Renting

Publican secures 40% rent reduction with Punch

14-Dec-2012 By Gurjit Degun

Brewer and pub operator Nick Davis of Hobsons brewery has secured a 40% rent reduction with Punch Taverns.

Red Oak Taverns eyes tenants for three pub sites

10-Dec-2012 By M&C Report

Red Oak Taverns, the company set up by two former associates of Robert Tchenguiz, is seeking tenants for the first handful of pubs it has invested in out of the 32 it acquired at the start of this year.

Landlords may start forcing rent reviews, says pub property agent Fleurets

02-Nov-2012 By Gurjit Degun

Landlords who have bought pubs as an investment may start forcing rent reviews - that’s the warning from Fleurets director David Sutcliffe.

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.

Own a freehold? Why you should consider letting your pub

13-Sep-2012 By Simon Hall

Is selling the freehold of your pub proving to be difficult? Simon Hall, director and head of pubs at Fleurets, explains why you should consider letting.

Luke Johnson calls for 'wholesale' change in landlords and tenant relationship

12-Sep-2012 By Mark Wingett, M&C Report

Luke Johnson, the serial sector investor, criticised landlords during his keynote speech at the BCSC conference, calling for wholesale changes to the relationship between landlords and tenants.

Agents see 'ever increasing demand' for pubs in Suffolk

05-Sep-2012 By Gurjit Degun

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.

Harveys could apply pub franchise agreement to future pub acquisitions

24-Aug-2012 By John Harrington, M&C Report

Harveys, the Sussex brewer and pub operator, could apply its pub franchise agreement to future pub acquisitions, joint managing director Hamish Elder has revealed.

Pub tenants warned to keep an eye on rent review dates

01-Aug-2012 By Gurjit Degun

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.

Evan Evans reveals new tenancy strategy

25-Jul-2012 By John Harrington, M&C Report

Evan Evans, the Welsh brewer and pub operator, is launching a tenancy agreement whereby the tenants keep the profits from their pub after an annual profit target has been met.

Isn’t talk of credit a little premature?

18-Jun-2012

Well it seems that credit was being tossed around in abundance last week. No sooner had fellow blogger Mark Daniels suggested we acknowledge the positive changes taking place within the BII than PMA editor Rob Willock pops up and asks us to give property...

Punch puts the lease of licensee Dave Mountford's Rising Sun up for sale

07-Jun-2012 By Michelle Perrett

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.

Bernard Brindley takes over BII chairmanship following Grant departure

18-May-2012 By Michelle Perrett

Bernard Brindley has been unveiled as the new chairman of the BII, following Martin Grant’s resignation earlier this week.

Marston's launches new Pegasus tenancy agreement which caps rent

02-May-2012 By John Harrington, M&C Report

Marston’s has launched a new tenancy agreement called Pegasus designed to allow rent to go up and down in line with beer volumes.

Dave Mountford agrees "private" deal with Punch over rent review

02-May-2012 By Michelle Perrett

Punch Taverns and controversial licensee Dave Mountford have come to an agreement over the rent review of his pub the Rising Sun, Middleton, Derbyshire - although the details are not being disclosed.

If pubs could talk

01-May-2012 By Robert Sayles

Wondering home, I became lost in thought following a pleasant evening spent at a friend’s house..... Suddenly, a voice. “Bob”. Looking around there wasn’t a soul in sight; the street appeared completely deserted, save for a cat perched on a nearby wall.

Punch licensee Dave Mountford heads to court on 3 May over lease

13-Apr-2012

A court hearing between Punch Partnerships and licensee Dave Mountford of the Rising Sun in Middleton, Derbyshire, is due to take place on 3 May at 3pm, at Derby County Court.

Thomas snaps up four sites

04-Apr-2012 By Mark Wingett, M&C Report

Steve Thomas, the former head of Luminar, has picked up four sites formerly operated by his old company after landlord X-Leisure assigned the leases of the units to his nightclub-operating firm We Are Dance.

Punch issues proceedings against Dave Mountford

27-Mar-2012 By Michelle Perrett

Punch Partnerships has issued legal proceedings against licensee Dave Mountford of the Rising Sun, Middleton, Derbyshire.

Why I’m calling time on (part of) the trade

23-Mar-2012 By Michael Kheng

For those who follow Kurnia Licensing on Twitter and Facebook you will already be aware of my plans to exit the retail side of the industry.  Over the past few years I have reduced the estate down to four outlets — three freeholds and one leasehold.

Luminar opts for sale and leaseback

21-Mar-2012 By Mark Wingett, M&C Report

Luminar, the nightclub operator bought out of administration by a consortium led by industry veteran Peter Marks in December, has appointed advisors to oversee a £32m sale and leaseback of 15 freehold sites.

Settlement for JDW in Van de Berg case

06-Mar-2012 By John Harrington, M&C Report

JD Wetherspoon (JDW), the managed pub operator, has won a settlement in relation to fraudulent property transactions involving the company’s former property agent Van de Berg.

Batemans offers new lease agreement

24-Feb-2012 By Gurjit Degun

Lincolnshire-based pub operator and brewer Batemans has unveiled a new tenancy agreement that offers licensees free-trade prices on all drinks.

FLVA defends decision over fees

14-Feb-2012 By Tony Halstead

The FLVA has defended its decision to impose a premium fee for new members for handling major negotiations such as rent reviews and dilapidations charges.

BBPA publishes new Industry Framework Code

22-Dec-2011

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.

Leasehold pub prices increase, says Fleurets survey

07-Dec-2011 By Gurjit Degun

The average sale price of a leasehold pub has increased by 16% to £46,879, compared to £40,421 in 2010, according to a survey into pub prices by Fleurets.

Music fees prompt rent review calls

30-Nov-2011 By Gurjit Degun

A raft of rent reviews could be looming as a result of the proposed increased charges by music-royalties collections firm PPL.

Admiral launches 'right to buy' option

25-Nov-2011 By Gurjit Degun

Admiral Taverns has introduced a right-to-buy option for selected tenants who will have the opportunity to purchase the freehold of their pub from three years into a lease.

BIS: Government shuns statutory code

24-Nov-2011 By Michelle Perrett

The Government has failed to introduce a Statutory Code of Practice to manage the pubco/tenant relationship in its response to the recommendations of the Business, Innovation and Skills Committee (BISC).

'Pantogate' saga masks BISC inquiry issues

24-Nov-2011 By David Elliott

Interesting comments last week from Ted Tuppen regarding the Business, Innovation & Skills Committee inquiry (BISC). While calling the process a ‘political pantomime’ was probably going too far, this one-liner has led to a lot of unnecessary objections...

Energy ratings threat to leased pubs

02-Nov-2011

Thousands of licensees may have to take steps to increase energy-efficiency at their pubs if they are to be leased after 2018, or face being removed from the rental market.

Are you a lamb to the slaughter?

01-Nov-2011 By Robert Sayles

Neil Robertson recently stated that the prospect of naive new tenants entering the trade was a major source of concern. With this in mind I’ve devised a questionnaire so that those thinking about entering the trade can gauge whether or not they fully...

RPI rises to 5.6% in August

18-Oct-2011

The Retail Price Index (RPI) measure rose to 5.6% from 5.2% in August, according to the Office of National Statistics.

BBPA survey shows pub operating costs at 35%

22-Sep-2011 By Ewan Turney

The average cost of running the average tenanted or leased pub stands at almost 35% (34.54%) of turnover, according to a major new survey of 12,000 pubs undertaken by the British Beer & Pub Association (BBPA).

BISC: BBPA claims statutory code will close more pubs

20-Sep-2011 By Ewan Turney

The British Beer and Pub Association has hit back at the Business, Innovation and Skills Committee, claiming its recommendations for a statutory code of practice will lead to more pub closures.

Fair Pinters launch new business to help pubco tenants

20-Sep-2011 By Ewan Turney

Two key members of the anti-beer tie Fair Pint campaign — David Morgan and Simon Clarke — have joined forces to launch a new business to help secure better deals for tenants.

Fresh news from the real world of rents

02-Sep-2011 By The PMA Team

Some things have changed for the better in tenanted pubs, some haven’t. At some of the bigger companies, rent-setting mechanisms have taken a step backwards in recent years.

Rent concessions down at Adnams

31-Aug-2011 By John Harrington, M&C Report

Adnams, the Suffolk-based brewer and pub operator, has revealed that rent concessions for tenants have fallen in the past year.

BBPA defends pubcos after new study

31-Aug-2011

The British Beer & Pub Association (BBPA) has defended pubcos treatment of tenants after they were slammed in a report from the Institute of Public Policy Research (IPPR).

Simon Collinson: the turn-around expert

23-Aug-2011 By Phil Mellows

Over two decades Oak Taverns has evolved a complex business model, managing, leasing and brewing. But it seems to work. Phil Mellows asks managing...

Commercial leases 'the most flexible ever'

23-Aug-2011 By John Harrington, M&C Report

Commercial landlords are offering "the most flexible lease regimes ever", leading to a greater take-up of longer leases. That's according to the British Property Federation's (BPF) Annual Lease Review for the Mary Portas high street...

Enterprise Inns: continued improvement in trading

04-Aug-2011 By Ewan Turney

Enterprise Inns has reported a "continued improvement" in performance with average net income per pub up by over 1% in the past 18 weeks — compared...

'Hold pubcos to what they say on codes'

20-Jul-2011 By Gurjit Degun

Licensees have been urged to read their pubco codes of practice and "hold pubcos to what they say" — that's the view of Nigel Ball, senior director...

Average cost of running a pub has stabilised, says ALMR

14-Jul-2011 By MA Reporter

The cost of operating Britain's pubs has stabilised for the first time since the smoking ban of 2007, according to the fifth benchmarking survey by the ALMR.

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.

BISC: PIRRS is 'valuable'

07-Jul-2011 By Michelle Perrett

The BII's Neil Robertson said that the Pubs Independent Rent Review Scheme (PIRRS) is not "spectacular" but is "valuable".

ALMR: Pubs need government backing

05-Jul-2011 By Adam Pescod

Britain's pubs and bars have a firm platform from which to deliver economic growth and jobs, but only if they receive the necessary backing from the...

Punch tenants first up in hunt for bargains

16-Jun-2011 By The PMA Team

The obvious and rather high hurdle for tenants remains the need to raise a lot of equity to obtain the necessary bank lending, says The PMA Team.

BII's call to tied tenants over machine income

02-Jun-2011 By Ewan Turney

The BII has urged tied tenants to be aware of how pubcos are treating machine income in regard to rental negotiations.

Marston's tenants back Retail Agreement

31-May-2011 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.