Zouk Sold To Genting Hong Kong For Undisclosed Sum

UPDATE, Oct 21, 2015: Genting Hong Kong – formerly knows as Star Cruises Limited – has bought over Zouk for an undisclosed sum, in a press release announcement. Under the agreement terms, Genting HK will own Zouk’s major trademarks as well as the upcoming Clarke Quay club. They will also run the ZoukOut festival, beginning with the next one this December.

However, this acquisition does not include Zouk’s Malaysia club in Jalan Tun Razak. A report by The Straits Times said that Zouk founder Lincoln Cheng, 68, will remain non-executive chairman at Zouk Kuala Lumpur.

The first collaboration between Genting HK and Zouk Kuala Lumpur will be with Beatship, Genting HK’s beach club cruise concept on. Star Cruises. The event, happening Oct 23 at KL Live will be headlined by DJs such as Paul van Dyk and Andrew Rayel.

Genting HK’s portfolio of companies include cruise lines such as Star Cruises and Crystal Cruises as well as the Resorts World hotel chain at places such as Sentosa and Manila. It plans to open a hotel in Las Vegas by mid-2018 with a “top-tier nightlife venue”.

[ORIGINAL REPORT on Jun 28, 2015]

Zouk Singapore, the nightlife giant which has been plagued with lease issues ever since the government has ordered the brand’s eviction from Jiak Kim Street as part of new development efforts in the area, has finally found a new home.

Clarke Quay is about to get really crowded.

In a release Sunday, the Zouk management announced that it had secured a lease at Block C at The Cannery in Clarke Quay.

The lease is for a 30,000 square foot space. The area was owned by Lifebrandz and was the home of nightlife joints such as Dream, Rebel and Playhouse before the company had to pull out of the area.

Zouk’s move is set to be complete by September 2016 latest, bearing in mind renovations and other administrative matters that need to be settled prior to the move.

The club had been given an ultimatum by authorities, with a deadline to find a new space by June 30 this year. Failure to do so would result in authorities asking them to vacate on December 2015 and not giving Zouk a lease extension till the end of 2017.

Zouk founder Lincoln Cheng, 67, is said to be investing $10 million to develop the new space. It is unsure if the current establishments under Zouk – Velvet Underground, Phuture and Wine Bar – will return.

According to reports, spots considered for new locations included Old Tanjong Pagar Railway Station and Singapore Flyer.

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