Former Magic Life Founders Launch New Concept in Highest-End Luxury Real-Estate Development; The O Property Collection to Redefine Luxury Property Market

The founders of Magic Life Group, Europe's most popular
and high-end all-inclusive club, today launched The O Property
Collection (OPC), the new model in ultra-luxury property development,
based in Vienna.
With a focus on unparalleled service, exotic locations and
innovative design, OPC will provide the most comprehensive luxury
living experience anywhere on earth and - in the process - build a
loyal, global following of guests, residents and partners.
"In years to come, The O Property Collection will be recognized as
the brand that reinvented the high-end living experience," said Dr.
Cem Kinay, Chairman and CEO of The O Property Collection. "The O will
offer a personal, completely customizable experience to each
individual and will redefine the luxury property landscape to inspire
a new vision for the development industry."
OPC founders Dr. Kinay and Oguz Serim have a well-established
track record in luxury resort development and management. In 1990,
they founded Magic Life Group. During its lucrative 14-year history,
Magic Life acquired and managed 20,000 beds in Turkey, Greece,
Tunisia, Spain, Egypt and Bulgaria, served 450,000 guests, and
provided work for 6,000 employees every year, making it Europe's most
popular and high-end all-inclusive club.
This group has become synonymous with groundbreaking business
practices in the travel and property sectors. In 2004, Magic Life
Group and the group's Gulet Touropa Touristik were sold to TUI, one of
the world's largest tour operators.
Simplicity and modernity are at the core of OPC's mission, which
is to become one of the worlds most desirable, respected premium
brands, and, in the process, to set the benchmark for premium leisure
and residential developments. To accomplish this, OPC has partnered
with the world's most exclusive architects and designers, who share
the company's philosophy.
Founded in 2005, the company will invest in and develop premium
realty ventures. The O Property Collection will commence operations by
concentrating on projects located in the Caribbean, Mediterranean and
Asian markets. In select locations, OPC will partner with the world's
top hotel management companies to develop luxury properties of the
highest quality. All products are marketed through international real
estate networks, with dedicated project staff located in the U.S.,
Europe and Asia.
The Company's flagship development, project will be Dellis Cay, a
private island in the Turks and Caicos. Scheduled to open in 2008, the
project is currently estimated at a billion dollars of sales within
the next 5 years. Dellis Cay exemplifies the OPC concept. It will be
divided into "lifestyle zones," each designed by a different
architectural master. This initial investment was made by Turks
Development Limited Partners, created by OPC to invest in Caribbean
projects through a subsidiary, Turks Limited.
OPC has also signed a 49-year lease enabling it to renovate and
operate Kayakapi in Turkey's Cappadocia region. The Company will
develop a luxury mixed-use project that will result in a daily-use
tourism and recreational area that includes restaurants, shops,
museums and lodging accompanied by a boutique hotel and villas.
Every OPC property will be different, but each will bear the marks
of the OPC signature brand - breathtaking, timeless architecture,
sleek design, a reciprocal fit with the natural surroundings and the
absolute finest in amenities and services.
OPC targets a variety of customers, generally ages 30 to 65, who
are employed in dynamic industries. They are accustomed to excellent
levels of service, travel frequently and are constantly looking for
opportunities within the real estate sector. Properties will be easy
to reach, easy to escape to and completely secure. Just as the design
and service is impeccable, the amenities and partners will be selected
to offer an unparalleled collection.
"It is under truly rare circumstances that the most recognized
architects, designers, and hoteliers from around the world will
collaborate together, creating a cohesive architectural vision to
bring O Property Collection to life," said OPC co-founder Serim. "Our
ability to unite this array of unique talent is what enables OPC to
create the most innovative, design-driven luxury destinations in the
world."

About The O Property Collection

The O Property Collection, founded in 2005, is an international
property development company. The company invests in, develops and
manages premium realty ventures. The O Property Collection is a new
brand that has been created to establish a level of design and service
excellence across a variety of geographic territories. Building on the
successes of previous endeavours, this group will redefine an industry
and bring about new concepts of quality in residential and hotel
development. Concentrating on attention to detail and working to
pioneer new levels of excellence in the service and property
management sectors, O Property Collection aims to become one of the
most admired luxury brands - irrespective of sector. The company has a
unique understanding of the luxury travel and property sectors as well
as a differentiating approach to development. The O Property
Collection will commence operations by concentrating on projects
located in the Caribbean, Mediterranean and Asian markets. For more
information visit www.opropertycollection.com.