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Trump looking at development project in Thailand |
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HOME >> NEWS >> Trump looking at development project in Thailand |
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 American property magnate Donald Trump is set to become involved in a major development in Thailand.
Trump is in discussions with Gaysorn Group to invest in a major mixed use project in central Bangkok, it has been confirmed.
The company plans to develop a luxury shopping mall along with 178 serviced apartment units and 30 high-end residence units with 30 year leasehold contracts.
'We are exploring development opportunities. We believe that Asia provides strong opportunities for growth in the future,' said a spokesman for the Trump Organisation.
The portfolio of the Trump Organisation, renowned as an international developer of deluxe properties, includes office buildings, hotels, condominiums, casinos, golf courses and country clubs, mainly in major cities in the US.
It is also developing Trump International Hotel & Tower at The Palm Jumeirah in Dubai.
The new project at the Ratchaprasong intersection, Bangkok's prime retail site, is intended to compete with two direct rivals nearby, CentralWorld and Siam Paragon and has a projected completion date of 2010.
Gaysorn also plans to develop 20 luxury villas for sale at Cape Paradise on Patong Beach in Phuket with show units finished by the end of the year.
Trump is still waiting to hear if he has been given the go ahead to build the world's 'greatest' golf course near Aberdeen in Scotland. The outcome of the public inquiry into the £1 billion resort development is expected any day.
Source: http://www.propertywire.com/ |
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