Borders at Wheelock Place closed over dispute with landlord

Borders has said that a dispute with its landlord, Wheelock Properties, has caused its bookstore at Wheelock Place to be closed since Tuesday.

Borders said it was “extremely disappointed” with its landlord of 13 years, but did not elaborate.

It also reassured the public that the store’s closure is not linked in any way to the shutdown of over 200 Borders stores in Australia and the US when its parent company filed for bankruptcy protection.

“We would emphasise that The Borders Singapore business is independent of these businesses and faces its own set of challenges and opportunities,” it said in a company statement.

“Borders Singapore continues to trade as usual from its Parkway Parade store, where we have a strong professional relationship with the landlord.”

Borders added that it will notify the public of any changes through notices on its website.

Wheelock Properties declined comment when contacted by MediaCorp and said the matter is being handled by its lawyers.

Source : Channel NewsAsia – 17 Aug 2011

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