Time Out Market appoints agent on global expansion

Time Out Market has appointed Gillingham Bell International as its global real estate partner to support the expansion of its food hall brand. Gillingham Bell’s remit involves targeting new sites worldwide and expanding relationships with commercial landlords and global developers. There are seven Time Out Markets already open and a further eight signed, with expected opening dates between 2023 and 2027. It is in advanced negotiations on more locations.  The operator focuses on management agreements with landlords and developers. Jay Coldren, co-CEO, development, at Time Out Market, said: “We have built a robust line-up of new markets and interest from landlords and developers who want to make Time Out Market an anchor of their properties is stronger than ever. We are in advanced negotiations to grow our pipeline further and continue to be open to conversations.  “That’s why we are excited to bring on board Gillingham Bell International who will collaborate closely with our team as we expect to accelerate the rate of signings. We have established various proven models for our markets and we always evolve what we can offer our partners, while staying true to what has driven the success of Time Out Market.” Nigel Gillingham, co-founder of Gillingham Bell, said: “At a time when food halls become increasingly popular, Time Out Market is spearheading this trend and stands out as it is not only creating outstanding culinary but also cultural experiences, all backed by a strong global media company.  “This appeals to real estate companies who seek to turn their space into a premium environment – something this highly recognised, leading global food hall brand has the ability to deliver.” The current pipeline for new Time Out Markets with expected opening dates, in addition to seven existing locations, includes: Porto (2023 – owned & operated market) Cape Town (2023 – management agreement) Barcelona (2024 – owned & operated market) Vancouver (2024 – management agreement) Abu Dhabi (2025 – management agreement) Prague (2025 – management agreement) Osaka (2025 – management agreement) Riyadh (forecast to open in 2027 – management agreement) To send feedback, e-mail pui-guan.man@eg.co.uk or tweet @PuiGuanM or @EGPropertyNews Photo by Stephen Lovekin/Shutterstock