Pub company Greene King has notified its tenants of a delay in the collection of associated payments until further notice.
The news follows the government recommending social distancing to the public, resulting in hospitality footfall decreasing by 45%.
According to the Morning Advertiser, Pub Partners, which oversees Greene King’s independent licensed venues informed partners yesterday (17 March) via email. Managing director Wayne Shurvinton said: “As you would expect we have been working through the recent government advice to understand what this means for you, our customers and employees.
“While we await further advice from the government today we have taken the decision to delay the collection of rent and the associated charges of insurance, licensing and maintenance and service until further notice.”
He added: “Please rest assured these circumstances and the situation we all find ourselves in is being treated as our utmost priority. We know this is very unsettling and we are working closely with our industry trade bodies to seek the clarity we all need.
“I fully appreciate this is a worrying time, not just for business reasons but also for personal reasons, especially concerning the health and wellbeing of our family and friends. My thoughts are with you all at this time as we continue to review the support we’re able to provide while this situation continues to evolve.”
CEO of UK Hospitality Kate Nicholls tweeted in support of the move, she said: “Sensible move by Greene King- hope other landlords, Pubco and commercial/institutional take a similar approach. Rent holidays will be critical at the end of month.”
Greene King’s portfolio includes over 3,000 pubs across the UK and employs over 38,000 people.