T H E C O R A L D E V E L O P M E N T U P D AT EJ U LY 2 0 1 4

T H E C O R A L S I T E P L A N

Road works have now reached the fi nal part of the

site at the beach front. In order to facilitate the

organisation of the construction of infrastructure

throughout the site, ground works have been

divided into three phases:

- Phase One in quadras 56 to 31 - Completed

- Phase two in quadras 30 to 10 - Completed

- Phase three in quadras 7 to 3. We are now

completing this third phase of work.

The main boulevard that runs through the entire

length of the development, from quadras 56 to 3, is

now complete. Secondary roads from quadras 30

to 3 are prepared for the fi nal layer of pavement,

with the road foundations consisting of 30cm of

redsand on top of a rock base.

Three companies are tendering for the pavement

works on the main and secondary roads, which

we will receive on Thursday 31st July. The laying

of road pavements will start in quadras 3 to 7 and

progress to quadras 10 through to 30.

3

D E V E L O P M E N T U P D A T E

“Infrastructure works have progressed well over the last quarter and is right on track with the development schedule. Road works have now reached the beach front area of the site completing the main boulevard throughout the resort. This is a major milestone for us that will be finalised over the coming months.”

Note from The Coral Project Manager, Thiago Parente

Road works on the beach front part of the site, July 2014.

Whilst the final layer of the roads are being laid down in

these quadras, further leveling of sand will take place in

quadras 56 to 31. These works will take four months to

complete as the elevation of this area rises to 55m above

sea level.

Once paving of the final section of the road is completed,

licences for the individual show homes will be applied for.

Plots have been marked out from the coconut plantations

down to quadra 3 on the beach front.

4

D E V E L O P M E N T U P D A T E

SUMMARY OF WORKS TO DATE

9 km of main streets laid with 30cm of

red sand that serves as a base for paving.

6.8 km of secondary roads laid with

30cm of red sand that serves as a base

for paving.

Leveling completed in quadras 3 through

to 56, covering an area of 635 lots.

12 construction men working onsite with

heavy equipment.

15,000 hours of heavy machinery work

completed.

Environmental management company,

ORBS, are surveying all works to ensure

environmental requirements are being

fulfilled.

Main boulevard through the Rio das Palmieras community.

View towards the coconut and palm plantations between Sunrise beach and Rio das Palmieras communities.

End of the road at quadra 3.

View onto the site from the beach.

View taken from above quadras 3-5.

Road up to the sand dune before reaching the beach front community.

We are pleased to announce the arrival of two new

villa designs. Along side the Brazilian villa design,

The Coral is now able to offer a further two designs

to choose from one a Rustic style and the other a

contemporary, modern design.

It has always been our aim to offer future property

owners a selection of designs over a number of

different distributions and layouts. The addition

of these designs to The Coral villa portfolio means

owners can now choose from seven different options

over one or two levels.

The Brazilian villa design is offered in three

configurations:

1) 100 sqm over one level comprising two

bedrooms and two bathrooms.

2) 150 sqm over two levels comprising three

bedrooms and three bathrooms.

3) 225 sqm over two levels comprising four

bedrooms and four bathrooms.

The Rustic and the Modern villa designs are offered

in two configurations:

1) 125 sqm over one level comprising two

bedrooms and two bathrooms.

2) 165 sqm over two levels comprising three

bedrooms and three bathrooms.

6

N E W V I L L A D E S I G N S

The following pages give you a first glance of these designs.

Further information regarding full specifications and

pricing will be released shortly. We will keep you updated

with this information.

RUSTIC DESIGN VILLA

The rustic villa design brings characteristics from

traditional Balinese and Indonesian architectural

design. Triangular, overhanging roof, wooden louver

style shutters over doors and windows, wooden

pillars supporting wooden verandas and terraces.

Tropical plants adorn both exterior and interior

spaces bringing the outside inside.

Interiors incorporate natural sustainable woods

and stone materials with earthy tones. Wood is

used throughout for various features supporting

the rustic design. In the garden, a Balinese gazebo

interrupts the Indonesian style swimming pool

providing a perfect relaxing area both day and night.

MODERN VILLA DESIGN

The modern villa design incorporates the integral

themes of a contemporary, modernist and

minimalist design. Clean lines, open spaces, fl oor to

ceiling windows, neutral colours and angular styles

characterise this villa design. Dark wood decking,

windows and door frames provide warmth to this

style of villa. A neutral colour palette and large glass

windows provide an elegant interior design.

Outside, the landscaped gardens continue with this

theme offering neat, tidy gardens and a modern style

swimming pool that sits symmetrically to the decked

terrace adjacent to the villa.

The recent FIFA World Cup has been an

unprecedented success for Brazil with fi gures

for both visitor numbers and visitor spending

exceeding initial expectations. As well as

fi nancial rewards, the event has helped to place

Brazil fi rmly on the world tourist map. This

will undoubtedly translate into higher tourism

fi gures and increased interest in Brazilian

property over the next few years.

FIFA President, Joseph Blatter, announced

that the 2014 World Cup was the best ever,

awarding the event a mark of 9.25 out of

10 (higher than the mark given to South

Africa). Reviews from over 18,000 journalists

accredited for the event valued the event

extremely positively, highlighting the country’s

many tourist attractions, high level of security

and good transport infrastructure.

Tourists visiting Brazil for the World Cup

reported an equally satisfactory experience.

According to a survey carried out by the Ministry

of Tourism, over 95 per cent of foreign tourists

expressed the intention to return to Brazil for

a holiday, confi rming that the World Cup has

served as a springboard for Brazil as a world

holiday destination.

In the state of Ceará, whose capital Fortaleza

hosted four World Cup matches, the direct

effects of the World Cup have been particularly

positive. The state government has confi rmed

that spending during the event reached R$961.6

million, considerably higher than their initial

estimates of R$700 million. In terms of the local

economy as a whole, the World Cup had an

economic impact of R$1.6 billion, an increase of

nearly 174 per cent on the same period last year

during the Confederations Cup.

Foreign tourist fi gures to Ceará also experienced

9

MARKET NEWS WORLD CUP REAPS REWARDS FOR FORTALEZA

an increase beyond original expectations. Over

169,000 foreigners travelled to the state for the

World Cup compared to just 22,000 during the

Confederations Cup. The number of domestic

visitors also increased – some 194,000 visited

Ceará, a 9 per cent rise on 2013 – confi rming

the state’s popularity among Brazilian

holidaymakers.

The World Cup has resoundingly served to

place Ceará, on the world tourist map and local

experts predict record tourism fi gures over the

next few years as the area gains prominence

both on the national and international tourist

circuit. This will undoubtedly further boost the

local property market, already one of the most

buoyant in Brazil. According to the national

housing price index FipeZap, prices in Fortaleza

have risen over 5 per cent since January (the

national average is around 3 per cent) and after

the World Cup success, all the signs point to

continued increases.

10

MARKET NEWS

For more information:Email us at: info@bric-investment.com

Call us on: UK Freephone 0203 399 9439USA Freephone (+1) 321 247 6897Rest of World: +34 952 810 711

USA

109 N Brush StreetSuite 160 TampaFL 33602

(+1) 813 315-3885

BRAZIL

Av. Dom Luis, 1200 SLR1304/1305 Torre 1 Business Ed.Patio Dom Luis MeirelesFortaleza, Ceara, Brazil

+(55) 85 3013-1111

SPAIN

Centro de NegociosPuerto Banus, Ofi cina 3929660 Nueva AndaluciaMarbella, Spain

(+34) 952-810-711

HUNGARY

Mammut II - 3th fl oorLövöház utca 2-6.1024 Budapest

(+36) 1 345-8211

DUBAI

Offi ce No 2210Bayswater BuildingBusiness Bay(Consulting offi ce)

(+971) 44 275-072

Alternatively, contact your nearest regional office.