In central Europe, the Group is active in retail investment, development and asset management.

First venturing into this emerging market in 1997, the Group sponsored a development program in partnership with a Dutch retailer and a Canadian investment group involving several retail development sites in the Czech Republic, the largest of which has grown into a dominant regional shopping centre, Olympia Brno.

After acquiring the interests of its two partners, Somerston initiated a rolling programme of expansion at Olympia Brno to meet the growing demand for new retail formats. International retailers have been attracted by the combined prospects of the growing Czech consumer market following the country’s accession to the European Union and the Brno centre's increasing regional dominance.

By the end of 2009 Somerston had doubled the sales area of Olympia Brno to over 1.1 million square feet of prime retail space being one of the largest shopping centres in central Europe offering a broad range of international brands.

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

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