Re: Bin Ennakhil
Hi Alex,
I heard that your buyer walked away, is that true?
Hi Karyna
This is not true. Marc (my business partner you met) flew to Italy yesterday and is currently with the owner, he has a written offer @ 29m euros but with one complication. The owner is not well and does not want to wait for this to be resolved so for a very quick deal I am told he would accept 25m euros.
All the best
Alex Peto
Partner
Alex,
Thank you.
Karyna
Dear Karyna
Key information from the image:
- Marc is returning from Italy and will send a contract upon his return.
- The email is signed "All the best, Alex"
- Alex Peto is a Partner.
- The website is www.kensingtonmorocco.com
Dear Alex,
As you may already know, we are in negotiations on another property, so please provide as much info as you can, as soon as you are able to. Taxes on transfer, estimated closing costs, inspections, time frame. Has a recent MEP survey been done? Have the roofs been examined? If it is in co form, is there due diligence that has been done on sellers co.?
Thank you.
Best regards,
Karyna
Please find attached a draft of the sale contract of the shares and some requested information:
No transfer taxes. It is a share deal without transfer taxes
Closing costs: Only our real estate agent's fees, 3% ex VAT
Time frame: As soon as the funds are transferred
Due diligence: All the documents of the seller's company are available and this company has only one asset - Bin Ennakhil in Marrakech
MEP, roofs control: No but can be done at anytime
All the best,
Alex
Dear Alex,
Thank you for your email.
Normally seller pays commission, due diligence period to review cost books. List of items to be removed needs detailing. Taxes owed. Can we just buy the asset? How are we to know that the company has no liabilities?
Thank you,
Best regards,
Karyna