Les Dunes . Punta del Este

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

• INTRODUCTION • WHY INVEST IN URUGUAY • WHY INVEST IN REAL ESTATE IN PUNTA DEL ESTE • LES DUNES PROJECT • EXECUTIVE SUMMARY • PUNTA DEL ESTE • LOCATION • LES DUNES PROSPECTS • CONTACT US

URUGUAY

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

The “República Oriental del Uruguay” is a small country both in size and population. Its culture, health and living standards, are among the highest in VENEZUELA

Latin America.

Uruguay´s economy is based on the free enterprise principles while it has a

COLOMBIA

number of state entities engaged in public services and business activities.

Foreign companies as well as foreign investors are welcome and enjoy the

ECUADOR

same opportunities as local competitors. Foreign investments are encouraged.

Uruguay offers significant advantages to those who are currently evaluating doing business and making investment.

PERU

BRASIL

BOLIVIA

PARAGUAY

URUGUAY

CHILE

ARGENTINA

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WHY INVEST IN URUGUAY

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

The economy in Uruguay shows one of the more significant growth phases.

Uruguay's economy is booming with vigorous growth in domestic demand and exports.

Key Points • Stable economy and transparent government.

• Inflation is low in a historical and regional context.

• Uruguay's economy grew by 8.5% in 2010, with 6% growth forecast for 2011.

• Incentives to investment do not discriminate between local and foreign capital.

• The whole tax system is based on the source principle.

• Strict banking secrecy laws are in place-banks cannot share information with any party, including the government of Uruguay, or the government of anycountry for that matter.

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LES DUNES PROJECT

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

We are presenting LES DUNES business venture, a project located at the beach of Rincon del Indio - Punta del Este´s coast. This project is located between "La Punta" and "La Barra", at Parada 22.

The project consists in 2 unique buildings with a total of 42 apartments, located in the heart of Punta del Este combining the sea coast and the great woods of pines and eucalyptus of the area.

LES DUNES - RINCON DEL INDIO was created to offer an alternative of exclusive apartments in a traditional residential area of woods, a short distance from the sea. In this business venture, private and at cost price, we are entering the market at unbeatable low selling prices in comparison to the market values in Punta del Este. The apartments, developed in seven buildings, will have from 106 square meters to 120 square meters, 1, 2, and 3 bedrooms, living - room, dining- room, toilette, kitchen and laundry, deck with barbecue grill, master bedroom in suite with walk -in closet.

The project includes large gardens, swimming pool, deck, playroom, underground car - park and guests parking.

We have structured the development to be covered through a real estate trust, with the objective of achieving the lowest possible costs of construction per square meter, being this legal figure the safest and most dynamic for all business venture investors.

The companies that compose the development of this business venture are: CASPIAN POLO GROUP (www.caspianpolo.com), as developers, BELHOT GONZALEZ LERENA (www.bglasesores.com) as legal advisors, and REYES RIUS ATTORNEYS AND COUNSELLORS AT LAW (www.reyesrius.com) as notary counselors, all of them traditional and well-known companies of professionals with wide national and international experience in each subject.

Construction of the project will be executed by a premium a Uruguayan company with an excellent track-record and over 40 years of experience in the construction market in Punta del Este.

We have the pleasure of inviting you to participate at LES DUNES business venture, a new investment option that combines an exclusive residential area development with an excellent real estate investment in Punta del Este.

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EXECUTIVE SUMMARY

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

1- Terrazas de Villa Brava – 1 block from the shoreline – prices from USD 3.300 to USD 3.700 per square meter 2- Altos del Golf – 6 blocks from the shoreline – prices from USD 3.000 to USD 3.500 per square meter 3- Bosques de la Brava – 5 blocks from the shoreline – prices from USD 2.800 to USD 3.200 per square meter Real Estate Market 4- Quantum - 3 blocks from the shoreline – prices from USD 3.000 to USD 3.300 The real estate market sales reached 1.5 billion US dollars between April 2009 to per square meter March 2011.

5- Equilibrium - 5 blocks from the shoreline – prices from USD 2.800 to USD 3.300 Prices of developments in Punta del Este, have increased considerably (+21.22%) per square meter during the last twelve months due to the growing demand for European, American, Brazilian, Argentine and Chile population.

Execution Plan The project starts by buying exclusive selected and reserved properties by Caspian Today, the project with the highest value per square meter in Punta del Este is “Le Polo Group in which the LES DUNES buildings are going to be placed. The following Bleu”, the harbor side building designed by Uruguayan architect Carlos Ott, with step consists on an exclusive and well focused marketing & presale campaign with the list price of USD 7,680 per m2. After being the priciest for several years, the objective of selling as many apartments as possible in order to minimize the “Acqua” condominium, designed by renowned Uruguayan architect, construction investment amount by building with the presales income.

RafaelViñoly at USD 6,038 per square meter, has now slipped to second place; “Aquarella” is in third place, with an asking price of USD 4,590 per m2.

The investment is planned to be held in a term of 2 years Competition There are 5 developments at the moment on the same area as Les Dunes I & II, but none of them are as well located as Les Dunes I & II at half a block from the shoreline and in a private and exclusive dead end street: Investment Project LES DUNES investment opportunity consists in buying a group of properties located at Rincon del Indio, the most exclusive and private area of Punta del Este, Uruguay. The project goal is to develop a high quality construction complex of 2 apartment buildings - LES DUNES I & II - with a uniquelocation and competitive selling prices.

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LOCATION LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

Fideicomiso Les Dunes Edificio Aqua

Edificio Aqualina

Playa Brava Parada 22

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Les Dunes complex front view

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

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Les Dunes complex front view

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

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Les Dunes Private dead end street

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

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GOLF - 2 min -

MasterPlan LA PUNTA - 10 min -

LA BARRA - 10 min -

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

PLAYA - 1 min -

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GOLF - 2 min -

Ground Floor zoom in LA PUNTA - 10 min -

LA BARRA - 10 min -

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

PLAYA - 1 min -

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GOLF - 2 min -

Standard Floor Apartment

LA PUNTA - 10 min -

LA BARRA - 10 min -

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

PLAYA - 1 min -

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GOLF - 2 min -

Terraces Floor LA PUNTA - 10 min -

LA BARRA - 10 min -

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

PLAYA - 1 min -

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GOLF - 2 min -

Les Dunes I & II Apartments Size

LA PUNTA - 10 min -

LA BARRA - 10 min -

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

PLAYA - 1 min -

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LA BARRA - 10 min -

Les Dunes I & II Apartments 101-201-301

PLAYA - 1 min -

GOLF - 2 min -

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

LA PUNTA - 10 min -

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LA BARRA - 10 min -

Les Dunes I & II Apartments 102-202-302

PLAYA - 1 min -

GOLF - 2 min -

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

LA PUNTA - 10 min -

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LA BARRA - 10 min -

Les Dunes I & II Apartments 103-203-303

PLAYA - 1 min -

GOLF - 2 min -

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

LA PUNTA - 10 min -

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LA BARRA - 10 min -

Les Dunes I & II Apartments 104-204-304

PLAYA - 1 min -

GOLF - 2 min -

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

LA PUNTA - 10 min -

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LA BARRA - 10 min -

Les Dunes I & II Apartments 105-205-305

PLAYA - 1 min -

GOLF - 2 min -

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

LA PUNTA - 10 min -

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LA BARRA - 10 min -

Les Dunes I & II Apartments 106-206-306

PLAYA - 1 min -

GOLF - 2 min -

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

LA PUNTA - 10 min -

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LA BARRA - 10 min -

Les Dunes I & II Apartments 107-207-307

PLAYA - 1 min -

GOLF - 2 min -

LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

LA PUNTA - 10 min -

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CONTACT US LES DUNES REAL ESTATE DEVELOPMENT RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

CASPIAN POLO GROUP Panamericana • ramal Pilar Km. 49,5 • Edificio Concord Rubí of.321 [1629] Pilar • Buenos Aires • Argentina Office: (+542322) 668712 / 3

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