From: jeffrey E. <jeevacation@gmail.com>
Sent: Sunday, July 12, 2015 12:08 PM
To: Marc Leon
Subject: Re:
can you send the other rossi property, ?
On Sat, Jul 11, 2015 at =:24 AM, Marc Leon
a wrote:
Dear Jeffrey=
Very difficult exercise for a Saturday morning !<=>
Marra=ech is still now a very tiny market for high end properties. It may change=in some years or more with the
construction and then their sale of huge pr=perties.
As comps, we have only 3 properties in Marrakec=:
- =C240 Bab Atlas on 50 acres with 220 000 sq. feet =uilt up, the property bought 3 years ago by Sheikh
Khalifa Al Thani. This =roperty was listed at 100 million € and the price of the transacti=n is unknown.
- =C24k </=>Bab Atlas on 24 acres with 100 000 sq.=feet built up, Dar Olfa, listed at 65 million €. The
expenses for =his property should have been around 40 million + 5 million furniture.<=u>
- 40=A0 Bab Atlas on 21 acres, with 60 000 sq. feet built up, the n=w property of Mr. Rossi, developer of the
two other one. It is not formall= on the market, but Mr. Rossi would consider an offer at 40 million 1,=AC. All these
properties have the same modern Moroccan style.
40=A0
N=t on the market and not valuable:
au>- =/span>Prince Bandarau>
- 40=A0 Family Agnelli
-Bin Ennakhil is probably impossible the redo today
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- 4P=A0 8=n Ennakhil offers less sq. feet than other properties, but how many cubic =eet with the 12 and 14
m high ceilings ? Millions hours work for hundreds =f artists.
- =C24> Bin Ennakhil can only become the property of an a=t lover
4>=A0 You could valuate some Picasso by sq. inch, but how =ould you estimate the loconde ?
Google=maps location: 31=C2,40.58.7"N 7°57'54.5"W - 31.682965, -7.965142
=/u>
More details about the costs will follow.
Regards
Marc LEON
Managing Directorow
KENSINGTON
Finest Pro=erties Marrakech Sarlau
License partner of KENSINGTON
Finest Properti=s International
Exclusive affiliate of
CHRISTIE'S International Re=I Estate
Private Office MarrakechAvenue Yacoub El Mansour
Arset Bata 3, App. 13, 52 =C3410t.
Gueliz - 40000 - Marrakech (Morocco)
=span style="font-size:10.0ptfont-family:"Verdana",sans-serif;=olor:gray" lang="EN-US"
/p>
www.kensington-morocco.com
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</=>
De : =effrey E. [mailto:jeevacation@gmail.com <mailto:jeevacation@gmail.com>
Envoys D4:27
A : Kensington
Objet : =/u>
<= class="MsoNormal">l understand the property is unique I have look=d at comp sales. politial risk insurance.
financial risk of country.=C2* /. Not sure what i am missing. but i can'=t get close to his 50 million number. can you
send me comps in=the palamerai, both for what is on the market and what has sold.Q=A0
=C24k please note
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<Alockquote>
please no=e
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