EFTA00551657

From: Karyna Shuliak 
To: Alex Peto  
Subject: Re: Marrakech Property 
Date: Thu, 03 Jan 2019 15:43:26 +0000 
Dear Alex, 
Thank you. We wish you well. Our interest will expire at the end of this month as we will move on to another 
house. 
Thank you. 
Best regards, 
Karyna 
On Jan 3, 2019, at 9:49 AM, Alex Peto  
 wrote: 
Dear Karyna 
There have been many offers for Bin Ennakhil and there is currently one on the table for around 30m euros but 
it has not been agreed. 
I will of course let you know if it sells or indeed if it falls through but a figure between 15m - 20m euros is not 
of interest to the vendor. 
If you could come back and have another look in the spring should it remain available it would be great. 
All the best 
Alex 
Alex Peto 
Partner 
(Office) 
(Maroc Cell) 
(UK Cell) 
www.kensingtonmorocco.com 
Find us on Facebook I Instagram I Twitter 
Private Office Marrakech 
1st Floor, 1mm El Pacha 
67 Rue Ibn Khaldoun, 40000 
Marrakech 
Morocco 
<unknown.png> 
EFTA00551657

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On Jan 2, 2019, at 17:31, Karyna Shuliak < 
> wrote: 
Dear Alex, 
Thank you very much , hope you had a nice holiday. 
We were told that an offer had been accepted in the low 20s by another buyer. We think a price between 15 
and 20 would be as high as we would go, and that would include all taxes. We calcualted that at least 5- 10 
months would be needed and 18 months to finish the guest part, redo plumbing, electrical and infrastructure, 
which frankly appeared quite old. If your other offer falls through, please contact me. Otherwise thank you 
very much for your time. We understand sellers can sometimes be stubborn, but there is a reason that this has 
been on the market for so long without a sale. 
Happy New Year. 
All the best, 
Karyna 
On Jan 2, 2019, at 10:17 AM, Alex Peto < 
> wrote: 
Dear Karyna 
Happy New Year. 
I thought I would check you well received all the photos and information I sent through and wondered if 
there was any feedback? 
All the best 
Alex 
Alex Peto 
Partner 
(Office) 
(Maroc Cell) 
(UK Cell) 
www.kensingtonmorocco.com 
Find us on Facebook Instagram I Twitter 
Private Office Marrakech 
1st Floor, Imm El Pacha 
67 Rue Ibn Khaldoun, 40000 
Marrakech 
Morocco 
EFTA00551658

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On Dec 23, 2018, at 10:34, Alex Peto  
> wrote: 
Dear Karyna 
It was a pleasure to meet you and show you some properties during your visit to Marrakech. Below is a 
brief synopsis of each of the 3 properties you saw. 
Bin Ennakhil - the asking price remains at 55m euros but as discussed this price is negotiable and we had 
it under contact last year but due to health reasons the purchaser had to pull out. I now believe an offer 
circa 35m euros would be acceptable. This property is unique and will never be able to be recreated, it is a 
work of art or a monument as much as fabulous property. 
Dar Olfa - like Bin Ennakhil the asking price remains at 65m euros and was also under contact last year 
but due tax reasons the deal did not go ahead - it is likely a figure around 40 - 45m euros would be 
acceptable. The only comparable recent sale was in this compound known as Bab Atlas and was the sale of 
the largest property there for a reputed 100m euros to The Emir of Qatar. 
Ksar Swan - also located in Bab Atlas with an asking price of 30m euros is less negotiable. This property 
is owned by the developer of the whole project and as you saw has some wonderful workmanship with 
hand carved cedar ceilings and beautiful gardens. As it is lived in most of the year it has a much warmer or 
homely feeling to the all the others you saw. 
The very high end property market in Marrakech is as expected a tiny part of the market and there are no 
comparable sales since the purchase by the Emir however right now Ali Bongo from Gabon and Al 
Nahyan family of Abu Dhabi are both building palaces which will cost over 40m euros each. 
Normally when purchasing a property in Morocco one should add approximately 10% to the purchase 
price spilt 6% in government taxes, 1% Notaire fees and 3% real estate agency fees however in the case of 
Bin Ennakhil for example as the property is owned by a company in Lichtenstein there are no government 
taxes to be paid in Morocco. 
I am sending via wetransfer more pictures of Bin Ennakhil, Ksar Swan and Dar Olfa and you have the 
PDF brochures for each property. 
I look forward to hearing from you and of course I remain at your disposal should you have any more 
questions. 
Kind regards 
Alex 
Alex Peto 
Partner 
EFTA00551659

(Office) 
(Maroc Cell) 
(UK Cell) 
www.kensingtonmorocco.com 
Find us on Facebook I Instagram J Twitter 
Private Office Marrakech 
1st Floor, Imm El Pacha 
67 Rue Ibn Khaldoun, 40000 
Marrakech 
Morocco 
<unknown.png> 
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This e-mail may contain confidential and/or privileged information. II you are not the intended recipient for have received this e-mail in error) please notify the sender immediately 
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EFTA00551660