Moscow real estate interests American billionaires

Actuality October, 01, 2007.

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The successful billionaire Donald Tramp, who has made his fortune on the real estate market, took an interest in Russian projects.

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According to Rospatent (Department of patents of Russia), in August he became the legal owner of Trump mark in Russia in the classes connected with projection, building and property management.
Besides this brand Tramp also registers brand Trump International Hotel and Tower and also Trump Tower, reported Alexander Isaev, the paten agent of limited company “Sojuspatent” (“Patient union”). The term of validity of the latter one is already prolonged till 2016.

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It is not the first time the billionaire has turned his eyes on fertile Russian property market: ten years ago there were negotiations on reconstruction of metropolitan hostels “Russia” and “Moscow”. Elena Aleksandrova, the director of marketing of company Midland Development, supposes, what aspects could interest Tramp in the capital, «An increasing role in Moscow development plays original architecture and recognizable brands.» Elena Aleksandrova has first-hand knowledge of what kinds of architecture Tramp invests in. At the moment Midland Development builds Trump International Hotel and Tower in Toronto.

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Experts estimate the cost of this project at $500 millions.
Donald Tramp became the millionaire in student's years. In Cincinnati he bought the small housing complex at the cost of $6 million. After thorough reconstruction the price was doubled. Having sold this complex, Tramp got a great profit.

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The businessman says that his fortune is $6 billion at the moment. Analytics of Forbes journal estimate Tramp’s fortune at $2,9 billion.
One of the most famous projects of the billionaire is Trump Tower on Manhattan. In the high-rise building there are not only apartments, but also trading and office spaces.

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The tower of 68 floors was built in 1983.

Trump Organization, which belongs to the billionaire, builds the elite real estate not only in the USA.

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Mexico, Panama, South Korea, Dominican Republic, the United Arab Emirates were not disregarded.

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It includes multifunction centers, hostels, golf clubs, casinos, restaurants.

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In the USA two more Trump Towers were built in Tampa and New York. Seven five-star hotels belong to Trump International Hotel and Tower work brand.

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The next similar hotels will appear in Dubai and Atlanta.

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According to experts, the gain of Trump Organization for 2006 made $10,4 billion.
Donald Tramp is one of the most known businessmen in the world.

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To attract attention of simple inhabitants, he is engaged

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in show business.

Despite the interest which appeared

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in Russia in the person of the billionaire and his projects, the representative of Tramp Bernard Diamond denies the information about the fast coming in metropolitan real estate market of Trump Organization. According to h is words, the reg istration of marks is made in case if such decision is accepted.

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