Time Out Market has appointed Gillingham Bell International as its global real estate partner to support the food hall brand’s ambitious expansion plans.
The brand currently operates seven Time Out Markets globally with a further eight due to open between 2023 and 2027. It is also in advanced negotiations on a number of other sites.
Gillingham Bell’s remit is to locate new sites for the food hall brand worldwide and expand relationships with commercial landlords and global real estate developers who might be interested in entering into management agreements with Time Out Market.
Jay Coldren, Time Out Market co-CEO (development), said: “We have built a robust lineup 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, added: “We are excited to be working with Jay Coldren and his team to support the global expansion of Time Out Market through our close relationships with property owners and developers internationally.
“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.”
