ONE of Malvern's most loved watering holes has now closed.

In a statement on its Facebook page Olivers, affectionately known as Ollie's, confirmed the closure of the premises, and stated that a new company will be reopening in the summer.

The statement read: "Olivers has closed for good.

"A new company has taken the premises over and will be reopening in the summer".

It is understood the company is called, at present, 36 Belle Vue Terrace and is a restuarant.