Indoor Exercise Park SuperPark Closes S’pore Outlet At Suntec Metropolis With S$18M In Liabilities

Indoor Activity Park SuperPark Closes S’pore Outlet At Suntec City

Finnish indoor exercise park SuperPark first opened in Singapore at Suntec Metropolis shopping center — its first outlet in Southeast Asia — again in November 2017.

Spanning 40,000 sq. toes, the two-level facility guarantees over 20 “enjoyable, wholesome and energising actions for all ages.”

Nevertheless, SuperPark Singapore has just lately closed down after lower than two years of operation right here.

Its landlord Suntec Metropolis took possession of the premises on October eight as SuperPark Singapore “was not capable of give you a concrete plan to restart operations,” stated Anthony Yip, deputy chairman of APM Property Administration, which manages Suntec Metropolis.

Picture Credit score: SuperPark Singapore

On its Fb web page, SuperPark Singapore introduced that it’s halting enterprise operations from April 1 “till additional discover” as a result of circuit breaker rule that was imposed by the federal government.

The park has not reopened since then.

Going through Monetary, Authorized Woes

The Enterprise Occasions beforehand reported that the park’s holding firm, SuperPark Asia Group, is underneath interim judicial administration with S$18 million in liabilities.

In accordance with Anthony, APM Property Administration is at the moment reviewing varied choices to utilize the vacant premises, together with leasing it to different indoor playground operators or changing it right into a play space for consumers.

“We may even take into account inviting the interim judicial supervisor of SuperPark to submit a proposal to restart operations in the event that they select to,” he added.

Regardless of the closure of its Singapore outlet, SuperPark has 18 different parks world wide, together with Hong Kong and Kuala Lumpur, Malaysia.

Featured Picture Credit score: SuperPark Singapore

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