Invest in a premium project with Guaranteed Income PREMIUN PROJECT ¿WHY SHOULD I INVEST IN CALDEN I – CARHUÉ-?  High rental income potential: 10% ROI guaranteed by contract GIC during the first year for those investing before October 31, 2013.  For the chance to invest from $ 150,000 “Argentinean Pesos” in our exclusive FRACTIONAL CALDEN Program. Purchase a share of a furnished apartment built into a professionally managed Short Term Rental Pool.  For the incomparable therapeutic benefits of Epecuén, hypersaline lagoon of similar characteristics to the well known waters of Salies-de-Béarn, Biarritz Biscours (Basses-Pyrenees) and the Dead Sea.  Because Carhué is an established spa destination, with constant influx of tourists during all months of the year and a huge potential for tourism growth as the premium spa destination in Latin America.  For being a Premium project designed, built & equipped to the highest international quality standards. PHONE………………………+54 11 5827 4574 E MAIL…………………….... info@edificiocalden.com.ar WEB………………………..…www.edificiocalden.com.ar

1. PRIVATE THERMAL SPA CONDOMINIUM
Invest in a premium project with
Guaranteed Income

2. PREMIUN PROJECT
¿WHY SHOULD I INVEST IN CALDEN I – CARHUÉ-?
§ High rental income potential: 10% ROI guaranteed by contract GIC during the first
year for those investing before October 31, 2013.
§ For the chance to invest from $ 150,000 “Argentinean Pesos” in our exclusive
FRACTIONAL CALDEN Program. Purchase a share of a furnished apartment built into a
professionally managed Short Term Rental Pool.
§ For the incomparable therapeutic benefits of Epecuén, hypersaline lagoon of similar
characteristics to the well known waters of Salies-de-Béarn, Biarritz Biscours (BassesPyrenees) and the Dead Sea.
§ Because Carhué is an established spa destination, with constant influx of tourists during
all months of the year and a huge potential for tourism growth as the premium spa
destination in Latin America.
§ For being a Premium project designed, built & equipped to the highest international quality
standards.

3. THE PLACE
CARHUÉ
§ Calden I is located in the center of the town of Carhué, meters from the main square.
§ Carhué is 500 km from Buenos Aires and 200 km from Bahia Blanca. Furthermore
17,000,000 people live in a radius of less than 800 km.
§ Municipal Center of Adolfo Alsina county, and consolidated spa destination, with influx
of tourists during all months of the year.
§ Hi growth potential as the premium spa & resort destination in Latin America,There
were accommodations for 7,000 tourists at the nearby village of Epecuen until 1985,
when an engineering disaster cussed a flood that ended with the livelihood of that resort
town on the shores of Lake Epecuen. The city of Carhue also at the shores of the same
hyperaline lake, was never affected by this phenomenon. The town of Carhue lays 25
feet above the natural overflow point.At the present time, Carhue offers only
accommodations for 600 tourists. This condition indicates a necessary growth in the area
above 1000%.

4. HYPERSALINE LAKE EPECUÉN
THE BEST KEPT SEECRET
§ The "Argentinean Dead Sea". The waters
of Lake Epecuén are unique, containing
high mineralization . According to several
scientific studies, first among all the
world's mineral waters.
§ In early 1800 the lake was famous for the
curative properties of its waters because
these have a higher mineralization than
other parts of the world. Chlorides and
sulphates, by physicochemical processes,
produces optimum healing results in
depression, psycho physical
exhaustion, rheumatic diseases, skin,
anemia, diabetes, etc..
• In 1886, the first analysis of its waters
where carried out. Were performed by
an Italian chemist who was amazed by
it’s mineral wealth, and found that salinity
was higher at a 10-1 ratio to that of the
sea.

5. GROWTH PLAN
TERMAS DE CARHUÉ - SPA
This activities will serv as instruments to promote and develop our location as
The Premium Spa Destination in South America .
TOURISM / HEALTH
Public Hydrothermal Complex.
Muniicipality of Adolfo Alsina
Integrative Medicine and
Hiperbaric Center
Developed By, Grupo Caldén
International Flag Resort & Spa
Hotel. Developed By Grupo Calden

6. GROWTH PLAN
TERMAS DE CARHUÉ – SPA
SPORTS
KITE SURF – Open International EQUINE SPA,
Developed By Grupo Caldén
Challenge.
Developed By Grupo Caldén
CULTURAL
Documentary Film Festival
Developed By Grupo Caldén
Literary Café.
Developed By Grupo Caldén

7. SURROUNDING AREAS
TOURISTIC INTEREST
1. Internacional Big Game
Hunting Lodges
5.
Espartillar.
National Center for
Black Truffle
2. Coronel Suarez,
Argentinean Capital of
Polo.
3. Sierra De La Ventana,
Mountain Resort Town
6. Las Encadenadas
Sport fishing
7. Rivera,
Historic Jewish Town
4. Tornquist, Vinyards &
Winerys
8. Santa Rosa
Capital City of La Pampa

8. CALDEN I
THE PROJECT
West Tower &
Spa
• Caldén I is the first project of our
comprehensive development plan.
• Premium residential development
comprised of two 3 story towers, with
22 high-end, one and two bedrooms
apartments, restaurant, private parking,
private terraces with hypersaline water
supply.
• The characteristics of Caldén I,
makes it one of the most profitable
investment with the lowest risk.
Heated Pool
CALDEN I
QUALITY & AMENITIES
Ameni&es:
Heated
Covered
Fresh
Water
Pool
Heated
Covered
Hypersaline
Water
Pool
Thalassotherapy
SPA
&
solarium
Mixed
Uses
Room
Intelligent
Security
System
A
carport
per
dwelling
Design
and
construcDon
according
to
the
highest
internaDonal
quality
standards.
General
Contractor,
approved
as
a
AAA
level
provider
by
mulDnaDonal
companies
such
as
Intel,
Hilton
InternaDonal,
etc..

9. East Tower & Restaurant
THE PROJECT
GROUND FLOOR
§ Both, EAST and WEST TOWERS
consist of ground floor, first,
second floor and third floors with
accessible terraces.
§ Restaurant & Spa at ground floor
level
§ 3 types of carports, covered,
uncovered & automated
underground.
West Tower & Spa

10. Dining & Living Rooms
@ second floor
THE PROJECT
FLOOR PLAN, TYP.
•
Direct sunlight and sweeping
views in every
unit.
•
All units have balconies and
separate laundry room.
•
Vertical circulation composed of
safety staircase and latest
generation, digital-hydraulic
elevator system.
Dining & Living Rooms
@ third floor

11. Private hypersaline
thermal pool
THE PROJECT
THE TERRACES
§ Every terrace is a private
functional unit, limiting its use to
activities that do not distort the
visual and environmental
characteristics of the building
§ You can own your private
hypersaline pool. Filtered
hypersaline water supplied from
our own private cistern.
Private hypersaline
thermal pool

12. BUSINESS STRUCTURE
PURCHASE OPTIONS
§ REIT Structure, Real Estate Investment
Trust. Sales are 100% in Argentinean Pesos.
If financed: No interest, outstanding balance
adjusted by CAC Index - Argentina Chamber of
Construction
1- CONVENTIONAL PURCHASE
Purchase a complete unit for your own
use or rent.
§ Phase 1
East Tower. Estimated final completion 2015
§ Phase 2
West Tower. Estimated final completion 2016
Estimated duration of each phase
24 months.
2- FRACTIONAL CALDEN
Purchase a fraction of a furnished
apartment, integrated in a Managed
Rental Pool. (ATA Program)
Minimum purchase $150,000 Argentinean
pesos.

13. WHAT DOES “FRACTIONAL CALDEN”
MEANS?
"Fractional Caldén", means that instead of
buying your property in full and take over full
maintenance, you buy a share of a fully
furnished apartment included in a "Short
Term Tourist Rental Pool", obtaining the
income generated, and the right to use it for
a pre-set time.
In a "Short Term Tourist Rental Pool”, all
incomes are distributed among the
members of the group. The program
manager takes a fee of 15 %. This fee
includes all dynamic revenue management
fees.
We provide a professional management
team, responsible for the day-to-day
operation of the properties managed in the
program.
This is a new option in Argentina, but well
known worldwide. Currently is being used in
several projects in the country.
FRACCIONAL CALDEN is not a Timeshare.
The difference with a timeshare is that the
investor of "Fractional Caldén" owns the real
estate, been favored by the revalorization of
the property, and with total freedom to exit
the investment by selling the share.

14. PRICE
USE
1. OWN USE
2. TRADITIONAL
RENTAL
CONVENTIONAL
PURCHASE
FULL
APART.
ESTIMATED
INCOME
6%
$ 732.000
1. RENTAL POOL
2. OWN USE
(12 WEEKS PER
YEAR)
10%
GUARANTEED
15 %
ESTIMATED
PURCHASING
OPTIONS
FRACTIONAL
PURCHASE
% OF
APART.
$ 150.000
1. RENTAL POOL
2. OWN USE
(1 WEEK PER YEAR)
10%
GUARANTEED
15 %
ESTIMATED

15. CONVENTIONAL PURCHASE
PAYMENT
PROGRAM
Plan
A
35%
Down
payment
65%
Balance
in
24
Months
without
interest.
CAC
Index
adjustment.
Plan
B
50%
Down
payment
25%
Balance
in
24
Months
25%
Mortgage
in
pesos
24
months.
CAC-­‐
adjusted
value
plus
10%
annual
interest.
Mortgage
becomes
acDve
only
aUer
the
delivery
of
deed.
FRACTIONAL CALDÉN
Plan
C
50%
down
payment
50%
balance
in
24
months
without
interest.
CAC-­‐index
adjustment
applies.

16. RESULTS
ESTIMATED ANNUAL YIELD
RENTAL YIELDS
Considering a sale value during construction phase,
been 30 % less than “after completion” projected price.
(Estimated construction phase duration, 24 months).
The owner is directly responsible maintenance and
management.
Construction Phase - 15%.
Short Term Tourist Rental Phase - 15% - 20%.
Calculation based on an estimated demand of 118 days
per year, with a daily rental value equivalent to those
paid at local hotels.
Maximum Exposure ............................. 24 months
Conventional rental.
Short
Term
Tourist
Rental
(ATA).
Professionally managed by our company, dynamic
revenue management (telephone support, check in check out, cleaning, maintenance, etc.)
10 % GUARANTEED RETURN DURING FIRST YEAR

17. OUR
PROFESSIONAL
TEAM
REIT
REGISTERED
NAME
-­‐
“CALDEN
I”
REIT
TRUSTEE
-­‐
“CALDEN
S.R.L.”
ARCHITECTURAL
DESIGN:
ESTUDIO
RAELE:
www.arquitectoraele.com
Architect,
Antonio
Raele.
Graduated
in
1978
from
the
University
of
Buenos
Aires,
Architecture
and
Urban
Design
(UBA).
He
began
his
professional
carrier
with
Architect
Juan
Carlos
Lopez.
Later
also
was
involved
with
Architect
Hugo
Puso.
In
1992
he
founded
his
own
studio.
Achieved
great
success
with
the
implementaDon
of
a
wide
variety
of
projects,
such
as
resorts,
housing
complexes
and
apartment
buildings.
Recently
selected
as
the
exclusive
Architect
for
“Fangio
Hotels”.
LEGAL
AND
ACCOUNTING
SERVICES:
ESTUDIO
LANUSSE:
www.estudiolanusse.com
Legal
and
AccounDng
services,
specializing
in
real
estate
development.

18. DEVELOPER
AND
BUILDER.
RADONIC
CORP.
www.radonic-­‐corp.com
It
is
a
mulDnaDonal
company
engaged
in
real
estate
development
and
construcDon,
specializing
in
high
quality
projects
for
AAA
clients,
with
over
twenty
years
of
experience,
with
operaDons
in
Arizona,
USA
/
Florida,
USA
/
Puerto
Rico,
USA
/
Panama,
Panama
/
Buenos
Aires,
ArgenDna.
Founded
in
1999
in
USA
by
Marcos
Radonic,
a
professional
with
over
twenty-­‐six
years
of
experience
in
the
industry.
His
knowledge
and
perspecDve
have
led
to
the
development
and
management
of
successful
projects
ranging
from
the
construcDon
of
premium
hotels,
museums
and
shopping
malls.
Caribe Hilton (Puerto Rico )
Remodeling of:
§ 210 Guest Rooms
TOWER BUILDING.
§ Expocenter
Intercontinental
San Juan (Puerto Rico).
Remodeling of:
§ Main Lobby, Casino, Ballrooms
§ Guest rooms.
§ Restaurants / Bar s / Pool Area.
/
Some of
our AAA
Clients
Ocean Villas
Westin Rio Mar
(Rio Mar, Puerto Rico).
Interior GC:
New Construction
General Contractor
Museo del Deporte de
Puerto Rico
(Guaynabo, Puerto Rico)
GC General Contractor
New Construcción:
§ Structural Systems.

19. Radonic
Corp.
Won
the
2012
BID
-­‐
QC100,
Award
in
Paris,
France.
InternaDonal
Award
for
Quality
in
ConstrucDon,

20. CONTACT US
PHONE………………………+54 11 5827 4574
E MAIL…………………….... info@edificiocalden.com.ar
WEB………………………..…www.edificiocalden.com.ar

21. PRIVATE THERMAL SPA CONDOMINIUM
Invest in a premium project with
Guaranteed Income