The name comes from the simultaneous construction of the adjacent home of the press for the Summer Olympics in 1972.

In 1993–94, the shopping centre was extended and modernized by the Munich architects Hans Baumgarten and Curt O.

[2] The sales area of the OEZ, which belongs to the ECE Project Management,[3] covers 56,000 m2.

[4] The shopping centre is served by Olympia-Einkaufszentrum station on the Munich U-Bahn on lines U1 and U3, and has 2,400 parking spaces.

Ten people, including the shooter, were killed and 21 were injured.