Monday, December 03, 2018 9:01:29 AM
The Company owns 25% of Cerro Bayo Mountain Resort project, which is located within the Nahuel Haupi National Park close to the town of Villa la Angostura in the Argentinean Patagonia and overlooks the Nahuel Huapi Lake. The Cerro Bayo Mountain Resort Project contains a Ski Center. It owns approximately 47 acres of vineyard land within the Santa Maria de los Andes project, which measures approximately 2,000 acres. It owns 20% of the Puerto Madero Docks 2&3 Project, through its subsidiary, Inversiones del Dique S.A., an Argentinean company. This project consists of a floating shopping mall, entertainment venues, restaurants, bars, a marina, a hotel, a spa and gym, and a nightclub in the Puerto Madero district of Buenos Aires. It is being developed by a partnership led by Fiducia Capital Group, which also owns 20% of the project, and Proideas Development which owns another 20% of the project. The remaining 40% of the project is owned by Floating Docks LLC, a United States corporation, and Eric Spencer which own 20% each.
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