Announcement
SpaceandPeople plc - POP Retail GmbH - ECE Contract Renewal
RNS Number : 7452L
SpaceandPeople PLC
24 April 2024
SpaceandPeople plc
("SpaceandPeople" or the "Group")
POP Retail GmbH - ECE Contract Renewal
SpaceandPeople plc (AIM:SAL) is delighted to announce that its German subsidiary company, POP Retail GmbH ("POP Retail") has again renewed its agreement with GB Service GmbH ("ECE") for the provision of retail kiosks in ECE managed shopping centres in Germany (the "Agreement").
The Agreement has been renewed for an extended five year period until April 2029 and provides additional flexibility and opportunity for both SpaceandPeople and ECE to roll out and operate the retail kiosk business in a cost effective manner.
Nancy Cullen, CEO of SpaceandPeople said: "I would like to congratulate everyone who has been involved in the development of our German business. We are, of course, absolutely delighted to be renewing our contract with ECE. The duration of the contract, combined with the additional flexibility granted, will enable us to provide a great service to ECE across their portfolio and to develop pop up retail further in this prestigious portfolio."
Ulf Schweppe, Head of Department Specialty Leasing of ECE said: "We are very pleased to be extending our relationship with POP Retail for another five years. This new agreement will allow us to offer new and established RMU concepts retailing throughout our portfolio of shopping centres in Germany."
For further information, please contact:
SpaceandPeople plc 0845 241 8215
Nancy Cullen, Gregor Dunlay
Zeus (Nominated Adviser and Broker) 0203 829 5000
David Foreman, Ed Beddows
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