Central London venue Borderline is set to close this summer.
The historic venue has hosted special shows by everyone from R.E.M. to Blur and The 1975, undergoing a full refit two years ago.
Currently run by DHP, Borderline will sadly close this summer, forced out by spiralling rents and business rates.
Ongoing redevelopment plans for the Soho area have also been blamed, and it leaves Soho bereft of venues with only the recently-saved Social and nearby 100 Club flying the flag for new music.
DHP managing director George Akins said: “This has been a difficult decision, but given intentions by the landlord to increase the rent significantly for a second time since we took it over in 2016 as well as plans to redevelop the building housing the Borderline, we now know the venue doesn’t have a long term future so it makes no sense for us to continue to invest."
"We've had an amazing two years at Borderline with some fantastic shows and want to thank everyone for their support from agents, promoters and artists to all the thousands who have come to the gigs and club nights."
"We've put our all into trying to revive this iconic venue but unfortunately, it has been impossible to turn into a sustainable operation due to so many external factors. This is a sad day for all of us who love live music and believe in grassroots venues."
The Borderline will close by August 31st, with DHP to use the money saved to strengthen its other venues across the country - including the refit of Bristol's Thekla venue and the 40th anniversary of Nottingham's Rock City.
George Akins closed: “DHP is still committed to creating and running the best grassroots music venues in the country. However I don’t see how it is possible in the West End when faced with all the difficulties from business rates, increasing rents and licensing pressure.”
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