The largest free of tie pub estate in the UK

COVID-19 SUPPORT FOR TENANTS

JULY 2021 – UPDATE:

We are pleased to see the continued unlocking of the hospitality sector and wish tenants all the best for what is hopefully a busy trading period ahead. Whilst we appreciate the primary focus will be on driving your business operationally, your property manager, to the extent they haven’t been in contact already, will be engaging with you to agree a sustainable payment plan in respect of arrears. We can advise that for arrears arising during the period 20 March 2020 and 18 July 2021 inclusive, interest will not be charged.

FEBRUARY 2021 – UPDATE: ADDITIONAL SUPPORT FOR TENANTS

As a result of the third lockdown, Wellington can confirm the following: Tenants that already have a formally documented package of support for the coronavirus pandemic, will receive a further rent-free period covering the months of January and February 2021. This concession will be automatically applied to your account. Your property manager remains your primary point of contact if you have any queries. We remain open to discussions with all remaining tenants to find a mutually beneficial solution to support them during the current and previous periods of closure brought about by the coronavirus pandemic.

DECEMBER 2020 – UPDATE: CURRENT TIERS AND RESTRICTIONS DUE TO CORONAVIRUS

Wellington shares the concerns of its tenants in these uncertain times. We await further clarification from the Government on the types and timing of measures in respect of Covid-19. We hope that our tenants remain safe and healthy at this particularly difficult time for the hospitality sector.

NOVEMBER 2020 – UPDATE:

Further to the Government announcement of the second lockdown starting on Thursday 5th November 2020 and remaining in force until Wednesday 2nd December 2020, Wellington can confirm the following: Tenants that already have a documented package of support for the coronavirus pandemic, will receive a further rent free period covering the latest lockdown of 5/11/2020 – 2/12/2020. The relevant Property Manager will be in contact to discuss with you directly. We remain open to discussions with all remaining tenants to find a mutually beneficial solution to support them during the current and previous periods of closure brought about by the coronavirus pandemic.

OCTOBER 2020 – UPDATE:

As at today, over 50% of Wellington Tenants have agreed to a package of rent free and rent concessions along with an extended lease agreement to assist them during this time and to allow them to recover from the significant drop in trade experienced during the enforced closure of hospitality businesses between March 21st and July 3rd 2020. We are continuing to work with the remaining Tenants to support them and agree a mutually satisfactory outcome that keeps their pubs open and our tenants successfully in business. This is a challenging target, but we can assure you that we have a dedicated and experienced team in Criterion, who are committed to working hard and supporting our tenants through this crisis. We wholly appreciate the anxiety and indeed the concern shared by publicans across the country at this time. We value every single one of our tenants and are determined to work with them through this unprecedented crisis. We have already confirmed that until meaningful dialogue has taken place, Wellington will not be taking any action with regard to rent arrears that may have arisen since the start of the Covid-19 crisis and specifically the period relating to the shutdown of hospitality businesses across the UK from March – July. As such, we want to take this opportunity to be absolutely clear that we want to work together with our tenants as we do not want to see them lose their businesses solely due to the Covid-19 crisis. Wellington Pub Company, as a business, also has obligations in the form of a securitisation for which payments must be made quarterly and as per earlier statements, invoices continue to be raised in accordance with lease / tenancy agreements and other legal requirements.

Our Offer

A wide range of pub opportunities located throughout England and Wales. A wide variety of different pub sizes and styles including town centre, urban and village settings, destination “food-led” sites and wet-led community pubs. Your business model need not be a pub only, the Free of Tie lease allows you to move into a mixed bar/restaurant business or 100% restaurant format; you have the freedom to choose. You have the autonomy to run your business the way you want to, but in the knowledge that you have a dedicated Property Manager as a point of contact. Ability to charge the lease to an authorised bank or other authorised lender. Free of all trading ties allowing you the freedom to source your own preferred product range from any supplier.

Case Studies

Free Of Tie