les dunes real estate development

• 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

RINCON DEL INDIO - PUNTA DEL ESTE - URUGUAY

LES DUNESREAL ESTATE DEVELOPMENT



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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

Latin America.

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

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

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

same opportunities as local competitors. Foreign investments are encouraged.

Uruguay offers significant advantages to those who are currently evaluating

doing business and making investment.

URUGUAY

ARGENTINA

BRASIL

BOLIVIA

PARAGUAY

CHILE

PERU

ECUADOR

VENEZUELA

COLOMBIA



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WHY INVEST INURUGUAY

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.

• 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.

Key Points



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LES DUNES PROJECT

We are presenting LES DUNES business venture, a project located at the beach We have structured the development to be covered through a real estate trust, of Rincon del Indio - Punta del Este´s coast. This project is located between "La with the objective of achieving the lowest possible costs of construction per square Punta" and "La Barra", at Parada 22. meter, being this legal figure the safest and most dynamic for all business venture

investors.

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 The companies that compose the development of this business venture are: woods of pines and eucalyptus of the area. 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

LES DUNES - RINCON DEL INDIO was created to offer an alternative of counselors, all of them traditional and well-known companies of professionals with exclusive apartments in a traditional residential area of woods, a short distance wide national and international experience in each subject. 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, Construction of the project will be executed by a premium a Uruguayan company will have from 106 square meters to 120 square meters, 1, 2, and 3 bedrooms, with an excellent track-record and over 40 years of experience in the construction living - room, dining- room, toilette, kitchen and laundry, deck with barbecue market in Punta del Este. grill, master bedroom in suite with walk -in closet.

We have the pleasure of inviting you to participate at LES DUNES business venture, The project includes large gardens, swimming pool, deck, playroom, a new investment option that combines an exclusive residential area development underground car - park and guests parking. with an excellent real estate investment in Punta del Este.



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EXECUTIVE SUMMARY

Investment Project

Real Estate Market

Execution Plan

Competition

1- Terrazas de Villa Brava – 1 block from the shoreline – prices from USD 3.300 to

LES DUNES investment opportunity consists in buying a group of properties USD 3.700 per square meterlocated at Rincon del Indio, the most exclusive and private area of Punta del Este, 2- Altos del Golf – 6 blocks from the shoreline – prices from USD 3.000 to Uruguay. The project goal is to develop a high quality construction complex of 2

USD 3.500 per square meterapartment buildings - LES DUNES I & II - with a uniquelocation and competitive selling prices. 3- Bosques de la Brava – 5 blocks from the shoreline – prices from USD 2.800 to

USD 3.200 per square meter

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 meterMarch 2011. 5- Equilibrium - 5 blocks from the shoreline – prices from USD 2.800 to USD 3.300Prices of developments in Punta del Este, have increased considerably (+21.22%) per square meterduring the last twelve months due to the growing demand for European, American, Brazilian, Argentine and Chile population.

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.

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:

The investment is planned to be held in a term of 2 years



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Edificio AquaEdificio Aqua

Edificio AqualinaEdificio Aqualina

Fideicomiso Les DunesFideicomiso Les Dunes

Playa Brava Parada 22Playa Brava Parada 22

LOCATION



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Les Dunes complex

front view



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Les Dunes complex

front view



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Les Dunes

Private dead end street



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MasterPlan

PLAYA- 1 min -

GOLF- 2 min -

LA PUNTA- 10 min -

LA BARRA- 10 min -



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Ground Floor zoom in

PLAYA- 1 min -

GOLF- 2 min -

LA PUNTA- 10 min -

LA BARRA- 10 min -



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Standard Floor

Apartment

PLAYA- 1 min -

GOLF- 2 min -

LA PUNTA- 10 min -

LA BARRA- 10 min -



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Terraces Floor

PLAYA- 1 min -

GOLF- 2 min -

LA PUNTA- 10 min -

LA BARRA- 10 min -



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Les Dunes I & II

Apartments Size

PLAYA- 1 min -

GOLF- 2 min -

LA PUNTA- 10 min -

LA BARRA- 10 min -



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Les Dunes I & II

Apartments 101-201-301 GOLF- 2 min -

LA BARRA- 10 min -

PLAYA- 1 min -

LA PUNTA- 10 min -



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Les Dunes I & II


LA BARRA- 10 min -

PLAYA- 1 min -

LA PUNTA- 10 min -



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Les Dunes I & II


LA BARRA- 10 min -

PLAYA- 1 min -

LA PUNTA- 10 min -



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Les Dunes I & II


LA BARRA- 10 min -

PLAYA- 1 min -

LA PUNTA- 10 min -



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Les Dunes I & II


LA BARRA- 10 min -

PLAYA- 1 min -

LA PUNTA- 10 min -



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Les Dunes I & II


LA BARRA- 10 min -

PLAYA- 1 min -

LA PUNTA- 10 min -



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Les Dunes I & II


LA BARRA- 10 min -

PLAYA- 1 min -

LA PUNTA- 10 min -



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CONTACT US

CASPIAN POLO GROUP

Panamericana • ramal Pilar Km. 49,5 • Edificio Concord Rubí of.321 [1629]

Pilar • Buenos Aires • Argentina

Office: (+542322) 668712 / 3

les dunes real estate development

Documents

indio punta

dunes business venture

square punta

dunes rincon

heart of punta

dunes projectwe

este location

uruguays economy