Real Estate

37 pubs a month ‘vanished’ in 2020

11-Jan-2021 By Nikkie Thatcher

Some 446 pubs ‘vanished’ from communities in England and Wales last year, equating to an average of 37 a month, new figures show.

Market values: what valuers assess when putting a pub on sale

12-Feb-2018 By Stuart Stone

What does an agent look for when they’re valuing a pub for sale and what can you do to make sure your property is priced fairly?

Laine Pub Co acquires Distinct Group

04-Dec-2017 By Nikkie Sutton

Regional brewer and operator Laine Pub Company has acquired the four-strong leasehold pub estate of the Distinct Group.

Licensees' 'unrealistic assumptions' of property prices

14-Sep-2017 By Michelle Perrett

Property valuers believe licensees think their pubs are worth more than they actually are, the market is less buoyant than a year ago and almost all say leasehold prices will not increase in the coming 12 months.

‘Less attractive’ tied leases slow leasehold demand

15-May-2017 By Liam Coleman

Demand for leaseholds has slowed significantly in the past three years, according to a survey from the Association of Valuers of Licensed Property (AVLP).

Business rates

Operators urged to ‘check, challenge and appeal’ business rates

17-Nov-2016 By Nicole Sutton

BNP Paribas Real Estate urged delegates at the Association of Licensed Multiple Retailer’s (ALMR) Autumn Conference to be aware of their rights when it comes to business rates.

Business rates

Legal advice on challenging your new business rates

10-Nov-2016 By Poppleston Allen

With the new draft rateable values for licensed premises available, here is how to go about challenging your new rates.

Pubs Code

New pubs code adjudicator announced

09-Mar-2016 By Emily Sutherland

The Government has announced Fleurets director Paul Newby as the pubs code adjudicator. 

The truth about property valuations

22-Jan-2016 By Ben Winstanley

Few events in a pub’s lifespan conjure such emotion as when the time comes for current owners to sell up and move on. Ben Winstanley attends a valuation to discover what publicans need to know when selling their pub

Property

MRO uncertainty and fears over ACVs dominate market

15-Dec-2015 By Paul Davey

Paul Davey, MD of Davey Co, takes us through his 2016 predictions for the freehold market.

Knockout blow for 158 Punch pub licensees

02-Sep-2015 By Ed Bedington

Interestingly enough, following on from my last piece on paranoia and the pub trade, Punch seemed determined to underline this by selling off a lot of pubs that it has been suggested would have been moving down the market rent-only option (MRO) route.

How to get the most from a rent review

16-Mar-2015 By Dan Mackernan

With plenty of time in hand, begin putting your information together, and use expert advice, so you can enjoy the spoils of a rent review, says Dan Mackernan, director of licensed leisure at international real estate services company Savills

INSIGHT

Choosing between freehold and lease

05-Nov-2014 By Stephen Taylor

Stephen Taylor, managing director of Guy Simmonds, explains the details you must consider when searching for a suitable pub

Deals worth £90m highlight strength of London market

22-Oct-2014 By Mark Wingett

The increasing strength of the property market in London has led to the completion of three deals with a combined value of just under £90m.

Leading industry figures sign open letter demanding business rates overhaul

16-Sep-2014 By Ellie Bothwell

More than 100 companies, including leading firms in the pub trade, have signed an open letter calling for an overhaul of the business rates system.

The value of tenants' alterations

02-Sep-2014 By Jonathan Essex

Improving your pub is vital to sustain and grow business. But how does it affect your property’s rent and valuation? Jonathan Essex, associate director at Colliers International, shares his advice for tenants

Public inquiry into developer's plans for Hackney pub adjourned

30-Jun-2014 By James Wallin

Campaigners and council officers squared up to the owner of a vacant Hackney pub at a public inquiry this week.

Lib Dem 'pro pub' measures are 'naïve', say property agents

18-Mar-2014 By Ellie Bothwell

Pub property agents have criticised the Liberal Democrats’ approval of ‘pro-pub measures’ last week, claiming that they are “naïve” and would be difficult to implement in practice.

Legal Q&A: Insurance for pubs

19-Feb-2014

For any pub or licensed trade premises, insurance is essential. Some forms of insurance are compulsory for licensees and others are optional, though all help in providing financial protection against a wealth of situations. Here are some answers to a...

Cubitt House arrives into King's Cross

28-Jan-2014 By John Harrington

Upmarket pub operator Cubitt House will open a new venue on Granary Square within the Kings Cross redevelopment in London in mid-2015.

Energy-efficiency planning report welcomed

09-Dec-2013 By Ellie Bothwell

UK property representatives have strongly welcomed a new report calling for the Government to help improve the energy efficiency of commercial buildings.

Punch seeks tenants for 20 Scottish pubs

16-Oct-2013 By John Harrington

Tenants are being sought for a portfolio of 20 Punch Taverns pubs in Scotland.

Deadline set for Convivial bids

02-Sep-2013 By John Harrington

A deadline of midday on 9 September has been set for first-round bids for Convivial, the six-strong London-based pub operator led by Kris Gumbrell.

Neil Morgan: Price growth sees north/south undivided

26-Jul-2013 By Neil Morgan

A lot has been written, said and debated about the north/south property divide in recent times — particularly in relation to the housing market. Yet, the discussion hasn’t been limited to residential premises — indeed, the north/south divide in the pub...

Keltek plans Cornish estate of 20 pubs

10-Jul-2013 By John Harrington

Keltek Cornish Brewery, the Cornwall-based brewer, plans to build an estate of 20 tenanted pubs over the next 10 years after spending £1.6m buying and renovating four sites, founder Stuart Heath has told M&C Report.

Residents save Berkshire pub Tally Ho from change of use

08-Jul-2013 By Noli Dinkovski

Local residents have saved a Berkshire pub from being turned into flats after managing to raise the cash to buy the freehold from property developers.

South London pub campaigners apply for asset of community value status

20-Jun-2013 By Noli Dinkovski

Campaigners who are fighting to save a south London pub closed for three years have applied for it to be listed as an asset of community value (ACV).

Campaign to save Caledonia pub receives boost from Admiral Taverns

21-May-2013 By Noli Dinkovski

A campaign to save an historic Liverpool city-centre pub has received a boost after Admiral Taverns agreed to sell the leasehold as a going concern.

Marston’s sells 27 newbuild pubs to Legal & General Property

20-May-2013 By John Harrington

Marston’s, the brewer and pub operator, has sold a package of 27 newbuild pubs to Legal & General Property in a sale and leaseback deal worth just under £70m.

Luke Johnson: Operators 'restricting themselves' by only seeking freeholds

29-Apr-2013 By John Harrington

The value of freeholds in the sector can be an “illusion” and operators are restricting themselves if they avoid leaseholds, according to serial industry investor Luke Johnson.

Pub property agents see rise in leasehold deals

27-Feb-2013 By Gurjit Degun

Pub property agents are seeing more leaseholds deals as access to finance continues to prove difficult.

Leasing becoming more attractive than selling for freehold pub owners

20-Feb-2013

I have noticed that the owners of freehold premises are starting to realise that they have a better option than ‘cutting their losses’ and selling up.

A third of new Hall and Woodhouse tenants recruited from managed houses

16-Jan-2013 By Ellie Bothwell

A third of Hall & Woodhouse tenants were recruited from managed houses in the last two years, it has been revealed.

Number of pubs selling for change of use doubles since 2009, says Savills

14-Nov-2012 By Gurjit Degun

The percentage of pubs selling for alternative use has nearly doubled since 2009, according to figures from property agent Savills.

Pub property agent hits out at property developer tactics

26-Sep-2012 By Gurjit Degun

A property agent has hit out at property developers who are trying to push out their pub tenants by increasing the rent, upping the wholesale price of tied products, or supplying substitute products that do not suit the customers.

Admiral unveils first right to buy

20-Apr-2012 By John Harrington, M&C Report

Admiral Taverns, the tenanted pub operator, has revealed details of the first agreement it has signed with a tenant that gives them the opportunity to buy the freehold of the pub from three years into a lease.

Pubs in squatters warning

16-Nov-2011 By Gurjit Degun

Pub owners are being warned of an increase in squatters targeting empty commercial property after the Government introduced legislation making it illegal to squat in residential buildings.

Ex-Tchenguiz pubs in admin

02-Sep-2011

Administrators have been appointed to a further 37 pubs that were formerly part of Robert Tchenguiz’s pub property empire.

The boom: a field day for spivs and sharks

14-Jul-2011 By The PMA Team

It's good to see justice arrive on Shaun Kiely's doorstep, writes Publican's Morning Advertiser editor, The PMA Team.

Punch tenants get freehold warning

30-Jun-2011 By Gurjit Degun

Punch tenants are being advised to contact their bank managers and get an independent valuation to make sure they are well-placed to buy the freehold...

BISC Committee inquiry starts today

30-Jun-2011 By Ewan Turney

The first hearing for the Business, Innovation & Skills Committee's (BISC) follow-up inquiry into pubcos begins today (30 June).

BISC pubco hearing set for 30 June

24-Jun-2011 By John Harrington, M&C Report

The first hearing for the Business, Innovation & Skills Committee's (BISC) follow-up inquiry into pubcos is scheduled for next Thursday (30 June).

Brook Leisure plans casino

20-Jun-2011 By Mark Wingett, M&C Report

Brook Leisure has submitted plans to develop a leisure scheme on the site of the former National Union of Mineworkers' in Sheffield.

Robert Tchenguiz arrested over bank collapse

09-Mar-2011 By Hamish Champ

Robert Tchenguiz, the property developer who once owned nearly a quarter of Mitchells & Butlers (M&B), has been arrested as part of an...

Licensees get more time for energy ads

02-Feb-2011 By Gurjit Degun

Licensees have been given more time to abide by a requirement to advertise the energy efficiency of their pubs when selling them. The new regulation...

Q&A: Christie+Co on pub property market

26-Jan-2011 By Gurjit Degun

Christie+Co's director of restaurants, Simon Chaplin, talks to the Morning Advertiser about the pub property market.

Exclusive: Grand Union signs for 7,000 sq ft site

11-Jan-2011 By The PMA Team

Grand Union, the fast-growing London-based multi-site operator, has signed to open its biggest site yet. The company is to open Grand Union...

Property Law: Is your public house a house?

18-Nov-2010

Subject to meeting relevant criteria under the Leasehold Reform Act 1967 a leaseholder may be able to forcefully acquire the freehold of his/her pub....

Wetherspoon buys Weston-super-Mare venue

15-Nov-2010 By Ewan Turney

JD Wetherspoon has bought the freehold of a substantial leisure unit in Weston-super-Mare, Somerset for an undisclosed sum. Cabot 5 Bars is a...

Community pub buy out plan fails

11-Oct-2010 By Lesley Foottit

A community's attempt to take on the local pub and restore basic village services fell at the last hurdle despite raising more than £200,000. The...