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New Images Reveal Retail Transformation at Waterloo Station

Developer LCR launches Waterloo.London - 135,000 sq ft retail and leisure scheme in the heart of the South Bank

New images have been released showcasing the 135,000 sq ft, progressive retail and leisure development being created in the heart of London’s South Bank. 

Set within the RIBA Award-winning former Eurostar terminal at Waterloo station, the scheme is being delivered by LCR – the UK Government’s placemaking expert and the developer behind the retail-led rebirth of St Pancras Station. 

Opening in Spring 2021, Waterloo.London will feature forty new glass-fronted units over three floors and include malls, a mezzanine, and public spaces along a new pedestrianised street, the Waterloo Curve.

At its centre will be Time Out Market London – Waterloo – a food and cultural market based on the editorial curation Time Out has always been known for. It will bring the city’s best chefs, drinks and cultural experiences under one roof, all in one unique space. Time Out Market London – Waterloo will occupy two floors at Waterloo.London and accommodate around 500 seats. 

LCR unveiled the new images at a launch event on 20th June at the House of Vans. Guests experienced a VR walk-through of the scheme and heard from LCR on its plans to attract a broad range of local, independent and national retail and leisure occupiers to the scheme.

Adrian Lee, Development Director at LCR, said: “Waterloo.London will set a new benchmark for progressive retail and transport destinations in the UK. Brands will have a truly unique opportunity to tap into a market of Waterloo’s 100 million passengers, the 20 million tourists that visit the South Bank every year, and its surrounding vibrant community and growing office population.

“The future of retail will be defined by the availability of new and exciting experiences for consumers, and we’re excited to kick start this transformation by creating a destination inspired by the creative spirit of Waterloo.”

As anchor tenant, Time Out Market London – Waterloo will offer visitors food from 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. It follows the success of the first Time Out Market which opened in 2014 in Lisbon and has since become Portugal’s most popular attraction with 3.9 million visitors in 2018. New Time Out Markets have successfully opened in May 2019 in Miami and New York, and will be followed by Boston (June 2019), Chicago (Q3 2019), Montreal (Q4 2019), Dubai (2020) and Prague (2022) in addition to London – Waterloo in 2021.

Didier Souillat, CEO of Time Out Market, added: "Waterloo.London - where almost 100 million passengers flow through every year - is a fantastic location for us. It is right at the heart of the city and the popular South Bank neighbourhood which is already attracting locals and visitors with fantastic restaurants, bars, galleries, theatres and more. We can’t wait to bring London’s outstanding and diverse culinary and cultural scene under one roof in such a great space.”

Julio Bruno, CEO of Time Out Group plc, 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 over 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.”

Planning consent for the scheme, brought by LCR in partnership with the Department for Transport and Network Rail, was granted by Lambeth Council in November 2016. The project will bring the former Eurostar terminal, designed by Sir Nicholas Grimshaw, back into use after almost a decade.

LCR is a skilled commercial developer and the UK Government’s placemaking expert, with a 20-year track record of creating exciting new destinations for people to live, work and experience. Its previous schemes include the multi-billion-pound mixed-use developments at King’s Cross and Stratford City – two of London’s most successful regeneration stories.

Cushman & Wakefield and Union Street Partners are joint leasing agents for Waterloo.London. More information on the development can be found at www.waterloo.london.

London & Continental Railways Limited, 4th floor, One Kemble Street, London WC2B 4AN  Tel: +44 (0) 20 7391 4300  Fax: +44 (0) 20 7391 4401

Registered in England and Wales, company number 02966054 at the above address.