Thursday, February 22, 2024
HomeNews ReaderIndoor Activity Park SuperPark Closes S'pore Outlet At Suntec City With S$18M...

Indoor Activity Park SuperPark Closes S'pore Outlet At Suntec City With S$18M In Liabilities

Finnish indoor activity park SuperPark first opened in Singapore at Suntec City shopping mall — its first outlet in Southeast Asia — back in November 2017.

Spanning 40,000 square feet, the two-level facility promises over 20 “fun, healthy and energising activities for all ages.”

However, SuperPark Singapore has recently closed down after less than two years of operation here.

Its landlord Suntec City took possession of the premises on October 8 as SuperPark Singapore “was not able to come up with a concrete plan to restart operations,” said Anthony Yip, deputy chairman of APM Property Management, which manages Suntec City.

On its Facebook page, SuperPark Singapore announced that it is halting business operations from April 1 “until further notice” due to the circuit breaker rule that was imposed by the government.

The park has not reopened since then.

Facing Financial, Legal Woes

The Business Times previously reported that the park’s holding company, SuperPark Asia Group, is under interim judicial management with S$18 million in liabilities.

According to Anthony, APM Property Management is currently reviewing various options to make use of the vacant premises, including leasing it to other indoor playground operators or converting it into a play area for shoppers.

“We will also consider inviting the interim judicial manager of SuperPark to submit a proposal to restart operations if they choose to,” he added.

Despite the closure of its Singapore outlet, SuperPark has 18 other parks around the world, including Hong Kong and Kuala Lumpur, Malaysia.

Featured Image Credit: SuperPark Singapore

Also ReadBakerzin Calls It Quits After 22 Years – Closes Down All S’pore Outlets

- Advertisment -

Most Popular