O Property Collection Selects ENKA Construction Company for Dellis Cay

The O Property Collection is pleased to announce the selection of
ENKA Construction Company for the development of Dellis Cay shortly
after the two year anniversary of the purchase of Dellis Cay on June
30, 2005.

After a worldwide search, and a global bidding process, ENKA
Construction Company was selected and construction will begin by the
end of 2007. The grand opening of Phase I of Dellis Cay is scheduled
in fall 2009.

"We are very pleased to make this announcement today " says Dr.
Cem Kinay, CEO & Chairman of OPC, " and would like to thank Emre Oral
of OPC for taking the lead at all levels of the negotiation process."

Haluk Gercek, Vice Chairman of the Board and General Manager of
ENKA writes, "We are glad to have been chosen as the construction
company for Dellis Cay. We thank Dr. Cem Kinay and Emre Oral for their
decision and look forward to creating a successful masterpiece
together."

Based in Istanbul, Turkey and founded in 1957, ENKA Construction
Company has 25 offices that span the globe and is continuously ranked
among the top general contracting companies in the world. Notable
accomplishments include the Moscow International House of Music, the
Paveletskaya Square Plaza, and the Riverside Hotel, all in Moscow,
Russia, the Istanbul Metro, and United States Embassies in Turkey,
Guinea, Cameroon, Mali, Sierra Leone, Algeria, and Nepal. ENKA
includes projects in Germany, Belarus, Croatia, Romania, Kazakhstan,
Albania, Azerbaijan, Kyrgyzstan, Tajikistan, Oman, Iraq, Saudi Arabia,
Jordan, Ethiopia, Cyprus and Holland. ENKA employs 28,000 workers
worldwide and group companies range from construction, real estate and
energy to trading, manufacturing and retailing. Total group turnover
in 2006 was over USD 4.0 billion.

OPC, founded in 2005, is an international property development
company that invests in, develops, and manages premium realty
developments.

OPC's first development is Dellis Cay, located in the Turks and
Caicos Islands. Scheduled to break ground later this year, this
private island will feature residences, over-water villas, spa, a
marina and a hotel, all to be managed by the prestigious Mandarin
Oriental Hotel Group. Spanning 560-acres in the Caribbean, Mandarin
Oriental Dellis Cay, Turks and Caicos will provide one of the most
comprehensive luxury living experiences in the world.

An international team of six leading architects - Shigeru Ban,
David Chipperfield, Carl Ettensperger, Zaha Hadid, Kengo Kuma and
Piero Lissoni - has been commissioned to design the various lifestyle
zones of the island. Dr. Cem Kinay, CEO & Chairman of OPC, has
previously launched Magic Life Group and was awarded Austria's Man of
the Year in 1997. He was honoured with the State Medal of Austria in
December 2006.

Dellis Cay property purchase and reservations have commenced;
please visit www.delliscay.com for additional details. Image is
available through Associated Press.