Time Out will open a market in Piccadilly Circus for the first time in its home city, in what it said will be a global flagship for its food hall portfolio.

The Aim-listed media and hospitality group said it had secured the site on 55 Regent Street, owned by the Crown Estate, to open Time Out Market London in summer 2028.

It first announced its plans to open the site in 2024, raising £8.4million through a share placing to launch in London and a second New York hall.

It came four years after Time Out ditched plans to open a 500-seat market in Waterloo after the pandemic hit and also reportedly held talks over a location in Spitalfields.

Time Out said its new Grade II listed Piccadilly site will span 26,400 sq ft and house a 'carefully selected mix' of 15 restaurants, bars and food businesses.