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Thu 13th Dec 2018 - Time Out Market secures 32,000 square foot Waterloo site
Time Out Market secures 32,000 square foot Waterloo site: Time Out Group, the media and entertainment business, has signed a conditional lease agreement for a new Time Out Market in London, with planning already granted. The company stated: “Right at the heart of the city and the popular South Bank neighbourhood, Time Out Market London will be the centrepiece of Waterloo London, a major retail and leisure development in Waterloo station where almost 100 million passengers flow through every year. Time Out Market London will bring the best of the city together under one roof: its best food, drinks and cultural experiences, based on the editorial curation Time Out has always been known for. Visitors will get to enjoy 17 of the city’s most acclaimed chefs and restaurateurs, three bars and a space for cultural experiences – it will be a handpicked mix showcasing the outstanding talent making up the city, all in one unique space. With the opening expected in 2021, Time Out Market London will occupy 32,500 sq ft over two floors, accommodating around 500 seats. The first Time Out Market opened in 2014 in Lisbon and is now the country’s most popular attraction with 3.6 million visitors in 2017. With seven new sites in the pipeline, the group is in the process of a global roll out of this successful format: Time Out Markets are set to open in 2019 in Miami, New York, Boston, Chicago and Montreal; followed in 2021 by London – Waterloo and Prague. The sites in Montreal and Prague are the group’s first management agreements. Time Out Market London will anchor a £200m redevelopment of 135,000 sq ft within Waterloo station – led by property and regeneration company LCR – which will bring the former International Eurostar Terminal back into use with a variety of local, independent and national retail and leisure offerings. With planning permission already in place, the long-term lease agreement for Time Out Market London in Waterloo station is conditional on obtaining licence approval. The group has a range of funding options available to it, in order to finance the capital requirements of this new owned and operated market. The company had previously announced a Time Out Market in Spitalfields (London) for which it continues to pursue planning consent with the Landlord’s backing; if successful, opening would not occur before the second half of 2020, providing Time Out Market with a presence in both east as well as central London.” 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. 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. As Time Out has transformed into a global media and entertainment business one thing hasn’t changed: our high-quality professional content about the best things to do in the city remains at the heart of everything we do. This allows us to successfully diversify our iconic brand across digital and physical channels with Time Out Market playing an important role in driving further growth.” Didier Souillat, chief executive of Time Out Market, added: “Time Out Market will be a fantastic addition to London’s South Bank- this is a much-loved neighbourhood with fantastic restaurants, bars, museums and theatres. 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.”

Propel launches Leadership Summit, open for bookings: Propel is launching the Leadership Summit, which will see a select group of the sector’s most experienced bosses share their expertise on leadership. The full-day event, in partnership with Elliotts, will take place on Tuesday, 12 February at One Moorgate Place and is open for bookings. Speakers will include Will Stratton-Morris, chief executive of Caffe Nero, who will talk about building high-performance teams. Alasdair Murdoch, chief executive of Burger King, speaks about the role of leadership in business turnarounds. Elliotts chief executive Ann Elliott will talk to Des Gunewardena, chief executive of D&D London, about the lessons of leadership he has picked up in his career in the sector. Duncan Garrood, chief executive of Ten Entertainment, will give his views on leadership and the customer experience, while Jo Fleet, managing director of Flat Iron, will talk about empowering people and trust and getting the team to “buy in” through clear communication and vision. Mark Jones, chief executive of Carluccio’s, will explain how the company is building the quality and skillsets of its general managers to lead the business out of decline. Simon Townsend, chief executive of Ei Group, will give his views on the challenges of leadership during a period of immense change and Zoe Bowley, managing director of PizzaExpress, will give her top ten tips on leadership. Meanwhile, Loungers founder Alex Reilley will talk about the adaptations involved in growing a business from one site to more than 100, celebrating success and the art of succession, while Ann Elliott will give her views on the power of mentoring to grow talent in organisations. Propel managing director Paul Charity said: “With the industry facing such challenging times, effective leadership has never been more important. This is an unmissable opportunity to learn from high-profile leaders in our sector.” Prices are £295 plus VAT for Premium members, £345 plus VAT for operators and £445 plus VAT for suppliers. To book, email anne.steele@propelinfo.com

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