O Property Collection Selects ENKA Construction Company for Dellis Cay



    MIAMI, August 7 /CNW/ - 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.

    MULTIMEDIA AVAILABLE:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5467055




For further information:

For further information: For Dellis Cay Nadine Johnson, 212-228-5555
OPropertyCollection@NadineJohnson.com

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