Singapore private club 1880’s staff in bid to revive business with landlord RB Corp’s support
An offer to buy the establishment’s assets has been made with liquidators, say sources
[SINGAPORE] Following the abrupt closure of Singapore private members’ club 1880 this week, The Business Times (BT) understands that its staff have banded together in an attempt to revive the business.
A source told BT that they have made an offer to buy the club’s assets, with support and backing from its landlord, RB Corp – a member of Singapore-based and privately held property investment and development firm RB Capital Group.
The group’s flagship development at Robertson Quay includes the InterContinental Singapore Robertson Quay hotel where 1880 is located on the third level. The 22,000 square foot club has a restaurant, bar, spa and co-working space.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Hengli’s ex-Singapore unit dismisses staff after US sanctions, at risk of being wound down: sources