• Pub expenditure up 11.2% in 2018. The number of jobs in the pub industry is up 6% since 2008 – despite the number of pubs falling by 11,000. Page 3
  • Managed pubs − Stonegate Pub Company acquisition strategy. Page 4

  • Tenanted pubs − Many real estate investors are getting to grips with the perceived complexity but economically advantageous aspects of beer and drinks ties. Page 4

  • In the search for a better yield a growing number of property investors are taking direct operational risk. Page 5

  • We interview Ed Hancock, Property Director at Marston’s Plc who operates over 1,600 pubs nationwide. Page 6

  • A buoyant festive period of trading - the sector is not only showing resilience but also growth. Page 7

  • Case study: CBRE advised Heineken on the sale of 76 pubs and secured a one-stop solution. Page 9

  • Like-for-Like sales in managed pub and restaurant operators and transaction highlights in the pub sector. Page 10