London's Fabric Nightclub Put Up for Sale
Published Jun 02, 2010Following rumours of its demise last week, famous Farrington, London nightclub Fabric went up for sale this week after it went into administration.
An article published earlier today (June 2) in Property Week announced that property consultants Edward Symmons are currently in the process of finding buyers. A partner in the company confirmed, "Just 24 hours after being appointed, we have already received a number of enquiries from potential purchasers... We anticipate continued interest in the sale of Fabric, particularly from other major club operators in London and the south east, and we are confident that a purchase will be secured for the business as a going concern."
As Resident Advisor reports, the news comes on the back of a statement made earlier last week by Fabric, claiming that everything was "business as usual" despite reporting losses due to the temporary closure of its sister club, Matter.
It is yet unclear how the club's going into administration will affect its ongoing series of recorded releases. The club went into administration once before, in 2003, but the releases continued uninterrupted, and management was soon able to buy back the club.
There is no word yet on the permanence of the club's sale this time around.