EFTA02312137.pdf

From: Karyna Shuliak Sent: Thursday, January To: Jeffrey Subject: Fwd: Marrakech Property =br> Begin forwarded message: =div dir="Itr">From: Alex Peto Date: January 3, 2019 at 9:49:11111.1.11 MM =r>o: aryna ula < There have been many offers for Bin Ennakhil and th=re is currently one on the table for around 30m euros but it has not been a=reed. <mailtc </a»<br><b>Subject:</b> <b>Re: Marrakech Prope=ty</b><br><br></div></blockquote><div dir=> I wil= of course let you know if it sells or indeed if it falls through but a fig=re between 15m - 20m euros is not of interest to the vendor. If you could come back and have a=other look in the spring should it remain available it would be great. All the best Alex class=""> Alex Peto Partner4=ont> &n=sp; &nb=p;www.k=nsingtonmorocco.com <http://www.kensingtonmorocco.com/> Find us on Facebook <https://www.fac=book.com/kensingtonmorocco/> a href="https://www.instagram.com/kensington.morocco/" style="color: rgb=149, 79, 114);" class="">Instag=am I Twitter=/o:p> =nbsp; Private Office Marrakech 1st Floor, Imm El Pacha 67 Rue Ibn Khaldoun, 40000 Marrakechadiv> Morocco EFTA_R1_01200002 EFTA02312137 Please consider the enviro=ment before printing this email. This e-ma=l may contain confidential and/or privileged information. If you are not th= intended recipient (or have received this e-mail in error) please notify t=e sender immediately and destroy this e-mail. Any unauthorized copying, dis=losure or distribution of the material in this e-mail is strictly forbidden= <=iv class="">On Jan 2, 2019, at 17:31, Karyna Shuliak wrot=: <=iv dir="auto" class=""> Dear Alex, Thank you very much , hope you had a nice holiday.</=pan> We were told that an offer had been accepted=in the low 20s by another buyer. We think a price between 15 an= 20 would be as high as we would go, and that would include all taxes. We c=lcualted that at least 5- 10 months would be needed and 18 months to finish=the guest part, redo plumbing, electrical and infrastructure, which frankly=appeared quite old. If your other offer falls through, please contact=me. Otherwise thank you very much for your time. We understand sellers can s=metimes be stubborn, but there is a reason that this has been on the market=for so long without a sale. <=r class=""> Happy New Year. =div dir="ltr" class=""> Karyna =n Jan 2, 2019, at 10:17 AM, Alex Peto < class=» wrote: Happy New=Year. I thought I=would check you well received all the photos and information I sent through=and wondered if there was any feedback? All the best Alex Alex Peto Partner 2 EFTA_R1_01200003 EFTA02312138 <=pan lang="FR-MA" class=""> www.kensingtonmorocco.com <http://www.kens=ngtonmorocco.com/> Find us on Facebook <https://www.facebo=k.com/kensingtonmorocco/> I Instagram="span> I Twitter</=:p> <=span> Private Office M=rrakech </=pan> 1st Flo=r, Imm El Pacha 67 Rue Ibn Khaldoun, 40000 Marrakech Morocco cunknown.png> =span class=""> Please consider the environ=ent before printing this email. This e-mai= may contain confidential and/or privileged information. If you are not the=intended recipient (or have received this e-mail in error) please notify th= sender immediately and destroy this e-mail. Any unauthorized copying, disc=osure or distribution of the material in this e-mail is strictly forbidden.=/span> On Dec 23, 2018, at 10:34, Alex Peto wrote: Dear Karyna Bin Ennakhil -=the asking price remains at 55m euros but as discussed this price is negoti=ble and we had it under contact last year but due to health reasons the pur=haser had to pull out. I now believe an offer circa 35m euros would be acce=table. This property is unique and will never be able to be recreated, it i= a work of art or a monument as much as fabulous property. Dar Olfa - like Bin Ennakhil the ask=ng price remains at 65m euros and was also under contact last year but due t=x reasons the deal did not go ahead - it is likely a figure around 40 - 45m=euros would be acceptable. The only comparable recent sale was in this comp=und known as Bab Atlas and was the sale of the largest property there for a=reputed 10Om euros to The Emir of Qatar. Ksar Swari - also located in Bab Atlas with an askin= price of 30m euros is less negotiable. This property is owned by the devel=per of the whole project and as you saw has some wonderful workmanship with=hand carved cedar ceilings and beautiful gardens. As it is lived in most of=the year it has a much warmer or homely feeling to the all the others you s=w. The very high a=d property market in Marrakech is as expected a tiny part of the market and=there are no comparable sales since the purchase by the Emir however right n=w Ali Bongo from Gabon and Al Nahyan family of Abu Dhabi are both building p=laces which will cost over 40m euros each. 3 EFTA_R1_01200004 EFTA02312139 Normally when purchasing a property in Morocco one s=ould add approximately 10% to the purchase price spilt 6% in government tax=s, 1% Notaire fees and 3% real estate agency fees however in the case of Bi= Ennakhil for example as the property is owned by a company in Lichtenstein=there are no government taxes to be paid in Morocco. <=r class=""> I am sending via wetrans=er more pictures of Bin Ennakhil, Ksar Swan and Dar Olfa and you have the P=F brochures for each property. </=iv> I look forward to hearing from you and of course I remai= at your disposal should you have any more questions. =br class=""> Kind regards Alex Alex Peto Partner <=pan lang= FR-MA class= ""> www.kensingtonmorocco.com <http://www.kens=ngtonmorocco.com/> Find us on Facebook <https://www.facebo=k.com/kensingtonmorocco/> Instagram=/span> I Twitter</=:p> <=span> Private Office M=rrakech </=pan> 1st Flo=r, Imm El Pacha 67 Rue Ibn Khaldoun, 40000 Marrakech Morocco cunknown.png> Please consider t=e environment before printing this email. <=span>=his e-mail may contain confidential and/or privileged information. If you a=e not the intended recipient (or have received this e-mail in error) please=notify the sender immediately and destroy this e-mail. Any unauthorized cop=ing, disclosure or distribution of the material in this e-mail is strictly f=rbidden. 4 EFTA_R1_01200005 EFTA02312140 </. iv> 5 EFTA_R1_01200006 EFTA02312141