LCR has signed a prelet with media and entertainment business Time Out Group for the launch of a new market at its £200m Waterloo Station development.
The conditional lease agreement for the Time Out Market comprises 32,500 sq ft over two floors, accommodating around 500 seats. It is expected to open in 2021.
It will anchor the £200m, 135,000 sq ft scheme, which aims to redevelop the former Eurostar terminal to include new retail and leisure offerings.
The market will feature 17 “acclaimed chefs and restaurateurs”, three bars and a space for “cultural experiences”.
Julio Bruno, chief executive 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.”
Adrian Lee, development director at LCR, said: “Time Out Market will make a major contribution to our vision for a progressive mixed-use social, shopping and cultural space on the South Bank.”
The first Time Out Market opened in Lisbon in 2014. It recorded 3.6m visitors in 2017. The company now has seven further sites in the pipeline, with launches expected in Miami, New York, Boston, Chicago and Montreal in 2019, and London and Prague in 2021.
Cushman & Wakefield and Union Street Partners are acting as joint leasing agents for LCR.
To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette
