The south London venue is the latest casualty of gentrification in the capital.

South London’s iconic Coronet Theatre is closing in 2017 after an unsuccessful campaign to keep it alive.

The venue, which opened 1879, has had an uncertain future in recent years due to extensive redevelopment in the Elephant and Castle area. A campaign to save the venue was launched by Coronet director Richard Littman last year due to fears it would become part of plans to redevelop the shopping centre next door.

In a statement issued on The Coronet’s website, Littman said: “We have been here for so long, and we will be really sad to go, but with the Elephant & Castle changing so much, so quickly, it’s become clear that the evolving character of the area is no longer right for a venue like ours.

“We’ve worked with our landlord to extend our lease for one final year, until 5th January 2017.  We’re looking forward to welcoming back old friends and making new ones – if you’ve ever wanted to perform here then get in touch quick – the calendar is filling up fast.

“Rather than fighting against change, we want to focus on celebrating The Coronet’s incredible history.  What better way to do that than by making The Coronet’s final year of operation its biggest and best!”

The loss of The Coronet is the latest blow to the capital’s clubbing landscape, which has seen a string of clubs including Plastic People shut in the past year. The venue has played host to artists including Joy Orbison, Four Tet and Eats Everything in recent years.

In October plans were unveiled for a London Night Mayor to give the city’s nighttime industries more representation.

Read this next: An oral history of Plastic People