LONDON (Thomson Financial) - SpaceandPeople PLC said it has signed a five year contract to man
age sale of the promotional space in 55 German malls - rising to 67 in 2009 - with shopping-centres group ECE Projektmanagement GmbH.
The company, which manages and sells promotional space in shopping centres, said it expects to start its German operations on Sept 1.
Financial details of the deal were not disclosed.
The deal will see the number of shopping centres that SpaceandPeople manage increase from 172 to 227, the company said in a statement.
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