Time Out plans to open a street market in London's trendy Shoreditch as the city guides group looks to expand following its junior stock market flotation in the summer.

The company, founded in 1968, said it has signed a conditional lease agreement for 106 Commercial Street for Time Out Market.

The site covers 19,250sq ft, and is expected to house 17 restaurants, a cooking academy, four bars, one shop and an art gallery. The plans are subject to planning permission being granted for the project.

The Shoreditch market is expected to open in the second half of next year and aims to build on the success of its Lisbon operation opened in 2014, which attracted 1.3 million visitors in the first half of this year.

Time Out Group chief executive Julio Bruno said: "This is not only one of the world's most vibrant and exciting cities, but also the birthplace of our iconic brand. Opening a Time Out Market here is an incredible milestone for our brand and our growth strategy."

Didier Souillat, head of Time Out Market, added: "Since 1968 Londoners have relied on Time Out to help them discover what this amazing city has to offer.

"With Time Out Market we're taking this to the next level as we will bring together under one roof London's finest cuisine, best cocktails and cultural experiences, based on the editorial curation we've always been known for."

The media group launched on the Aim market in June, raising around £90m ($110m) to boost its international and digital presence. The group also has plans for markets in New York, Miami and Porto.