Archives for June 2, 2014

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Punch agrees to sell five pubs for £9.7m

By Mark Wingett

Punch Taverns has agreed to sell five freehold pubs in central London to Manica Properties Ltd, an Isle of Man-based company, for £9.7m.

Statutory code: Government publishes long-awaited response

By John Harrington

The Government has confirmed that it will introduce a statutory code to govern the pubco/tenant relationship but has stopped short of having a mandatory free-of-tie or market-rent only option, and will also not scrap the beer tie.

Stonegate-operated package sold in £28m deal

By Mark Wingett

OLIM Property, the property investment company led by former Liberal Democrat Treasury spokesman Matthew Oakeshott, has acquired 15 freehold pubs let to Stonegate Pub Company for £28.3m.

Vince Cable: Why we are acting on pubcos

By Vince Cable

Vince Cable, the Secretary of State for Business, Innovation and Skills, talks about the reasoning behind the Government’s intervention in the pub sector, the consultation process, new policy and its proposed benefits.

New campaign for Gentleman Jack

By Robyn Black

Twenty-six to 34-year-old drinkers looking for a more refined tipple are the target of a new campaign for Gentleman Jack American whiskey.