Time Out Group has entered into a lease agreement with Klépierre Real Estate España SLU to open a new Time Out Market in Barcelona.
The group already operates seven markets, with eight – including the Barcelona market, which has an expected opening date of H1 2024 – in development, due to open between 2023 and 2027.
The circa 56,500 sq ft Time Out Market Barcelona will be located on the top floor of the Maremagnum shopping and leisure destination in the Port Vell area of the city, close to La Rambla.
Jay Coldren, co-CEO of Time Out Market (development) said: “Barcelona is globally regarded as one of the top food destinations in the world and is a perfect fit for our brand. We are excited to bring Time Out Market to this fabulous, vibrant city together with our partners Klépierre and Estrella Damm.
“We now have an incredibly strong lineup of new markets that will open in the next few years and with interest from landlords and real estate developers stronger than ever, we expect to further accelerate the signing of new markets in the year ahead.”
Laetitia Ferracci, managing director of Klépierre Iberia, added: ”Klépierre is confirming its commitment to Barcelona by investing in Maremagnum to transform its already successful shopping destination in a unique and urban location into a shopping and leisure venue in line with its Shop Meet Connect strategy. It will combine a differentiating retail offer with Time Out Market’s unique curation of the city’s best culinary and cultural experiences. We are very excited to bring a new offer to an experience-hungry foodie audience.”
