TD Trump Deutschland
| Company type | Joint venture |
|---|---|
| Industry | Real estate, Construction |
| Founded | 2000 |
| Founder | Donald Trump, Marseille-Kliniken Hamburg |
| Defunct | 2005 |
| Headquarters | Germany |
Key people | Hans Ulrich Gruber (CEO), Ulrich Marseille (Chairman), Donald Trump (Vice Chairman), George H. Ross, Dino S. Bradley, Estella-Maria Marseille, Hans-Hermann Tiedje |
| Products | Skyscraper development projects |
TD Trump Deutschland AG represented a joint venture initiated by Donald Trump with the objective of constructing skyscrapers within Germany. In August 2000, The Trump Organization allied with Marseille-Kliniken Hamburg to form TD Trump Deutschland AG, establishing a shared capital of €4 million equally divided between the two entities.
The original concept involved erecting a residential tower at Berlin's Alexanderplatz, aspiring to become Germany's tallest structure. Nevertheless, Berlin’s height restriction of 150 meters obstructed this ambition.
Subsequently, the focus moved to Pragsattel in Stuttgart, where plans were made for a 55-story Trump Tower reaching 220 meters, which would have been the tallest building in southern Germany, entailing an investment estimated at €250 million. Architect Peter Paul Schweger unveiled the architectural plans in October 2001.
In January 2003, Stuttgart authorities rejected the construction permit, citing unresolved financial concerns associated with TD Trump Deutschland AG. The company was officially liquidated in April 2005.
Staff
- Ulrich Marseille, co-investor alongside Trump and founder of Marseille Plastic Surgery Clinics in Hamburg.
- CEO (Vorstand): Hans Ulrich Gruber, formerly CEO of ThyssenKrupp
- Supervisory board (Aufsichtsrat): Ulrich Marseille (chairman), Donald Trump (vice chairman), George H. Ross, Dino S. Bradley, Estella-Maria Marseille, Hans-Hermann Tiedje
Lawsuits
Following the withdrawal of building approval by Stuttgart, TD Trump Deutschland AG initiated legal action seeking damages but was unsuccessful in 2004.
On 22 December 2004, Marseille-Kliniken AG brought a lawsuit against the Trump Organization at the regional court of Landgericht Berlin. The claim arose from Marseille-Kliniken AG having advanced €2 million in share capital on behalf of Trump Organization Inc. during their partnership establishment, alleging breach of contractual commitments and demanding reimbursement. A similar suit was filed in New York jurisdiction.
In June 2005, TD Trump Deutschland AG faced prosecution by German state prosecutors over accusations of accounting fraud.
See also
References
- Real estate companies of Germany
- Assets owned by the Trump Organization
- Construction and civil engineering companies of Germany
- Donald Trump litigation
- Lawsuits
- Business services companies established in 2000
- German companies disestablished in 2005
- Construction and civil engineering companies established in 2000
- German companies established in 2000
- Construction and civil engineering companies disestablished in 2005
- Businesses of Donald Trump that went bankrupt