More than 150 pubs in England and Wales called last orders for the final time in the first three months of this year.
Statistics issued by Altus Group (based on official government data) revealed that 51 closed per month – a total of 153, which is almost double the figure for the same period in 2022.
While that’s very sad news for the owners, employees, regulars that the pubs serve, it does create investment opportunities for property buyers who want to play a part in regenerating the communities that are affected. In particular, it opens up some interesting options for syndicates, partnerships OR groups of individuals that want to benefit from the tax advantages of purchasing a commercial property through a SIPP (Self-Invested Personal Pension).
STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.