Time Out Group plc announced that it has entered into a management agreement with real estate developer Hankyu Hanshin Properties Corporation, to open a new Time Out Market ("Market") in Osaka. This is Time Out Market's fifth management agreement and its first location in the region, enabling further global expansion of this successful food and cultural market. Time Out Market Osaka is expected to open in the Umekita Second Zone development in 2025.

The Umekita Project, in the Umeda area of the city, is a large-scale development at the former cargo yard in front of Osaka Station. Once complete, it will establish an urban complex with offices, hotels, commercial facilities, a municipal park and housing. Time Out Market Osaka will showcase the city's best food, drinks and culture, and will span over 31,000 square feet, and include 15 of Osaka's best chefs and restaurateurs, and two bars.

Under the agreement, Time Out receives a share of revenues and profits (subject to a guaranteed consultancy fee) but does not contribute to the capital cost of the site. Time Out's primary responsibility is branding, curation and day-to-day consultancy advice on operations.