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The property at 3 Trickett Street has remained an empty parcel of land since 2013.
This sought-after real estate is positioned along the Esplanade, the bustling thoroughfare adjacent to the beach.
The location has been awaiting development since the demolition of the Iluka Resort.
Globally, they have been actively broadening their range of investments.
They are planning new ventures in countries including Saudi Arabia, Oman, Dubai, India, Vietnam, Romania, Qatar, and Indonesia.
They have upcoming projects in Saudi Arabia, Oman, Dubai, India, Vietnam, Romania, Qatar and Indonesia.
It currently has multiple properties in the US as well as Dubai, Indonesia, India, Oman, the Philippines, Qatar, Romania, Saudi Arabia, South Korea, Turkey, Uruguay and Vietnam.
But most of their projects are not owned by the organisation but are simply branding deals – that is, developers pay the Trumps to put their name on the building.
The details of the prospective deal have not been made public.
No development application has been made to Gold Coast Council.
In 2016, a proposal was made to build the third-tallest building in Australia on the site.
The building would have had 479 luxury apartments, a rooftop pool and a series of restaurants.
Now all that remains is the basement construction work.
The property was sold for a loss in 2019.
“If I do something in Australia, I’d want to have a partner in Australia,” he told the Australian Financial Review.
But his wealth has exploded since then, especially in his past year as president.