eTurboNews talked with Donald Trump Jr. in 2008. Trump told eTN: “We see a lot of money pouring in from Russia.”
Zero investments does not mean Donald Trump has no relationships with powerful Russians. It has become clear that Donald Trump has known and tried to benefit big time in Russian investments and eyed investments in Russia. The Trump International Beach Resort in Sunny Isle, Florida, may be witness to this. Sunny Isle is a dominant wealthy Russian neighborhood on Florida’s coast with the Trump Hotel and Residence in the center of it all.
eTN staff writer Hazel Heyer wrote on September 15, 2008:
Razgovor izvršnog direktora: Donald Trump Jr
The executive vice president of Development and Acquisitions for the Trump Organization, Donald Trump Jr., is the eldest child and son of famed real estate developer Donald Trump and his first wife Ivana Trump. He currently works with his siblings in buying, selling and franchising prime commercial real estate including hotel towers spanning the entire globe, from the US to Dubai.
Trump, Jr. je počeo raditi za Trump Organization na projektima kao što su West Side Yards i Trump Place na Riverside Driveu. Nedavno se fokusirao na preuređenje starog hotela Delmonico i projekat Trump International Hotela i Tower Chicago koji je viđen u televizijskoj emisiji Šegrt.
Na nedavno održanoj konferenciji Cityscape USA o Bridging US i Emerging Real Estate Markets održanoj na Manhattanu, Don Jr. (kako ga od milja zovu) otkrio je ozbiljnu namjeru svoje kompanije da uđe na tržišta u razvoju širom svijeta.
For Trump, Russia is the emerging market worth investing in currently, however in caveat into the high-end sector he counts on his international experience in the market. Trump said: “The emerging world in general attributes such brand premium to real estate that we are looking all over the place, primarily Russia. There are countries that have not been fully tapped by us such as Thailand, Vietnam and Argentina. We are currently looking at potential deals. Our interest is really everywhere because there is a lot of new money in the emerging markets which appeal to certain brands whether ego-driven or having the life-jacket effect that we feel gives added-value to our investment.” According to him, he has been to basically all the emerging markets in the last six months or this summer searching for good deals.
Ako bi izabrao svoju top A-listu za ulaganja u svijet u razvoju, Trump je rekao da će njegova firma izabrati Kinu i Rusiju. “S obzirom na ono što sam u posljednje vrijeme vidio na ruskom tržištu nekretnina u odnosu na neka od tržišta u nastajanju, čini se da zemlja ima mnogo više prirodne snage, posebno u visokom sektoru gdje se ljudi fokusiraju na cijenu po kvadratnom metru ," on je rekao.
„U Rusiji mi je Moskva zaista draža od svih gradova na svijetu. Za razliku od drugih zemalja u svijetu, ova zemlja ima pet velikih gradova u kojima bi ljudi barem bili sretni da žive u metrou.
“U Rusiji, ako je neko zaradio novac bilo gdje u zemlji, željeli biste svoje mjesto u Moskvi.”
However, to a certain degree, some US investors have had concerns over Russia. “Well, that’s happening, too. After spending half a dozen trips to Russia in the last 18 months, several buyers have been attracted to our projects there and everything associated therewith. But it is definitely not an issue of being able to find a deal – but an issue of ‘Will I ever see my money back out of that deal or can I actually trust the person I am doing the deal with?’ As much as we want to take our business over there, Russia is just a different world. Though the legal structure is in place for what we have today, and even 99 percent is covered, that 1 percent not covered could be 100 percent covered over there because it is a question of who knows who, whose brother is paying off who, etc.,” Trump said, adding, “It really is a scary place.”
Despite a current government that projects a ramrod posture, to Trump the current leaders even make the scene more scary. Holding back his grin, he said, “It’s so transparent – everything’s so interconnected that it really does not matter what is supposed to happen as what it is they want to happen is ultimately what happens.” He has had multiple deals but he’s open with his partners despite what it is that keeps him up at night has to do with knowing that he has to face the “issues forever including money coming back…or not.
“A u smislu priliva vrhunskih proizvoda u SAD, Rusi čine prilično nesrazmjeran presjek velikog broja naših sredstava; recimo u Dubaiju, a svakako sa našim projektom u SoHou i bilo gdje u New Yorku. Vidimo da mnogo novca pristiže iz Rusije. Zaista dolazi mnogo novca za novogradnju i preprodaju, što odražava trend u ruskoj ekonomiji i, naravno, slab dolar u odnosu na rublju”, rekao je on.
Trump Jr. također nadgleda Trump International Hotel and Tower SoHo projekat zajedno sa pobjednikom rijalitija The Apprentice Seanom Yazbeckom. Organizacija je prošle godine pokrenula prodaju penthausa u Trump SoHo Hotel Condominiumu u New Yorku na tržištu UAE. Ova nekretnina je jedini luksuzni hotelski stan u modernom kvartu SoHo na Manhattanu.
Aside from the former Soviet state, India is also another place in which Trump thinks investment opportunities are ripe. He said that he likes India as much as China. But he said, “I don’t know if there’s much growth potential as China’s. Yet at the same time, with India gaining some of the benefits of colonial rule for a long time, India’s legal structure is a little simpler for Western investors to get in. It has a different mentality while there is still natural corruption like we see in many emerging markets. India, I think, is a little bit more refined than China and Russia which remain the Wild West.”
From a boutique perspective, Trump Jr. said they would like to expand their hotel brands and spend much time focusing on the management side. “We tend to look at Vietnam and we’re doing a couple of projects in Thailand. We’ve had incredible focus too in the Middle East, launching in Dubai with a force to reckon with,” he said.
The Trump Organization and Nakheel Properties, the developer of more than $30 billion in real estate in Dubai, have signed a deal in October 2005 creating Trump’s International Hotel and Tower. Both companies have invested substantially in the pioneering $US600 million development spread across a portfolio of eight hotels and resorts including the 800-unit condo-hotel of the US mogul. Trump’s tower is the initial development in Nakheel and The Trump Organization’s exclusive joint venture in the Middle East. Further, Trump Organization’s agreement with Nakheel includes exclusive rights for 19 countries in the Middle East region and 17 major brands.
-
Last week this article was mentioned by major US media including CNN, the Washington Post, BNE, and The Today Show.
