Notification to members
The building occupied by CLUB SWANS has been sold, but CLUB SWANS remains in operation.
The ING Real Estate Entertainment Fund, which is the Landlord of CLUB SWANS, has advised they have reached agreement for the divestment of the Bourbon and CLUB SWANS properties, with the sale expected to settle on March 31, 2011.
The CLUB SWANS Board of Directors have held positive meetings with the purchaser regarding CLUB SWANS’ lease agreement with further meetings expected in January 2011. CLUB SWANS will make a further announcement in January after the meetings have been concluded.
CLUB SWANS wishes to clarify that the ING Real Estate Entertainment Fund divested the property and not the CLUB SWANS licence which remains in operation and is owned by the “members” under the NSW Registered Clubs Act 1976.
