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By M&C Report team2008-07-30T16:51:00+01:00
The Great British Pub has become the subject of fervent interest from international investor groups looking for operational real estate. But is the sector as distressed as these funds believe?
Star Pubs & Bars is to extend its 90% rent reduction for pubs and core leased and tenanted agreements in England, until 16 May.
JD Wetherspoon (JDW) has earmarked 394 of its pubs for reopening on 12 April, but they are due to operate under reduced hours.
New World Trading Company (NWTC), has used the closure periods during the pandemic to “pause, and reflect”, in order to “set our stall out ready for the business to grow”, COO Natasha Waterfield has said.
Upham Group has said it is a strong financial position following the take-up of support offered during the pandemic, including a £1.4m CBIL, and a restructure of its operations, and keen to impress its investors.
Hawthorn CEO Mark Davies has told MCA the “sky’s the limit” for the pub company when it lists as a separate entity.
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