Contract Renewal and Expansion

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)

 

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