Property Law

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.

Oxford's Lamb & Flag to close as 'not currently financially viable'

26-Jan-2021 By Emily Hawkins

A historic pub is to close after four centuries after the pressures of the pandemic rendered it unable to break even.

Millions of pounds lost in unpaid rent

22-Jan-2021 By Nikkie Thatcher

At least £90m worth of rent has gone unpaid to pub companies due to the coronavirus pandemic over the past year.

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.

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.

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.

New leaseholders to take on ‘illegally destroyed’ Carlton Tavern

07-Jan-2021 By Nikkie Thatcher

A London pub that was 'illegally knocked down' will reopen this year after new leaseholders have been found.

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.

Opinion

‘Tied tenants are not yet fully accessing insurance price match rights’

21-Dec-2020 By Fiona Dickie - pubs code adjudicator

The pubs code is not just about market rent only. I want to highlight code rights relating to insurance which apply each time the pub company signs a new tenant or buys and charges a tied tenant for insurance for the pub.

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.

Estimated 2,500 pubs lost in 2020

09-Dec-2020 By Nikkie Thatcher

More than 2,000 pubs have been lost this year, over double the number in previous years, it has been estimated.

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.

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.

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.

‘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.

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.

Breaking

Covid vaccine sees pubco shares rise

09-Nov-2020 By Nicholas Robinson

Major pubco share prices rocketed today following the announcement of a coronavirus vaccine by pharmaceutical companies Pfizer and BioNTech.

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.

Property round-up

42 pub package from Stonegate and Ei, Revolution to close six sites, Everards to open new home

28-Oct-2020 By Stuart Stone

A number of parties have reportedly made bids for a 42-pub package of Stonegate and Ei sites, Revolution Bars Group has launched a CVA while Everards Meadows has been earmarked to open in Spring 2021.

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...

Property round-up

New sites for Trust Inns and Arc Inspirations

07-Oct-2020 By Stuart Stone

While multiple operators Trust Inns and Arc Inspirations have both announced expansions, brewer and pub operator Greene King announced the closure of more than half of its Loch Fyne sites.

Former PCA Newby back in the pub property game

06-Oct-2020 By Ed Bedington

Former pubs code adjudicator (PCA) Paul Newby is stepping back into the pub property market in tandem with Matthew Philips Surveyors.

Two thirds of operators forced to consider restructuring or insolvency

06-Oct-2020 By Nikkie Thatcher

Some 69% of hospitality and leisure operators are having to weigh up insolvency or a restructure with current rent levels remaining unaffordable for the vast majority of companies, new research has found.

Property round-up

Star Pubs & Bars and Hook Norton Brewery revive listed pubs

30-Sep-2020 By Stuart Stone

Heineken's pub arm pledged more than £600,000 to reopening a Dundee pub which has been closed for the last four years while Oxfordshire-based Hook Norton Brewery has put wheels in motion at a 17th century coaching inn.

Property round-up

JDW and Star unveil £700k refits, BrewDog confirms half a dozen UK sites ‘under construction’

23-Sep-2020 By Stuart Stone

Nationwide pub operators JD Wetherspoon (JDW) and Star Pubs & Bars both revealed pub projects costing in the region of £750,000, while BrewDog detailed its continued expansion.

Eviction moratorium extension 'stay of execution'

16-Sep-2020 By Emily Hawkins

The Government has extended eviction protection for commercial tenants until the end of 2020.

Property round-up

Pubco projects top £10m, Murdoch money to revive Camden stalwart, Top 50 Gastropub on the market

16-Sep-2020 By Stuart Stone

Operators including JD Wetherspoon, Robinsons and Hall & Woodhouse all provided updates on seven-figure pub projects, while Elisabeth Murdoch is reportedly looking to restore Koko in Camden.

Government urged to act on rent crisis to prevent ‘hospitality bloodbath’

14-Sep-2020 By Stuart Stone

UKHospitality (UKH) has warned the Government that failure to resolve the ongoing rent crisis will trigger a “bloodbath” of hospitality businesses failures and thousands more job losses.

315 pubs lost for good so far in 2020

14-Sep-2020 By Nikkie Thatcher

More than 300 pubs have been permanently closed, set to be demolished or converted for other uses according to exclusive data for the 34 weeks and six days to 1 September 2020.

Property round-up

Two pub groups saved from administration, Red Fox & Peacock invests £1m in first freehold

09-Sep-2020 By Stuart Stone

Hospitality groups Out Of the Woods and East Coast Concepts have both found buyers after being placed in administration while north west pub operator Red Fox & Peacock is poised to open its first freehold site following a seven-figure investment.

Property round-up

Shepherd Neame invests £1.5m, Inn Collection Group’s 15th site, BrewDog Plymouth confirmed

02-Sep-2020 By Stuart Stone

In addition to Kent-based brewer and operator Shepherd Neame investing a seven figure sum in one of its waterside pubs, Greene King, The Inn Collection Group and BrewDog have all confirmed new venues.

Property round-up

Beavertown’s new home, Roxy Liverpool reopens, Redcomb founders add to Prospect portfolio

26-Aug-2020 By Stuart Stone

The creator of Neck Oil and Gamma Ray has unveiled its £40m new home, Redcomb's founders have added a second site to their portfolio of Prospect Pubs and Roxy Liverpool has undergone a £100,000 revamp.

How has the coronavirus pandemic affected the pub property market so far?

19-Aug-2020 By Stuart Stone

Experts from Fleurets, Davey Co and Christie & Co dissect the pub property market and highlight a number of sector trends emerging amid the ongoing Covid-19 crisis.

Property round-up

Venues saved from administration, £2.6m JDW pub plans approved

19-Aug-2020 By Stuart Stone

Two venues in Leeds' city centre have been saved from administration while JD Wetherspoon (JDW) has had plans for a new £2.6m site in Felixstowe, Suffolk, approved.

Two more pub and bar operators face administration

12-Aug-2020 By Stuart Stone

The Morning Advertiser (MA) understands that London pub operator Out of the Woods Group and Leeds-based bar group APN have both gone into administration.

Property round-up

Coaching Inn Group adds 18th site, Roseacre approaches double figures, pub reopenings outstrip restaurants

12-Aug-2020 By Stuart Stone

Roseacre Pub Company and The Coaching Inn Group provide updates on their growing estates, while CGA figures reveal that pubs are reopening at a quicker rate than restaurants.

Government urged to cover half of unpaid pub rent

11-Aug-2020 By Emily Hawkins

A coalition of trade bodies representing landlords and tenants within the pub sector has called on the Government to introduce a grant to help solve a growing rent crisis.

'Wartime footing’ as business rates appeals soar

06-Aug-2020 By Emily Hawkins

The Valuation Office Agency (VOA) has revealed that almost 145,000 businesses registered to begin the process of challenging their property valuations during April, May and June.