In Europe, the Group is currently active in retail development.

First venturing into central Europe in 1997, the Group sponsored a development program in partnership with Ahold and TrizecHahn that involved several retail sites in the Czech Republic, including the Olympia regional centre in Brno.

After acquiring the interests of its two partners, Somerston initiated a rolling programme of expansion at the Brno centre to meet strong demand, primarily from international retailers attracted by the bouyant prospects for the Czech economy following its accession to the European Union and the Brno centre's increasing regional dominance. 

The third phase of the expansion programme opened in September 2007 anchored by a major Austrian home department store.  The fourth phase is in detailed planning with scheduled completion towards the end of 2009.  

Please visit our website at www.olympia-centrum.cz/english

"Somerston has the skills and resources to meet the challenge"