Investment focus

Supported by Somerston capital, our strategic acquisition, asset management and advisory arm, Somerston has undertaken the development of several million square feet of office, retail, primary healthcare and hotel property.  Somerston acquired, developed and operated a portfolio of 33 hotels under the Holiday Inn Express and Hampton by Hilton franchises. In late 2014, Lone Star acquired Somerston Hotels, combining it with their own UK limited service hotel assets and re-branding the enlarged portfolio as Atlas Hotels.

Over the past 15 years, Somerston have also delivered over 300,000 sqm of institutional quality shopping centres across Europe. Through its subsidiary Newbridge, based in Warsaw,  the Group has built a portfolio of shopping centres and retail parks throughout Poland in the last two years, with an AUM of more than €150mn, with further acquisitions in the pipeline.

The Group’s US real estate interests are held primarily through The Cambay Group Inc.  Cambay’s largest US project is in acting as the master developer of River Islands, Lathrop California,  a 4,800 acre master planned community.  “River Islands is bridging the housing and commercial needs of the San Francisco Bay Area with those of the Central Valley, creating a waterside environment comprising over 11,000 residences, 9 schools, a major business park, a downtown retail center and extensive recreational facilities.”

The Group has been a pioneer in data center and telecommunications real estate development since the late 90’s. In 2004 the Group participated in the IPO of Digital Realty Trust, contributing its data center assets in exchange for Trust Units.  The Group’s current data center projects include the development of 3000 Skyline Drive, a 750,000 square foot building in Mesquite Texas.

Somerston invests in early stage venture capital companies, where it may take a large or controlling stake.  It also holds passive positions in later stage pre-IPO companies. Somerston recognises the application of disruptive technology across multiple industries, seeking to leverage these advancements to create exceptional opportunities for returns. For further details please contact aaron.knapik@somerston.com

Somerston Asset Management operates four open ended portfolios of listed liquid assets which are available by invitation to external investors; the Somerston Multi Asset Fund which employs a dynamic unconstrained investment strategy; the Somerston Technology Fund and the Somerston Core Equity Strategy Most recently we have launched the Somerston Rainy Day Fund which is designed to positively capture adverse market conditions. Follow these links to find out more and see the latest performance reports and commentaries.