd

Pub giant JD Wetherspoon (JDW) has appointed estate agents Savills and CBRE to sell 11 of its pubs.

Lively crowd: Pete Marshall (second from right) and his team at the Kings Arms, which won Best Pub for Entertainment get the party started

GBPA 2023

Pics of all the GBPA 2023 winners

By Gary Lloyd

For those who attended, the Great British Pub Awards (GBPA) 2023 will live long in the memory. If you were there and have forgotten who won, here is a picture special to remind who the winners were.