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Greene King extends rent relief for tied tenants

25 August 2020 by

Greene King has extended rent relief for tied tenants until October, as it announced a further £6m support package.

The move will see the pub and brewing giant gradually taper off support, which had seen reductions of 90% in June and July, falling to 50% in August. A 40% concession will then be in place for four weeks, falling to 30% for the following four weeks.

Wayne Shurvinton, Greene King Pub Partners managing director, said: "From the outset we have always said we will provide as much support for our tenants as possible and would make decisions in a fair and transparent way using all the available information.

"I'm delighted that we now have around 95% of our pubs trading again and our partners are currently trading well, thanks to making use of outside space and good weather. However, we recognise that the next few months will be challenging as we head towards autumn and winter and that more support is required, particularly as once outside spaces become less usable then the number of customers will be significantly reduced to maintain social distancing."

The latest announcement takes Green King's total support package to tied tenants to £21m, including credit towards barrels of beer and cider purchased through its brewery arm.

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