Outstanding Recreational and Real Estate Investment Opportunities Await Those Searching for Summer Weather during the North Hemisphere's Cold Winter Months: Punta del Este and Edificio Acqua Foresee an Exceptional 2010 Summer Season

PUNTA DEL ESTE, Uruguay, December 2 - Located on a peninsula at the southernmost tip of Uruguay, also known as
the "Switzerland of South America", the city of Punta del Este reigns over
the clear waters of the Atlantic. Its charming harbor divides the ocean into
"La Brava" (rough) and "La Mansa" (calm) waters with both sides of the
peninsula boasting spectacular white sand beaches. The inter-resort route,
which runs from north to south, features an unparalleled view of the ocean,
while Edificio Acqua, the most exclusive real estate development in town,
offers an unmatched beachfront living experience.

    (Photo: www.newscom.com/cgi-bin/prnh/20091202/ARW001-a
            www.newscom.com/cgi-bin/prnh/20091202/ARW001-b)

Known as one of the most exclusive beach resorts in South America,
Uruguay's Punta del Este attracts two million visitors and hundreds of
celebrities and international personalities each year, who enjoy its charm
and variety of activities. The resort combines luxury and sophistication with
a rustic countryside and pristine beaches. Punta del Este is also a safe
destination for foreign direct investment; last year, it attracted an
estimated US$2.044 billion dollars, posted sustained economic growth of 8.9%
in GDP during 2008, and the average value of its properties rose by 14%. For
this reason, and because it does not impose specific restrictions on
foreigners seeking to acquire property, holidays here offer a brilliant
opportunity to make your next real estate investment decision.

About Edificio Acqua:

Designed by renowned architect Rafael Vinoly, the highly praised and
award-winning Edificio Acqua meets the standards of the most demanding
international home buyers and investors. In planning this project, the
architect has paired the best in international design and construction
quality, driven by the belief that the primary responsibility of its design
is to incorporate the natural environment that surrounds it.

The spacious apartments, many with private swimming pools, are built with
warm and bright materials such as floor to ceiling windows and Jura stone
facades and floors. The natural light-filled apartments feature incomparable
construction and design details, while the spacious terraces and windows blur
the line between interior spaces and the outdoors. For more information visit
www.acqua.com.uy

About Punta del Este, its neighborhoods and surrounding villages

San Rafael and El Golf

These are two of the most traditional and upscale neighborhoods on the
peninsula, offering green open spaces dotted with a large forest of pines and
Araucaria trees. This is where its first casino was opened, along with the
first residences, five star hotels such as L'Auberge, and social and sports
clubs such as La Terraza and Cantegril Country Club, with the area's first
18-hole golf course. These districts are noted for their centennial
tranquility and solid tradition, and this is where Edificio Acqua is
peacefully and respectfully situated, honoring the neighborhoods' calm and
solidity, having become a representative icon of the area. Just in front of
its beach, the Acqua Beach Club opens its doors this summer with a delicious
menu selection created by renowned Argentinean chef, Dario Gualtieri.

The Peninsula - "La Punta"

The definitive place for recreation, La Punta offers a spectacular
selection of restaurants and a wide variety of stores along traditional
streets such as Calle Gorlero and Calle 20. It also has a charming port,
where many international regattas such as the Whitbread are held, as well as
a small fish market where you can find the freshest catch of the day.

La Barra & Manantiales

A bit further down the beach is La Barra. Formerly a quiet fishing
village, the town gained recognition when the famous bridge called Puente de
la Barra (noted for its double arch) was built, which today joins the town to
the rest of the beaches stretching north and allowed the arrival of the first
great hotel in the area — La Posta del Cangrejo — which features one of the
best restaurants in the area. Famous for its "Playa de la Desembocadura" and
"Montoya" beaches, the area has undergone tremendous development and over the
years and has become an attractive meeting point for people of all ages. It
offers varied architecture, from large houses such as the one Mick Jagger
stayed in during his last visit, to art galleries, antique shops, and fashion
and design stores. Manantiales, located a couple of miles away, also offers
the best sunset views on beaches such as "Bikini", chosen by surfers for its
quality of its waves.

Jose Ignacio

Located on a small peninsula, this area is known for offering both
"rough" and "gentle" water beaches, just 3 blocks apart from each other. Over
the years, this traditional fishing village became the destination of many
major real estate developments and the epicenter of Punta del Este's social
scene. Its traditional lighthouse offers one of the most recognizable
backdrops of this destination and is the place where renowned chef Francis
Mallman first chose to open his restaurants. After his came many other
restaurants, such as the famous and super trendy La Huella and the more
intimate Marismo — that attract a host of international celebrities such as
Ralph Lauren, Kate Moss and Giuseppe Cipriani.

Laguna del Sauce & Punta Ballena

Located on the highest physical point of the area, these districts
feature hills that offer privileged views of the sea and surrounding
countryside. The lagoon is one of the largest and most beautiful in the area,
and in its vicinity are numerous small farms, "chacras", private residences,
and the Cumbres de la Ballena hotel, with its unique decoration. In Punta
Ballena, on Solanas beach, the "habitable sculpture" called Casapueblo is a
compendium of art, bossa nova, and Candombe. Its "ambassador" — the tireless
and multifaceted traveler, painter, muralist, sculptor, ceramicist, filmmaker
and Uruguayan musician Carlos Paez Vilaro — created it in the 60s,
attracting famed artists such as Vinicius de Moraes and Tom Jobim.

Flor Vrljicak, Edificio Acqua, +54-911-3652-1912, flor at acqua.com.uy