Property Law

Martin: expansion plans

10,000 new pub jobs at JD Wetherspoon

By The PMA Team

JD Wetherspoon is to open 250 pubs in the next five years — creating 10,000 new jobs in the process. The managed operator today announced plans to invest £250m on opening new outlets.

Fleurets survey: leasehold sales decimated

Leased pub sales 'decimated'

By Gemma McKenna

Sales of leased pubs have been "decimated" over the past year, while pubco disposals dominate the market, says Fleurets.

Nevill Crest & Gun: snapped up by Brunning & Price

Brunning & Price buys Whitbread pub

By The PMA Team

Brunning & Price, the pub operator owned by the Restaurant Group, has bought the freehold of Whitbread's Nevill Crest & Gun in Kent, which...

Enterprise: no code of practice rent reviews for free of tie lessees

Free-of-tie lessee 'out in the cold'

By John Harrington

Enterprise Inns has been criticised for refusing a code of practice (CoP) rent review to a licensee because his lease is free of tie.

IFBB: tenants happy with tie

Pub tenants love the family way

By John Harrington

Family brewers have told the European Union their tenants are happier and better off than those on newer pubco-style leases. It's a clear attempt to distance themselves from national pubcos as the EU probes the tie for its review of opt-outs.

Caught out: 10,000 pubs may get

Pub rate cuts labelled as 'spin'

By Gemma McKenna

One in five pubs promised big cuts in business rates will actually get much smaller reductions in the short term. More than 450 sites will not see...

Thwaites: off-loading eight pubs

Thwaites puts eight pubs on the market

By The PMA Team

Brewer and pub retailer Thwaites has put eight pubs up for sale across East Lancashire with restrictive covenants on at least two of them. The pubs...

Under the hammer: more pubs at auction

Enterprise Inns auction pubs revealed

By The PMA Team

The names of the seven Enterprise Inns pubs in London to be sold at a Cushman & Wakefield auction in December have been unveiled. Enterprise...

John Milan, Lauren and Alex Brazier (pub managers), Steve Bellman

St Austell swoops for Three Crowns Hotel

By Ewan Turney

Cornish brewer and operator St Austell has acquired the Three Crowns Hotel in Chagford, Devon. The 13th Century Inn will be run by experienced...

Greyound in Finchampstead is one of the Urban & County Leisure sites

Urban opens 3 new pubs

By The PMA Team

Urban & Country Leisure, the managed multiple headed by Ross Sanders, has opened three new pubs to take its estate to 12 sites. It has...

Almanack: Peach's first city centre venue

Peach opens first city centre pub

By Tony Halstead

Peach has unveiled the latest addition to its pub estate, an £800,000 investment in a new build site the Almanack in Leicester city centre.

Longshot is looking to buy pubs

Longshot raises £30m to buy pubs

By Ewan Turney

The former owners of the Groucho Club and London's first 24-hour restaurant have raised £30m to buy pubs, bars, restaurants and hotels. Longshot,...

Loungers: the Trago Lounge in Portswood, Southampton

Loungers' new site in Southampton

By The PMA Team

Loungers has opened a new site in a suburban part of Southampton and has two openings lined up for the next six months.

Red Lion: estimated licensee profit of £52,665

Punch to forecast profits for lessees

By Ewan Turney

Punch Taverns has begun to advertise the estimated profit a licensee could expect to obtain from leasing one of its pubs, along with a flexible plan of discounts and rents. It is part of its drive to become "more transparent".

Cross Keys: latest addition for Oak Taverns

Oak Taverns plans pub microbrewery roll-out

By Gemma McKenna

Oak Taverns has opened a microbrewery to supply the latest pub in its estate, and plans to roll out the concept to seven more sites. The firm bought...

The Orange: third site for Cubitt House

£1m refurb for Cubitt's Orange

By Gemma McKenna

Upmarket pub operator Cubitt House has just opened its third site, the Orange in London's Belgravia, following a £1m refurbishment. Owners Barry...

Enterprise Inns: more pubs on offer at auction

Enterprise to raise £10m more at auction

By The PMA Team

Enterprise Inns is hoping to raise a further £10m by selling the freeholds of seven pubs at an Allsops auction planned for 3 December. The company...

Morgan: fourth site

Abbey Inns adds fourth pub

By The PMA Team

Abbey Inns has taken a fourth pub in its home city of Bath — it's added the pub next door to its brewery, Bath's famous jazz pub, Ye Old Farmhouse,...

Gusto: growing portfolio

Gusto's two tie-free sites

By The PMA Team

Southampton-based pub group Gusto Inns has added another two sites to its portfolio, bringing its total to eight. Group founder Maurice Toal has...

Tchenguiz: deal with Heineken

Heineken to take over Globe

By Martyn Leek, M&C Report

Heineken will takeover the Globe Pub Company in late 2010 - following its £180m acquisition today by a holding company.

Real ale pub: Ye Olde White Bear is in Hampstead, London

Forest Inns buys second outlet

By Gemma McKenna

London operator Forest Inns has bought its second site — Ye Olde White Bear in Hampstead. The Punch lease was sold off an asking price of...

The Marischal: closed for two years

BrewDog buys first pub

By Ewan Turney

Controversial Scottish micro-brewer BrewDog has acquired its first pub — the Marischal in Aberdeen.

Brownhill Bateman: name change

Pub property agent to change name

By Tony Halstead

South Yorkshire-based property agents and valuers Brownill Bateman is revert to its old name of Brownill Vickers to celebrate its 125th anniversary.

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