TD Trump Deutschland AG (German for "TD Trump Germany AG") was a venture by Donald Trump planning to trade and build skyscrapers in Germany. In cooperation with Marseille-Kliniken Hamburg, The Trump Organization agreed in August 2000 to found TD Trump Deutschland AG with a common capital stock of €4 million, split equally as 2 million for each partner company.[1][2][3]

TD Trump Deutschland AG initially planned to build a residential tower in Berlin's central Alexanderplatz area. Trump's German business partner Hans Ulrich Gruber described Trump's aim as "to build a bridge between Berlin and New York." However, his plan for the tallest building in Germany in the capital city was stymied by Berlin's relatively low (150 m) limit for new building height.[4]

The company settled on Pragsattel (Stuttgart) for the construction of what was to be a 55-story (220 m tall) building named Trump Tower, which would have been the highest building in south Germany. The project investment was estimated at 250 million Euro.[5][6][7][8][9][10] Plans by architect Peter Paul Schweger for the project were presented in October 2001.[11][12]

In January 2003, the city of Stuttgart finally refused the permission to build the tower, foreseeing that TD Trump Deutschland AG could not solve its difficulties in securing necessary financing.[13][14][15]

The company was dissolved in April 2005.[16][17]

Staff

Lawsuits

TD Trump Deutschland AG brought a suit against the city of Stuttgart for compensation following the city's decision to rescind permission to build the tower. The company lost that lawsuit in 2004.[18]

On 22 December 2004, Marseille-Kliniken AG filed a lawsuit against the Trump Organization in the regional court of Landgericht Berlin. In the initial formation of the two companies' partnership, payment of the share capital of EUR 2 million by Trump Organization Inc. was pre-financed by Marseille-Kliniken AG. Subsequently, the suit claimed, the Trump Organization did not comply with its contractual obligations of the partnership formation. Marseille-Kliniken AG thus asked for repayment of the EUR 2 million it had pre-financed for Trump. The lawsuit was filed in New York.[19][20]

In June 2005 the German state attorney prosecuted TD Trump Deutschland AG for alleged accounting fraud.[21]

See also

References

  1. ^ Dalan, Marco (2001-05-13). "Der Turmbau zu Schwaben: - WELT". DIE WELT. Retrieved 2016-10-29.
  2. ^ "Donald Trump's German Flop". Handelsblatt Global Edition. 2016-04-05. Retrieved 2016-10-29.
  3. ^ "Donald Trump's castles in the German sky | DW | 21.11.2016". Deutsche Welle.
  4. ^ "Donald Trump's castles in the German sky | DW | 21.11.2016". Deutsche Welle.
  5. ^ "Serie: Ablage P (4): Der Trump Tower - eine Luftnummer". Stuttgarter Zeitung (in German). Retrieved 2016-10-29.
  6. ^ "Hochhäuser in Berlin: Ein Trump-Tower für den Alex". Retrieved 2016-10-29.
  7. ^ "Frankfurt will Berlin Trump-Tower klauen". Berliner-Kurier.de (in German). Archived from the original on 2016-10-30. Retrieved 2016-10-29.
  8. ^ Germany, Matthaes Verlag GmbH, Stuttgart. "Trump Tower wird in Frankfurt gebaut". AHGZ.de. Retrieved 2016-10-29.((cite news)): CS1 maint: multiple names: authors list (link)
  9. ^ Koerner, Swantje-Britt (2001-10-25). "Architektur: Europas erster Trump-Tower setzt auf Sicherheit". Frankfurter Allgemeine Zeitung. ISSN 0174-4909. Retrieved 2016-10-29.
  10. ^ Lange, Dagmar (2016-08-18). "Zwei Großprojekte an der City Prag geplant". immobilien-zeitung.de. ImmobilienZeitung. Retrieved 2016-10-29.
  11. ^ "TRUMP TOWER: ASP Architekten". asp-architekten.eu. Retrieved 2016-10-29.
  12. ^ "Trump Tower, Stuttgart | 101967 | EMPORIS". Archived from the original on April 6, 2016.
  13. ^ Germany, Stuttgarter Zeitung, Stuttgart. "Stuttgart-Feuerbach/S-Nord: Pragsattel: Hotel- und Bürokomplex geplant". stuttgarter-zeitung.de (in German). Retrieved 2016-10-29.((cite news)): CS1 maint: multiple names: authors list (link)
  14. ^ Germany, Stuttgarter Nachrichten, Stuttgart. "Stuttgart-Feuerbach/S-Nord: Pragsattel: Hotel- und Bürokomplex geplant". stuttgarter-nachrichten.de (in German). Retrieved 2016-10-29.((cite news)): CS1 maint: multiple names: authors list (link)
  15. ^ "Trumps Luftnummer". Kontext:Wochenzeitung. Retrieved 2016-10-29.
  16. ^ "Nebenwerte: Marseille-Kliniken: Aktie ringt um Aufwärtstrend". Frankfurter Allgemeine Zeitung. 2005-06-08. ISSN 0174-4909. Retrieved 2016-10-29.
  17. ^ Badenhop, Peter (2016-02-04). "Mega-Hochhaus in Frankfurt: Donald Trump hat nicht geliefert". Frankfurter Allgemeine Zeitung. ISSN 0174-4909. Retrieved 2016-10-29.
  18. ^ "Stuttgart vs. Trump: Gericht entscheidet - kein Schadenersatz an Trump". ShortNews.de. Archived from the original on 2016-10-30. Retrieved 2016-10-29.
  19. ^ "Marseille-Kliniken AG langfristig mit erheblichlichem Potential.... (Seite 4)". wallstreet-online.de. Retrieved 2016-10-29.
  20. ^ "MK-Kliniken AG - Presse - Pressemitteilungen". www.mk-kliniken.de. Archived from the original on 2016-10-29. Retrieved 2016-10-29.
  21. ^ "MK-Kliniken AG - Presse - Pressemitteilungen". www.mk-kliniken.de. Archived from the original on 2016-10-29. Retrieved 2016-10-29.
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