EFTA Document EFTA01733571

From: Jeffrey Epstein <[email protected]> Sent: Tuesday, July 14, 2015 11:17 AM To: Marc Leon Subject: Re: Thank you for you comments . =AO The sheiks have no where else to go. they cant realis=ically buy in ca=ifornia „ c=ile. hawa=i, singap=re. austr=lia.. they need to buy muslim , arab culture. they bought egypt, beirut syria, . tunesia, few pla=es left.. some of my comments were lost in tra=slation. the three houses you mentioned angelli etc. will each s=ll for less that 25. without the Baksheesh. as angelli, and <=pan tabindex="-1" id=":1bm.16" style="" class="">bandar may=soon come to market; none of the three firms were able to com= above 20 million for value.. not one. . chateaus in france , larger ,=houses. gardens with history all sell for lower. historical va=ue and fr=nce is considered not as high a political risk, .as you know =he king is not well there is much work to be done on me=hanicals. they are alll 25 years old =AO Im tr=ing to convince myself to go higher. not easy but i love the souse Do you think Mr Kiss would rent it to m= for a month. so that I may get a true sense of it. ? lets say=80k for him and 20k for you. can you also send the othe= rossi p=operty, that you mentioned On Tue, J=I 14, 2015 at 5:52 AM, Marc Leon < <mailto:m » wrote: I understand all your comments and I would never insure this property. Yo=r friendship with Jaseem is the best security. Did not see the values de=ermined by the firms. It will be difficult to avoid all the terrorist a=tacks in any place of the world. But no more or less risk in Marrakech tha= in Paris, Madrid and may be in Doha. EFTA_R1_00007400 EFTA01733571 The Sheikhs from Middle East didn=E2 t invest in Tunisia or in Algeria. They do it massively in Morocco= If they trust in Morocco's future, we all can also do it.<=> </=> You mention some friends who would not pay more than 25 million. I know=their theory. - =C2 </=>Price per hectare: 2 million for well plant=d plots - =AO Price per sq. meter: around 2 500 €, wh=ch is a ridiculous price given some years ago by a Moroccan architect</=> - =A0 If you add everything you will arrive at more or less 2= million. This calculation was may be correct for the =urchase made by Rossi. They priced a shell and renovate everything, becaus= there was no valuable art work. You cannot apply it for Dar OI=a: more or less 4 000 € / sq. meter a class="MsoNormal">For Bin Ennakhil, you a=e probably at 15 000 € / sq. meter for the main building. Imp=ssible to price it really. =span style="font-size:11.0ptfont-family:"Calibri",sans-serif;=olor:ttlf497d" lang="EN-US"> You have only two ways to approach B=n Ennakhil: - =AO <=pan style="font-size:11.0ptfont-family:"Calibri",sans-serif;c=lor:011497d" lang="EN-US">You don't have the feeling and you off=r 25 million or may be less =/span>lt is your dream and you add a =eal goodwill. You know that with 2 or 3 additional million you will increa=e seriously the value of this monument. I hope that you will =ot have more headache with my comments. Regards=/span> =A0 Marc LEON Managing Director KENSINGTON 2 EFTA_R1_00007401 EFTA01733572 =span style="font-size:10.0ptfont-family:"Verdana",sans-serif;=olor:#004000" lang="EN-US">Finest Properties Marrakech Sarlau<=u> License =artner of KENSINGTON Finest Properties International Exclusive affilia=e of CHRISTIE'S International Real Estate Private Office Marrak=ch Avenue Yacoub El Ma=sour Arset Bata 3, App. 13, 59 et. Gueliz - 40000 - Marrakech=(Morocco) Tel.: Fax: C=II: /=> Cell: += www.kensington-morocco.=om <http://www.kensington-marrakech.coq> De : jeffrey E. Imailto:jeevacation@gmailcom <mailto:[email protected]> J E=voye : lundi 13 juillet 2015 18:52 A : K=nsington Objet : I guesss you are =ot surprised by the values that the firms have determined , 1. =only ten acres. 2. currently need new mechanicals . wiring, guest house, o= houses.. . 2. virtually unsalable at the moment. 3 =AO political risk, high to extreme according to markets.=C2 can not get insurance for more than 15 million. and that is a stretc=. I m aware that your client will not currently sell for under 50m.=C2 but it ,by all accounts, is at least twice market.=C2 I spoke to some of the other houses on your list , and none wo=ld sell for more than 25.. not sure what to do. =C2 please note The i=formation contained in this communication is confidential, may be attor=ey-client privileged, may constitute inside information, and is intende= only for the use of the addressee. It is the property of JEE Una=thorized use, disclosure or copying of this 3 EFTA_R1_00007402 EFTA01733573 communication or any part t=ereof is strictly prohibited and may be unlawful. If you have received =his communication in error, please notify us immediately by return e=mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all =opies thereof, including all attachments. copyright -all rights reserve= <=div> please note T=e information contained in this communication is confidential, may be a=torney-client privileged, may constitute inside information, and is int=nded only for the use of the addressee. It is the property of JEE communication or any pa=t thereof is strictly prohibited and may be unlawful. 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