Donald Trump to build the largest complex of commercial buildings of Brazil. $6 billion Public-Private-Partnership investment.
The American billionaire Donald Trump announced on Tuesday the 18th of December 2012, he will invest in building the largest complex of office towers in Brazil, Rio de Janeiro Trump Towers. The total value of the project may reach $ 6 billion. The complex will be erected in front of the port area of Rio de Janeiro.
The project will have five towers of 150 meters high, 38 floors, built-in an area of 32 thousand square meters in the port area of Rio de Janeiro. The construction of the first two buildings will start in the second half of 2013, and all five towers will be completed by 2016.
The design of the Trump Towers Rio de Janeiro will be developed in partnership between MRP International, Even Construtora, a leader in the real estate market in São Paulo and the Trump Organization. The Trump Towers are not owned by Donald Trump. The MRP Group intends to license the use of the Trump name.
Donald Trump became known worldwide for his reality show appearing on NBC’s “The Apprentice.” He has gone bankrupt four times and has managed to retrieve his fortune. The magazine “Forbes” estimates his net worth at US$ 2.9 billion.
Donald Trump owns the Trump Organization, whose main source of income is the luxury hotel chain Trump Hotel Collection, with hotels in the United States, Canada and Panama.
Trump spent a lot of time entering the Latin American market. The announcement of the trump Towers Rio inaugurates this new era of investment. According to Donald Trump Jr., executive vice president of Trump Organizations, who was with the mayor Eduardo Paes in Rio de Janeiro, the group intends to pursue other opportunities in the hotel market. “Brazil is a country that is emerging in the market. We want to bring the Trump brand to the ultra-luxury market. The American business person is eyeing the big events that Rio de Janeiro will host, like the World Cup in 2014 and the Olympics in 2016.
Inspired on the city of Barcelona
The project will be builded in the harbor area.
The Porto Maravilha project, where the Rio Trump Towers will be built, was inspired on a similar project in Barcelona to recover its waterfront. The Porto Maravilha project is the largest PPP (Public-Private-Partnership) in the country, involving funds of about $ 8 billion. The promise of recovery is an urban area of 5 million square meters in the center of Rio de Janeiro.
The goals, according to regional development company CDURP (Companhia de Desenvolvimento Urbano da Região do Porto), is constructing 4 km of tunnels and open an express high-way on the borders of the Guanabara Bay. Furthermore, in 2013 near the port warehouses, a new avenue called Binário will be opened .