SpaceandPeople PLC Contract Renewal and Expansion (2390F)
February 19 2018 - 2:54AM
UK Regulatory
TIDMSAL
RNS Number : 2390F
SpaceandPeople PLC
19 February 2018
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
SpaceandPeople plc
("SpaceandPeople" or the "Group")
Contract Renewal and Expansion
SpaceandPeople plc (AIM:SAL) is pleased to announce a contract
renewal and significant expansion of opportunities with Landsec in
the UK.
Landsec owns and operates 15 shopping centres and 33 retail and
leisure parks in the UK and is one of SpaceandPeople's largest
clients. The new agreement is a five-year contract to provide
revenues from experiential activity, pop up retail and mobile
promotion kiosks ("New Agreement").
The New Agreement extends across their portfolio of shopping
centres including, for the first time, Southside Wandsworth and the
newly relaunched Westgate Oxford. In addition, the New Agreement
includes Landsec's retail and leisure parks, their three recently
acquired outlet centres as well as their Central London business
estate.
Mark Warne, Head of Commercial Partnerships at Landsec, said:
"Working with SpaceandPeople enables Landsec to offer our customers
the best brand experiences, promotions and services across our
retail, leisure and office portfolio. We look forward to continuing
to work with SpaceandPeople and their team."
Matthew Bending, Group CEO of SpaceandPeople said: "I am
delighted that we are continuing and developing our relationship
with Landsec, one of the UK's largest real estate investors. We
work closely with the Landsec team to ensure that we are providing
market leading brand promotions and attractive and relevant pop up
retail and promotional solutions. The Landsec estate represents the
right mix of dominant and convenient assets with an emphasis on
experience and we look forward to growing our business with them
even further over the coming years."
Ends
Contact details:
SpaceandPeople Plc 0845 241 8215
Matthew Bending, Gregor Dunlay
Cantor Fitzgerald Europe 020 7894 7000
David Foreman, Will Goode (Corporate Finance)
Alexander Pollen (Sales)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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