EFTA02497645.pdf

From: Marc Leon Sent: Tuesday, July 14, 2015 9:53 AM To: Jeffrey E. Subject: RE: Dear Jeffrey, I understand all your comments and I would =ever insure this property. Your friendship with Jaseem is the best =ecurity. Did not see the values determined by the =irms. It will be difficult to avoid all the =errorist attacks in any place of the world. But no more or less risk in =arrakech than in Paris, Madrid and may be in =oha. The Sheikhs from Middle East didn't =nvest in Tunisia or in Algeria. They do it massively in Morocco. If =hey trust in Morocco's future, we all can also do =t. You mention some friends who would not pay =ore than 25 million. I know their theory. =/span>Price per hectare: 2 million for well =lanted plots =/span>Price per sq. meter: around 2 500 =E2 , which is a ridiculous price given some years ago by a =oroccan architect =/span> If you add everything you will arrive at =ore or less 25 million. This calculation was may be =orrect for the purchase made by Rossi. They priced a shell and =enovate everything, because there was no valuable art =ork. You cannot apply it for Dar Olfa: more or =ess 4 000 € / sq. meter For Bin Ennakhil, you are probably at =5 000 € / sq. meter for the main building. Impossible to =rice it really. You have only two ways to approach Bin =nnakhil: =/span>You don't have the feeling and you =ffer 25 million or may be less EFTA_R1_01622650 EFTA02497645  =/span>It is your dream and you add a real =oodwill. You know that with 2 or 3 additional million you will increase =eriously the value of this monument. I hope that you will not have more headache =ith my comments. Regards Av=nue Yacoub El Mansour Ar=et Bata 3, App. 13, 59 et. Gu=C3 liz - 40000 - Marrakech (Morocco) <http://www.kensington-marrakech.comk De : jeffrey E. =mailto:[email protected]] Envoye : lundi 13 =uillet 2015 18:52 A : =ensington Objet : I =uesss you are not surprised by the values that the firms have =etermined , 1. only ten acres. 2. currently need new =echanicals . wiring, guest house, or houses.. . 2. =irtually unsalable at the moment. 3 political risk, =igh to extreme according to markets. can not get insurance =or more than 15 million. and that is a stretch. I m aware that =our client 2 EFTA_R1_01622651 EFTA02497646 will not currently sell for under 50m. but =t ,by all accounts, is at least twice market. I spoke =o some of the other houses on your list , and none would sell for more =han 25.. not sure what to do. =o:p> please =ote The information contained =n this communication is confidential, may be attorney-client =rivileged, may constitute inside information, and is intended only =or the use of the addressee. It is the property =1JEE Unauthorized use, disclosure or copying of =his communication or any part thereof is strictly prohibited and =ay be unlawful. If you have received this communication in error, =lease notify us immediately by return e-mail or by e-mail to [email protected], and destroy this =ommunication and all copies thereof, including all attachments. =opyright -all rights =eserved 3 EFTA_R1_01622652 EFTA02497647