CAELAN S.A, is a corporation, a legal entity whose headquarter is located in Montevideo Uruguay, domiciled at Rincón 487, 9th floor. The President is Mr. Sergio Sessa and the Vice President is Mr. Ricardo Simón.
CAELAN S.A. is the owner, as promisor-seller, of all the residential units that constitute the development called Playa Brava, in accordance with law 17.292, and registered under number one thousand fifteen (1015) at Faro de José Ignacio Land Registry, Department of Maldonado (Uruguay).
The original design of the housing project was approved by the City Council of Maldonado on October 23, 2015 (Decision number 7726/15, File number 5660/12), and registered in the National Land Registry, Delegate Office of Maldonado with the number 12106 on December 21, 2015.
CAELAN S.A. obtained the approval from the City Council of Maldonado on February 11, 2020, to modify the surface of the units (from 4000 meters to 1000 meters average for each unit) and incorporate internal circulation, according to File 2012-88- 01-05660, Decision 00946/2020, Record number 00241/202.
There are two payment options. The first option is in cash, a 25% deposit upon signing the reservation agreement and 75% upon signing the purchase agreement with simultaneous transfer of ownership; this option has a 5% discount on the reported list price.
The second option is financed, with a deposit of 25% upon signing the reservation agreement and the remaining balance of 75% will be financed in 36 or 60 equal and consecutive monthly installments.
The first installment will expire 30 days following the signing of the purchase commitment. The financing option will have an annual interest rate of 7%.
We have an agreement with Banco Itaú that offers a package of financing and benefits, which will be communicated directly by the Bank.
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Upon receiving the changes, relevant approvals and blueprints, the buyers will be notified, and they will have a period of 30 days to sign the purchase agreement. Once it is signed, the authorization to build will be released.
We established a deadline in the reservations that extends until September 30, 2023 in order to obtain all the approvals and thus deliver the lots to begin construction. The construction could begin in the second half of 2023, if the current approval deadlines are met. Prior to that date, the owners must submit the projects to the architectural commission, which must be approved and complied with the construction regulations of Playa Brava. The Architect Bonilla and his firm will be in charge of the Commission, and his email is [email protected]Playa Brava has a substation installed to supply electricity to the entire neighborhood. The power of this substation is more than enough to supply all the lots and was designed to be able to meet electricity consumption at times of high demand.
We have built an underground ring of all the wiring that provides electricity to all the lots. The energy reception niches and their meters are installed and will reach every single lot.
The services were requested and will be provided by Antel through fiber optics.
The neighborhood is designed with roads that are in full construction, the main streets and access roads are finished and a few others are under construction. Its design was made with several layers of tuff to improve the strength to the streets and an additional layer of tuff on top in a special color that will provide a superb aesthetic to all the roads in the neighborhood.
The ditches are completed and ready for the finishing material; and the rainwater flows perfectly throughout the neighborhood.
The boulevard has a flowerbed of 3 meters in width and about 80 palm trees lined every 8 meters. These palm trees were planted 6 years ago and are well settled and healthy. They are irrigated in prolonged seasons of drought and hot temperatures.
Playa Brava has its own drinking water tanks. The system for drinking water and all drainage is completed for the entire neighborhood.
The sanitation project, which represents our most significant one, has been completed in its entirety. This milestone is of special importance for us, since we have decided to carry out this initiative to contribute to the comprehensive OSE system in Balneario Juanita, the drainage point for all flows from José Ignacio. This is a large scale project, with 600 meters of pipes and equipped with state-of-the-art pumps.
This infrastructure, now fully operational, plays an important role for the community, positively impacting the sanitation of José Ignacio and Balneario Juanita. The work has been completed successfully and plays a crucial role in improving the sanitary conditions of the town.