Time Out to open food and drink market in London's Waterloo

Time Out has secured a conditional lease to open a food and drink market in London's Waterloo.

The media and entertainment company's market, which will incorporate 17 restaurants, three bars and spaces for cultural experiences, is expected to open in 2021.

It will occupy a 32,500 sq ft over two floors in the redeveloped London Waterloo station with space for 500 covers.

The land and railway arches at Waterloo station are being developed by LCR to create an eclectic food, drink, shopping and cultural destination. This will include the redevelopment of the former Waterloo International Eurostar Terminal.

Planning permission for the market is in place, but the lease will be conditional on the granting of a licence.

Julio Bruno, CEO of Time Out Group, said: "London was the birthplace of Time Out in 1968 so it is a true milestone to bring Time Out Market to our city and in such a fantastic location. For 50 years we have helped people go out better in the greatest cities around the world and now we are bringing the best of the city to Time Out Market London."

“London is home to an outstanding and wonderfully diverse culinary and cultural scene of which Time Out Market will showcase the very best. It is all about the democratisation of fine dining: making it casual, and casual extraordinary. Time Out Market will be a place where locals and visitors can really get to know and experience the city.”

The first Time Out Market opened in Lisbon in 2014, with seven sires now in the pipeline in Miami, New York, Boston, Chicago, Montreal, London and Prague.

Time Out is continuing efforts to secure a planning consent for a second London market in Spitalfields.

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