London venue The Coronet has confirmed that it will stay open for another year despite previously announcing its closure.
The south London venue, which first opened as a theatre on New Kent Road in Elephant and Castle in 1879, previously stated that it would close after 138 years in January 2017, following an unsuccessful campaign to save it.
However, it has now been announced that the Coronet will stay open one more year after accepting a lease extension until January 2018.
A statement from the venue reads: “We are delighted to announce that we have accepted an offer to extend the future of the Coronet for one more year! “
“2016 has been an exciting year for us, featuring many memorable live shows and club nights and showcasing our versatility as a venue. Then just as the team were preparing for the last hurrah, this reprieve has re-ignited the engines. We hope to make 2017 even bigger and better than 2016 and make it a truly fitting farewell to this magnificent building, which is filled to the brim with musical history.”
“We hope that over the next 15 months we will welcome you to enjoy this iconic venue with us, a stalwart of the South London entertainment scene for nearly 140 years.”
The building has long been under threat due to development plans to build a new shopping centre next door to the venue by the landlords.
In the past, the venue has hosted performances from the likes of Blur, Oasis, The Libertines, Primal Scream, Tame Impala, Justin Timberlake, Alicia Keys, Tom Jones. A young Charlie Chaplin is also said to have graced its stage.