It was agreed for Novena Paincare Center to remain at the premises upon the expiry of the lease extension while both parties negotiated a rental rate for the new tenancy term.
Singapore Paincare Holdings (SGX:FRQ
) has announced that its wholly-owned subsidiary Singapore Paincare Center @ Novena has received a letter of demand from solicitors acting on behalf of Paincare Marketing Int’l, now known as Medbridge Marketing, in relation to its tenancy at Mount Elizabeth Novena Specialist Centre.
Novena Paincare Center had entered into the tenancy agreement with Medbridge on Aug 1, 2019, to lease the premises at #07-33 Mount Elizabeth Novena Specialist Centre for a fixed term of 36 months, and a subsequent lease extension to July 31, 2023.
