US-based realty major Trump Organisation on Friday announced a tie-up with India’s real estate private equity firm IREO to develop an office tower in Gurgaon that would cost around Rs1,000 crore. This is the third project in India by Trump Organisation, founded by republican presidential front-runner Donald Trump, but the first commercial project in the country.
It has two residential project in Pune and Mumbai. IREO will develop a office tower, comprising 6-7 lakh of leasable area, in its 500 acre township project in Gurgaon. The tie up with Trump Organisation is for branding and design of the iconic tower, which will be among the tallest commercial tower in the city. Trump Organisation announced on Friday that it has tied up with IREO to bring to market an iconic office tower in the heart of Gurgaon.
“We have enjoyed tremendous success in India with our existing properties in Mumbai and Pune, and we are thrilled to add yet another incredible development to our portfolio. IREO is truly a fantastic group and we are looking forward to push the boundaries together to create what will soon be one of the most exciting and sought after commercial towers in India and beyond,” said Donald Trump Jr, Executive VP.