The Trump Organization, a real estate conglomerate owned by U.S. President Donald Trump and managed by his sons, has announced plans to build Georgia’s tallest building in the capital, Tbilisi. The project will mark the first Trump-branded development in the region.
The 70-storey Trump Tower Tbilisi will overlook the Georgian capital’s Central Park and include luxury apartments, a hotel, high-end shops and premium restaurants, according to a statement released by the Trump Organization. The tower has been designed by architecture firm Gensler.
Donald Trump previously unveiled plans in 2012 to build a 47-storey Trump Tower in Batumi, Georgia’s second city on the Black Sea coast. However, the Trump Organization and its Georgian partner, Silk Road Group, terminated the project in 2017.
Since Donald Trump’s first tenure as U.S. President in 2017, the company has been managed by his sons, Eric Trump and Donald Trump Jr., to avoid a conflict of interest.
The Trump Organization will collaborate on Trump Tower Tbilisi with Georgian real estate developers Biograpi Living and Archi Group, New York City-based real estate investment firm Sapir Organization, as well as Blox Group and Finvest Georgia.
The group said development of the tower would help position Tbilisi as an international hub for investment and culture.
"The Trump name is synonymous with some of the most luxurious real estate developments in the world, and Trump Tower Tbilisi stands as a continuation of that legacy,” Executive Vice President Eric Trump said.
“We are proud to bring this globally recognised standard of excellence to Georgia and are especially pleased to collaborate with such respected and professional developers on this project,” he added.
The Trump Organization said that Tbilisi was continuing to experience steady demand for high-quality residential development, noting that residential values in key districts of the city were increasing by between 7–10% annually.
“An established trade and energy corridor, Tbilisi is increasingly drawing comparisons to emerging luxury destinations such as Lisbon and early-stage Dubai as its hospitality and lifestyle offerings continue to expand,” the company added.
Leaders of the Shanghai Cooperation Organisation (SCO) have gathered in Bishkek for a summit focused on trade, investment and transport as the...
Russian air attacks have killed at least 12 people and injured several others in Kyiv and the surrounding region early on Tuesday, marking the sixt...
China used this week's Shanghai Cooperation Organisation summit to deepen ties across Central Asia, turning a largely symbolic multilateral gat...
Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan have concluded talks in Bishkek, the capital of Kyrgyzstan, as leaders gather for the Shanghai Cooperation Organisation (SCO) summit.
U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday, with Tehran responding by launching ballistic missiles at two U.S. bases in Jordan in the first direct U.S.-Iran military escalation in weeks.
Leaders of the Shanghai Cooperation Organisation (SCO) have gathered in Bishkek for a summit focused on trade, investment and transport as the group marks 25 years since its creation.
Iran has reached an understanding with Oman on transit arrangements through the Strait of Hormuz, but the waterway will remain closed until the U.S. fulfils its commitments, a senior Iranian diplomat said on Saturday.
Kyrgyzstan is hosting the sixth World Nomad Games, bringing together thousands of athletes from around the world for a celebration of traditional sports, cultural heritage and nomadic traditions.
Pakistan has taken over the chairmanship of the Shanghai Cooperation Organisation, with Prime Minister Shehbaz Sharif putting connectivity, artificial intelligence and regional security at the centre of Islamabad’s agenda for the bloc.
Leaders of the Shanghai Cooperation Organisation (SCO) have gathered in Bishkek for a summit focused on trade, investment and transport as the group marks 25 years since its creation.
The European Union has added $17.4 million to its ongoing partnership with the United Nations World Food Programme (WFP) in Afghanistan, extending support for climate-resilient livelihoods, school feeding and agribusiness as drought and food insecurity continue to strain rural communities.
The Permanent Court of Arbitration (PCA) has ruled that India remains bound by the Indus Waters Treaty and must continue to comply with its obligations under the decades-old water-sharing agreement with Pakistan, despite New Delhi's decision last year to place the treaty "in abeyance".
At least 11 people, including eight children, have been killed after a powerful explosion at a firecracker factory in northern India, authorities said, with rescue teams continuing to search through debris amid fears the toll could rise.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment