Merchandise unit supplier in extended German deal

Spaceandpeople, the Glasgow-based company that rents out space in shopping centres for companies to advertise their products and services, has inked a German contract extension.

The firm’s agreement with GB Immobilien for the provision of retail merchandising units (RMUS) in ECE managed shopping centres in Germany has been extended until the end of January 2019. While the number of centres included in the extension period is fewer than before, the firm stressed that it was in line with its expectations.

Matthew Bending, group chief executive of Spaceandpeople, said: “This is our eighth year of working with ECE as a provider of RMUS in Germany. The agreement extension enables profitable trading without large minimum guarantees.

“We have removed all the RMUS that have not traded profitably in the past and although only a oneyear extension, it allows our new product and service time to be taken up by ECE and other landlords.”