Time Out Regulatory News (TMO)

Time Out Market Launches Dubai Opening Q1 2021

With four locations in the pipeline, Time Out Market plans to expand its global footprint enabling more independent businesses to thrive in city centres

LONDON, November 4, 2020 - Time Out Market, the world's first food and cultural Market rooted in editorial curation continues to expand with the opening of its seventh location in Q1 2021, Time Out Market Dubai, as part of a management agreement with Emaar Malls. Time Out Market portfolio spans iconic destinations, including its flagship in Lisbon (2014) followed by Miami, New York, Boston, Montréal and Chicago (2019).

After temporary closures in March 2020 due to the pandemic, several Time Out Market locations have reopened with enhanced health and safety protocols for visitors to experience favorite local cuisines, cocktails and culture. Now, Time Out Market is looking to the future with safety at the heart of its new openings. Dubai will be the first built in the post-Covid world in Q1 2021, followed by Porto (Q4 2021), London (2022) and Prague (2023) - with further expansion plans in the works.

Time Out Media captures and showcases the diversity that represents each city. Time Out Market brings it to life through curated chefs and restaurateurs and unique cultural experiences such as demo cooking classes with top chefs and art installations from local artists to live musical performances and comedy show nights - celebrating the soul of the city. Time Out Market Dubai will be the first in the Middle East, located in Souk Al Bahar, an Arabic-style retail, entertainment and dining destination right in the heart of Downtown Dubai. The Market has a unique waterfront position on Burj Lake, next to The Dubai Mall and the iconic Burj Khalifa - the area attracts millions of visitors each year. Time Out Market Dubai will be 30,000 sq ft, featuring 17 of Dubai's top chefs and celebrated restaurateurs, three bars and dedicated spaces for cultural experiences.

Across Time Out Market locations, enhanced health and safety precautions have been implemented for an enjoyable dining experience. This includes the latest innovation in advanced air circulation technology and state of the art fresh-air filtration systems. To ensure continuous cleanliness, there are health and safety communication vestibules at the entrance with sanitizing stations, a dedicated cleaning crew and plexiglass shields at all eatery counters and bars. To promote proper social distancing, artfully designed dividers have been inscribed with quotes from local thought leaders at all dining tables. In addition, customers can now order contactlessly via the Time Out Market app or via a delivery service.

Didier Souillat, CEO of Time Out Market commented: "At Time Out Market we take great pride in helping real estate owners drive quality footfall to their sites and engage with locals and visitors alike. The Time Out Market concept reimagines the combination of retail, restaurants and cultural experience, while also safeguarding independent businesses and talent in iconic, central locations of cities around the world.

We couldn't be more excited to partner with Emaar Malls on the new opening of Time Out Market Dubai in the beautiful Souk Al Bahar. The Time Out brand has a strong presence in Dubai with ITP Media Group whose editors were instrumental in selecting and tasting the very best curated mix from the city's top culinary talent. Stay tuned, as we announce the selected chefs and restaurateurs in the coming weeks. Time Out captures the soul of the city and Time Out Market brings it to life - with the highest safety standards available for locals and visitors alike to enjoy the city experience."

Future Time Out Market Openings overview

The existing six Time Out Markets together span nearly 190,000 sq ft, and since opening, have housed more than 120 award-winning chefs and beloved restaurateurs. The further four new openings (Dubai, Porto, London and Prague) will add an additional 110,000+ sq ft and over 60 new chefs and restaurateurs bringing exceptional, local cuisine that captures the diversity and passions of the cities.

Time Out Market Porto: (Q4 2021) Time Out Market Porto will be located in Porto's historic and busy São Bento train station, the new 22,000 sq ft Time Out Market will offer 15 restaurants, four bars, four shops, one café and one art gallery.

Time Out Market London: (2022) Time Out Market London is planned to open right in the heart of the city's popular South Bank within Waterloo station. Visitors will enjoy 17 of the city's most acclaimed chefs and restaurateurs, three bars and a space for cultural experiences across 32,500 square feet over two floors.

Time Out Market Prague: (2023) Time Out Market Prague will be located in the heart of the historic city center, in the Savarin Palace, near the famous Wenceslas Square. The new 24,757 sq ft space will house 14 bistros, two bars, a bar lounge, space for cultural events and a shop.

Current Time Out Market Destinations

Time Out Market Lisbon: (2014) The first ever Time Out Market, opened in 2014 in the Mercado da Ribeira, a once neglected building and neighbourhood in Lisbon. Now the Market is one of Lisbon's top attractions with 4.1M visitors in 2019. The 32,000 sq ft Market has 24 restaurants, 7 bars, 6 smaller food stalls, one kiosk, three shops, co-working space, Chef's Academy cooking workshop and Time Out Studio's event space.

Time Out Market Miami: (May 2019) Just off Miami South Beach's famed Lincoln Road - at 1601 Drexel Avenue-Time Out Market Miami has 18 eateries, three bars, a demonstration kitchen and an art space across 18,000 sq ft.

Time Out Market New York: (June 2019) Located in DUMBO, Brooklyn at 55 Water Street, Time Out Market New York occupies two floors of the historic Empire Stores right by the East River. It not only offers some of the city's best food, drinks and cultural experiences but also a rooftop with impressive views of the Brooklyn Bridge, Manhattan bridge and lower Manhattan skyline. Across 21,000 sq ft, there are 21 eateries, three bars and a performance stage.

Time Out Market Boston: (July 2019) The historic 401 Park building-a 1920s Art Deco masterpiece-at the heart of the vibrant Fenway neighbourhood is home to Time Out Market Boston. Across 25,500 sq ft, the Market showcases 15 kitchens, two bars, a demonstration kitchen, a retail shop and spaces for cultural experiences.

Time Out Market Montréal: (November 2019) Located in the Centre Eaton de Montréal, on Sainte-Catherine Street in the heart of downtown, Time Out Market Montréal features 16 of the city's top chefs and restaurateurs across 40,000 sq ft, with two bars, a demonstration kitchen, cooking academy, retail shop and cultural stage.

Time Out Market Chicago: (November 2019) Located in the heart of the historic Fulton Market District, Time Out Market Chicago sits within the 916 W Fulton Market and is spread across 50,000 sq ft. The Market is home to 18 kitchens, three bars, a demonstration kitchen, a retail area, an event kitchen, a viewing and entertainment platform with bleacher seating, a hidden speakeasy and a rooftop featuring an intimate bar.

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For more information please contact: PR@timeoutmarket.com and www.timeoutmarket.com

Notes to editors

About Time Out Market 

Time Out Market brings the best of the city under one roof: its best chefs, drinks and cultural experiences. The world's first food and cultural market based wholly on editorial curation, Time Out Market captures decades of local knowledge, independent reviews and expert opinions. Everything that is being offered in Time Out Market must have been tested and tasted and finally selected by independent Time Out journalists.

The first Time Out Market opened in 2014 in a historic market hall in Lisbon and quickly turned into a huge success with 4.1 million visitors in 2019. This unique format, which is all about making high-quality fine food affordable and accessible, is now coming to other great cities around the world as the company is rolling out Time Out Market globally. Time Out Market Miami opened in May 2019, followed in the same month by Time Out Market New York, in June 2019 by Time Out Market Boston and in November 2019 by Time Out Market Montréal and Time Out Market Chicago. Also in the pipeline are Dubai, London, Porto and Prague (the sites in Montréal, Dubai and Prague are the Group's first management agreements) - all featuring the cities' best and most celebrated chefs, restaurateurs, drinks and cultural experiences.

Time Out Market is part of Time Out Group plc, a global media and leisure business that inspires and enables people to explore and enjoy the best of the city. Time Out launched in London in 1968 with a magazine to help people discover the exciting new urban cultures that had started up all over the city. Today, the Group's digital and physical presence comprises websites, magazines, Live Events and Time Out Markets. Across these platforms Time Out distributes its curated content - written by professional journalists - around the best food, drink, music, theatre, art, travel and entertainment across 328 cities and in 58 countries. Time Out, listed on AIM, is headquartered in the United Kingdom.