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NEW YORK, NY December 3, 2007 OZ Holdings Acquires Property in Manhattan for Future DevelopmentOZ Holdings, LLC, a New York City-based real-estate investment company, announced that it recently closed on the purchase of a prime development site just off of Fifth Avenue, located in the Flatiron /Chelsea District of Manhattan. The purchase is in partnership with TDC Development Corporation. "Along with our partners, TDC Development Corporation, we are excited about this project which represents an opportunity to develop a well located Manhattan site, in a very desirable neighborhood at a compelling below market price” said Ophir Sternberg, Managing Partner, OZ Holdings, LLC. " About OZ Holdings OZ Holdings, LLC is a New York City-based real estate investment/development company with a strong focus on hospitality development. OZ seeks to identify development opportunities in the world market with the potential for superior returns. The company currently has projects underway in the USA, China and the Caribbean. OZ typically sources investments by teaming up with joint-venture partners with excellent access to off-market transaction flow. The firm seeks to add value, with proven local partners, through creative use of capital and aggressive asset management. In addition, OZ views contribution to the community and the environment as a central tenet of its business core vision. OZ Holdings, LLC is a privately held company with offices in New York City and Shanghai. For more information on OZ Holdings, visit the company web site at www.ozholdings.com. Media Contact:
Gil Kraiem, Director of Communications, Oz Holdings, LLC
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