New Agreement

RNS Number : 6007S

SpaceandPeople PLC

04 December 2012

 



SpaceandPeople plc

("SpaceandPeople")

New Agreement with MEC METRO-ECE Centermanagement GmbH & Co. KG

SpaceandPeople plc (S&P) is pleased to announce that its wholly owned German subsidiary, SpaceandPeople GmbH (S&P GmbH), has signed a contract with MEC METRO-ECE Centermanagement GmbH & Co. KG to manage and sell promotional space in 36 of their shopping centres throughout Germany.

This four year exclusive contract will begin immediately and demonstrates the continuing development of SpaceandPeople as the pre-eminent promotion and mall retailing partner to shopping centre groups in Germany. Volker Skibbe, MD of S&P GmbH, commented "working with MEC is important to S&P in the German market place as their portfolio improves our geographic coverage of Germany as well as complementing the diverse nature of shopping centre types we can offer to promoters and operators. It also enables us to book pan German campaigns for our agency and brand clients and to strengthen our retail client business."

MEC METRO-ECE Centermanagement GmbH & Co. KG is a joint venture company between the METRO GROUP and ECE. MEC is responsible for the management, including operation, leasing and marketing, of 38 retail parks and hybrid malls in Germany. Their centres have approximately 720 tenants generating an annual turnover of around € 2.7 billion over an area of more than 900,000 sqm. Around 150 employees work for MEC, whose company headquarters are in Düsseldorf.

For further information, contact:

SpaceandPeople Plc	0845 241 8215
Matthew Bending, Gregor Dunlay
Seymour Pierce Limited	020 7107 8000
Stewart Dickson, David Foreman (Nominated Adviser)
Richard Redmayne, Paul Jewell (Corporate Broking)

About SpaceandPeople plc:

SpaceandPeople facilitates and manages promotional space for marketing campaigns and retailing in shopping centres and other high footfall locations, such as theme parks and railway stations. SpaceandPeople is at the forefront of developing the concept of space as an advertising and promotional medium. It offers consumer brands the opportunity to promote their products through direct engagement with consumers through a mix of experiential marketing events and complementary above the line advertising and multimedia campaigns. SpaceandPeople offers a comprehensive service covering brokerage, consultancy and venue centric media buying. SpaceandPeople is independently funded and its shares are admitted to trading on AIM. The Company acquired Retail Profile, the RMU specialist, in May 2010 and operates in the UK, Germany, India and Russia.

www.spaceandpeople.com

 

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