Trump to Build Residential, Office & Shopping Complex in Turkey
ISTANBUL, April 16, 2008 - Donald Trump has announced plans to build an office, residential and shopping complex in Istanbul. The project will be developed via a partnership with Turkey's prominent Dogan family.
The project is one of many major real estate developments in the fast-growing city. These large scale, mixed-use projects incorporate upscale shopping malls with other real estate like office space and residential condos.
Trump already has projects in various stages of development in New York, Las Vegas, Chicago, New Orleans, Dubai, Honolulu and Panama City. The Istanbul property would be the Trump Organization's first in Europe.
The deal for the project was signed in New York City by Donald Trump with Mehmet Ali Yalcindag, executive committee chairman of the Dogan family's media company Dogan Yayin Holding DYHOL.IS.
"No doubt Trump Towers will bring an added value to the international brand definition of Istanbul," Yalcindag said after the signing ceremony.
Estimated completion date for the project is 2010. It is expected to span an area of 247,600 square feet in the fashionable Istanbul district of Sisli.
Construction work on the project will be handled by Turkish company Tasyapi. The architectural design will be done by Brigitte Weber Architects.