Re: RE : Re:

knight frank just came back with a 15 m price. . with a guesstimate of 1.5 -2 to bring up to today including finishing guest house. . wiring to enable high speed. wifi reception etc. can you send me details of italian embassy in tangier? .

Dear Jeffrey,

I would agree with the Knight Frank's estimation of value if it is just for the garden!

There are 1900 Dactilifera palm trees, 300 Washingtonian palm trees and 320 three hundred year old olive trees which would cost around 15 million euros alone along with the garden design.

If Knight Frank would like to give their real opinion of value for the construction and quality of this masterpiece, we can organize a visit. I would hope this multinational company would never make a formal valuation without viewing first....

Knight Frank has no representative here and are unlikely to have any idea of the real value of high end properties in Marrakech.

I haven't told Mr Kiss about any your comments but I know him very well and I know he would rather give his palace to a foundation than sell it for a too low price.

Dear Jeffrey,

I am really more optimistic about th= final sale price of this property. It will probably not be easy to get a =it much higher than 40. Mr. Kiss refused for several reasons better offers= but this is the past.

Anyway, would you decide to offer 45 and invest 2=to upgrade it, I would be happy to market it for you with this special con=ition: only be paid if the resale price is over 55 !

Regards

=C2

Marc LEON
Managing Director

KENSINGTON

Finest =roperties Marrakech Sarlau

i fully understand, I can always buy it from the foundation? ))::.

I am aware of the cost to rebuild, similar to the chataeu i am looking at in France and the country home in the UK. . however those costs are as you are aware are totally irrelevant to the current market prices. I have not reached out to Mr kiss either because i know it is emotional.and i am sympathetic to his views. I would send you a contract at 20 million but i do not want to upset him, l dont think it will sell for more than that. ever.

ill do better, I 'II buy it for 20=, and if my kiss finds a buyer anytime in the next five years for more tha= 35 . he can sell it to them and ill move out. just give me my money=back

Dear Jeffrey,

I had an exchange with Mr= Kiss this morning. We will certainly not find a way to deal. It seems to =e a dead end. Mr. Kiss thanks' you for your interest for his property.=u>

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Regards</=>

understood„ thank you for yo=r time . if you think of another property let me know. I=belive I am one of the few real buyers. and when and if Mr Kis=, decides he wants a realistic price I stand ready

doubtful, I dont like putman work , =AO I prefer the house to represent the country. . there =as another giant house in tangeir I have the name on my desk i= new york. i want to say mac be house ? or s=mething like it. threee florrs. great room 10 by 2= meters, 8 meter high, I also have a photo . but i wont get to=ny for two more weeks. . the embassy has littel charm. .=C2