Investors bet big on comeback for UK pubs

first_img Commercial Real EstatehospitalityUnited Kingdom Share via Shortlink Redcat Pub Co. founder Rooney Anand. (Morrisons Corporate, Getty)It’s been a tough year for pubs in the United Kingdom, but some investors are more than optimistic that those beloved institutions will bounce back.Los Angeles real estate investor Oaktree Capital Management recently announced it would invest 200 million pounds — or around $278 million — into the recently founded hospitality venture Redcat Pub Co., according to the Wall Street Journal.Redcat was founded by Rooney Anand, the former CEO of Greene King, the country’s largest pub retailer. Anand reportedly plans to buy up smaller pubs in the south and east of England, the publication said, citing sources close to the firm.With coronavirus vaccines rolling out in the U.K., 2021 could be a big year for the sector. Investment bank Numis recently released a report predicting that Brits will flock to the country’s pubs after more than a year of lockdowns.ADVERTISEMENTThe number of pubs has steadily fallen over the last several years: There were some 60,000 pubs in 2000, but that’s since fallen by about 20 percent. After the pandemic hit, the British government subsidized unemployment payments to furloughed pub workers, which has helped owners stay afloat, said Stephen Owens with Christie & Co.“There has not been a fire-sale situation,” he told the Journal. “We have got more buyers than we have got sellers.”Other sectors haven’t fared so well. Office and retail vacancies in the U.K. are rising at a pace not seen since 1999.[WSJ] — Dennis Lynch  Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Tagslast_img read more

07 New fruit trees

first_imgThe new Attapulgus fruits are Sunsplash nectarine and WhiteRobin, Gulfking, Gulfcrest and Gulfprince peaches. Apricotvarieties are being developed, too. Plant breeders hope to have acommercial variety in about 10 years.The breeders’ emphasis is on the early season, so fruit farmerscan harvest for a better market window. But the peach andnectarine varieties are excellent for both home and commercialorchards.They’re a good fit in the home garden because early-ripeningvarieties require much less spraying for bugs and blight thanmid- and late-season varieties.Fewer spraysFor early-season peaches, sprays of an insecticide-fungicidecombination when the flower petals drop off and about 10 dayslater will often be all you need in your home orchard. It may notgive you picture-perfect fruit, but most home gardeners can livewith that.You may need another fungicide spray for brown rot close toharvest, a peach tree borer spray in September and two oil spraysfor scale during the winter.See your University of Georgia Extension office for a moredetailed spray guide, prepared by the UGA fruit insect anddisease specialists.The new fruit varieties come from a cooperative peach andnectarine breeding program between the U.S. Department ofAgriculture, University of Florida and UGA.Breeders’ resultsBreeders from those institutions have been developing new peachesand nectarines since 1991. While their work benefits homegardeners, the project’s aim is to benefit the agriculturaleconomy of south Georgia and north Florida. The results so far:Sunsplash nectarine blooms in lateFebruary and ripens inmid-May. It produces a sweet fruit of medium size.White Robin peach blooms in lateFebruary and ripens in mid-May.It bears a sweet, white-flesh peach with melting flesh. It’srecommended for home gardens, local sales and distant shippingwith careful handling.Gulfking peach blooms in mid tolate February and ripens in earlyMay. It has yellow, nonmelting (firm flesh) fruit with red skinand good flavor and size for a very early-season peach. It’srecommended for both home garden and commercial orchards.Gulfcrest peach is similar toGulfking, but blooms and ripensabout a week later. It has more red in the flesh and is slightlysmaller.Gulfprince blooms in mid to lateFebruary and ripens in late Mayand early June. It has high yields of medium-large, yellow,nonmelting-flesh fruit with a red-blushed skin color. It’srecommended only for home garden and local sales, not for distantshipping.The nonmelting-flesh peaches we’ve tested are excellent for homecanning and freezing, since the flesh is much firmer thanmelting-flesh types. We think the finished product looks muchbetter, too.Most people like the nonmelting-flesh texture as fresh fruit, butsome prefer the melting type. Besides the fruit, the beautifulpink flowers of these peaches are a real treat.To get these varieties, see your local nursery, or call theFlorida Seed Foundation at (850) 594-4721 for a list of nurseries.(Gerard Krewer is an Extension Service horticulturist with theUniversity of Georgia College of Agricultural and EnvironmentalSciences.) By Gerard KrewerUniversity of GeorgiaNew peach and nectarine varieties from Attapulgus, Ga., areadapted to the mild winters and humid summers of south Georgiaand north Florida. They may make life easier in home orchards. Volume XXXNumber 1Page 7last_img read more