Florida Real Estate & Land Co.




Lake Nona is a 7,000 acre master planned community encompassing superior schools, numerous parks, and the renowned Lake Nona Golf and Country Club. Set among lush landscaping and pristine lakes, sidewalks connect neighborhoods throughout the community.
Close to the upcoming medical campus, the Orlando International Airport, downtown Orlando and UCF, this great location speaks for itself. Lake Nona is also home to the Northlake Park Community School, recognized as one of the most innovative schools in the country.

Press Release
August 23, 2006

Burnham Institute Selects Orlando for New East Coast
Orlando community unites to bring The Burnham
Institute to Lake Nona

August 23, 2006, ORLANDO, Fla. -- The Burnham
Institute for Medical Research (Burnham) announced
today in a joint press conference with Florida
Governor Jeb Bush, that it has selected Lake Nona,
Orlando, Fla. as the location for its new east coast
research facility. Burnham worked with Enterprise
Florida in a site selection process that had been
narrowed to Orlando and Port St. Lucie, from five
Florida cities that submitted proposals.

Lake Nona is a 7,000-acre master planned community
located in Southeast Orlando, one of Central Florida's
fastest growing regions. It is a Development of
Regional Impact located close to Orlando International
Airport that at build-out will have more than 9,000
residences, and 6.5 million square feet of retail,
life science and commercial space.

"In a matter of five months to the day, this community
has rallied together to assemble some of the most
powerful synergistic relationships in the industry: A
university and research based College of Medicine, a
VA hospital and today, and one of the world's leading
research institutions, The Burnham Institute," said
Rasesh Thakkar, CEO of Tavistock Group, which owns
Lake Nona through its wholly owned subsidiary Lake
Nona Property Holdings, LLC. "It is a reflection of
how this community can turn dreams into reality."

In a collaborative effort to present a compelling
incentive package, Tavistock Group and the Tavistock
Foundation contributed millions of dollars.
Additionally, Lake Nona donated 50-acres of land.

"I invest in life sciences and biotech companies that
save lives and improve the human condition," said Joe
Lewis, Tavistock Group Chairman and Founder. "I am
thrilled that this type of transformational activity
will now be taking place in Central Florida, which is
also home."

"The Tavistock Group has a long standing interest in
the life sciences industry and has invested more than
$250 million into private and public companies with
compelling science," added Shehan Dissanayake, CEO of
Tavistock Life Sciences. "We are looking forward to
partnering with Burnham and the other world class
institutions to further the state's commitment to the
life sciences industry."

Tavistock brought this vision to Lake Nona through its
commitment to life sciences, biotech and healthcare
development. The new Burnham facility will anchor the
Lake Nona Science and Technology Park, alongside the
University of Central Florida healthcare campus, which
houses the College of Medicine.

The donation from the Tavistock Foundation, chaired by
Vivienne Lewis, initiated an overwhelming response
from the community in both public and private

"Our vision for Lake Nona as a center of excellence
for health and life sciences began to solidify with
the recent news of approval for UCF's College of
Medicine, as well as being a preferred site for the
new VA Hospital," added Rasesh. "With the addition of
Burnham, Lake Nona will have complementary academic,
medical research and healthcare facilities creating a
Medical City with boundless opportunities for
Lake Nona will work with Burnham to develop specific
plans for their research center in the coming months.

Lake Nona
Lake Nona is an approximately 7,000-acre
residential/commercial planned community comprised of
three main areas: Lake Nona North, Lake Nona Central
and Lake Nona South. With its prime location between
the Orlando International Airport and the University
of Central Florida in Southeast Orlando, this
Development of Regional Impact (DRI) has the ability
to fulfill the city of Orlando's growing need for a
diverse housing mix. Lake Nona has approved
entitlements for 9,000 residential, 2,250 hotel
resort/villa units, 950,000 square feet of retail,
950,000 square feet of office space, and 4.9 million
square feet of commercial space. Recent developments
will make Lake Nona home to the University of Central
Florida medical campus and a new VA Hospital. Lake
Nona is owned by Lake Nona Property Holdings, LLC
(LNPH), led by parent company Tavistock Group, a
private investment company with a broad portfolio of
assets around the world.

Tavistock Group
Tavistock Group is a privately held investment company
with diverse holdings in real estate, life sciences
companies, financial services, oil and gas
investments, manufacturing, and consumer goods and
retail companies. The group's exclusive residential
club communities include the top-rated Lake Nona Golf
& Country Club, Old Fort Bay in the Bahamas, and the
exclusive Isleworth Golf & Country Club. Tavistock
Group has just announced their newest development,
Albany, a private, residential, golf and resort-style
community on the island of New Providence in The
Bahamas. For more information please visit

Tavistock Life Sciences
Tavistock Life Sciences (TLS) is a division of the
Tavistock Group, a privately-held organization that
invests in a select number of life science
opportunities with exceptional technology profiles.
TLS also partners with scientists, founders, and
inventors on compelling early stage biotech
opportunities and enables all parties to maximize
value and wealth within a stimulating environment. TLS
prides itself on being a dynamic, highly responsive
organization with a long-term commitment to its
partnerships. TLS is the ideal partner, maximizing
value through several support systems, which allow
scientists to focus on their areas of expertise.

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