Re:
I understand all your comments and I would never insure this property. Yo=r friendship with Jaseem is the best security.
Did not see the values de=ermined by the firms.
It will be difficult to avoid all the terrorist a=tacks in any place of the world. But no more or less risk in Marrakech tha= in Paris, Madrid and may be in Doha.
The Sheikhs from Middle East didn=E2 t invest in Tunisia or in Algeria. They do it massively in Morocco= If they trust in Morocco's future, we all can also do it.
You mention some friends who would not pay more than 25 million. I know=their theory.
=C2 </=>Price per hectare: 2 million for well plant=d plots
=AO Price per sq. meter: around 2 500 €, wh=ch is a ridiculous price given some years ago by a Moroccan architect
If you add everything you will arrive at more or less 2= million.
This calculation was may be correct for the =urchase made by Rossi. They priced a shell and renovate everything, becaus= there was no valuable art work.
You cannot apply it for Dar OI=a: more or less 4 000 € / sq. meter
a class="MsoNormal">For Bin Ennakhil, you a=e probably at 15 000 € / sq. meter for the main building. Imp=ssible to price it really.
You have only two ways to approach B=n Ennakhil:
- =AO <=pan style="font-size:11.0ptfont-family:"Calibri",sans-serif;c=lor:011497d" lang="EN-US">You don't have the feeling and you off=r 25 million or may be less
=/span>lt is your dream and you add a =eal goodwill. You know that with 2 or 3 additional million you will increa=e seriously the value of this monument.
I hope that you will =ot have more headache with my comments.
Regards=/span>
Marc LEON
Managing Director
KENSINGTON
Finest Properties Marrakech Sarlau<=u>
License =artner of KENSINGTON
Finest Properties International
Exclusive affilia=e of
CHRISTIE'S International Real Estate
Private Office Marrak=ch
Avenue Yacoub El Ma=sour
Arset Bata 3, App. 13, 59 et.
Gueliz - 40000 - Marrakech=(Morocco)
Tel.:
Fax:
C=II:
Cell: +=
www.kensington-morocco.=om http://www.kensington-marrakech.co=/
De : jeffrey E. Imailto:jeevacation@gmailcom mailto:j=evacation@gmail.com J
E=voye : lundi 13 juillet 2015 18:52
A : K=nsington
Objet :
I guesss you are =ot surprised by the values that the firms have determined , 1. =only ten acres. 2. currently need new mechanicals . wiring, guest house, o= houses. . . 2. virtually unsalable at the moment. 3 =AO political risk, high to extreme according to markets.=C2 can not get insurance for more than 15 million. and that is a stretc=. I m aware that your client will not currently sell for under 50m.=C2 but it ,by all accounts, is at least twice market.=C2 I spoke to some of the other houses on your list , and none wo=ld sell for more than 25.. not sure what to do.
=C2 please note
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please note
T=e information contained in this communication is confidential, may be a=torney-client privileged, may constitute inside information, and is int=nded only for the use of the addressee. It is the property of JEE
communication or any pa=t thereof is strictly prohibited and may be unlawful. If you have recei=ed this communication in error, please notify us immediately by retu=n e-mail or by e-mail to jeevacation@gmail.com mailto:jeevacation@gmail.com , and destroy this communication an= all copies thereof, including all attachments. copyright -all rights r=served
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Thank you for you comments . =AO The sheiks have no where else to go. they cant realis=ically buy in ca=ifornia „ c=ile. hawa=i, singap=re. austr=lia. . they need to buy muslim , arab culture. they bought egypt, beirut syria, . tunesia, few pla=es left..
some of my comments were lost in tra=slation. the three houses you mentioned angelli etc. will each s=ll for less that 25. without the Baksheesh.
as angelli, and <=pan tabindex="-1" id=":1bm.16" style="" class="">bandar may=soon come to market;
none of the three firms were able to com= above 20 million for value. . not one. . chateaus in france , larger ,=houses. gardens with history all sell for lower. historical va=ue and fr=nce is considered not as high a political risk, .as you know =he king is not well
there is much work to be done on me=hanicals. they are alll 25 years old
=AO Im tr=ing to convince myself to go higher. not easy but i love the souse
Do you think Mr Kiss would rent it to m= for a month. so that I may get a true sense of it. ? lets say=80k for him and 20k for you.
can you also send the othe= rossi p=operty, that you mentioned