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Singapore nightclub Zouk will be granted extension for its current tenancy at Jiak Kim Street that expires on 31 December this year, the Urban Redevleopment Authority (URA), the Singapore Land Authority (SLA), Singapore Tourism Board (STB) said a joint statement taday (21 Aug).
The decision follows repeated extensions since June 2012to provide more time for Zouk to find a suitable alternative location, the statement said.
According to the release, the duration of the extension will be tied to Zouk’s ability to secure alternative premises within a specified timeline.
If Zouk is able to secure a new location by 30 June 2015, final extension be up to 31 December 2017. “[This] will give Zouk sufficient time to undertake renovations or to plan and construct a new structure to house the club at the new site, and relocate thereafter.”
However, the agencies said if the nightclub is unable to secure a new location by 30 June 2015, the tenancy at Jiak Kim Street will expire at the end of the same year.
“In arriving at the decision to grant the conditional extension, SLA, STB and URA considered the concerns of and impact faced by neighbouring residents living in the predominantly residential area, as well as Zouk’s contribution to the strengthening of Singapore’s reputation in the international entertainment scene,” the agencies said. They also noted that the “final, conditional extension” aims to strike a balance between giving Zouk the time it requires to make alternative arrangements, while providing the residents certainty on the plans for the area.
Nikki De Guzman, Editor at CommercialGuru, edited this story. To contact her about this and other stories, email nikki@propertyguru.com.sg
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