25°C | Monday March 24, 2025 
24 April 2024
By Hannah Wilcox
The Kirribilli Club has extended the deadline for members to register for to its newest Debenture offer amidst concerns it will lose its longstanding Lavender Bay location.
In an email sent out to patrons on Tuesday, the club announced those interested in chipping in will now have until midnight on April 30.
“This decision was made for a myriad of reasons, including the timing of Easter, Term 1 school holidays, and most importantly, due to an overwhelming number of our valued members requesting a longer timeframe,” Club President & Chairman Lukas Bendt wrote.
It comes as the club looks to buy the Harbourview Crescent venue back from the new owners, STADIA CAPITAL, who acquired it in August 2023.
Disagreements over the lease agreement – reportedly now over $2 million per annum with a further $1 million in miscellaneous building expenses – leaves it financially unviable for the club to remain operating there.
Bendt added: “Regrettably, our landlord advised they are not able to assist with any rental assistance nor leasing variation.”
“[This] has forced the Kirribilli Club Board not to exercise our rental renewal option commencing November 2024.”
Last month, it revealed its financial relief solution was to request for members to invest $2000 in a Debenture certificate.
The club offered a two percent above standard fixed term reference rate.
It looks to raise between $10 to $15 million.
North Sydney Sun contacted Kirribilli Club for comment.