THE Trump brand of hotels and residential developments will soon make its mark in Southern Africa with various projects planned in South Africa and Mauritius.
South African property developer and owner of Devland Holdings, Neill Bernstein, has secured a ten-year property development deal with United States business magnate Donald Trump, which is expected to deliver hundreds of new leisure and residential products in South Africa over the next few months.
The joint venture covers a mix of leisure, golf, hotel and residential condominium and condo-hotel developments in South Africa and Mauritius. It is expected to create 300 000 sqm of saleable real estate worth around R5bn in the first three years.
Bernstein says the partnership with the Trump Organisation, which was sealed some weeks ago, already has several projects in the pipeline.
Donald John Trump Jnr, the eldest son of Trump, recently toured various projects in Gauteng and in the Southern and Western Cape to assess potential investments.
The Trump Organisation is a diversified empire with interests covering hotels, resorts, residential towers, and golf courses in major US markets as well as South America and the Middle East. Bernstein states: “It makes sense for them to look at projects in Africa too. The organisation has a great formula for success, enormous experience and an appetite for quality developments across the leisure, golf and residential spread. There is opportunity for all these in our market.”
Picture: Neill Bernstein and Donald Trump
