TD Trump Deutschland
{{short description|Once proposed building venture in Germany}}
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.{{Cite news|url=https://www.welt.de/print-welt/article450778/Der-Turmbau-zu-Schwaben.html|title=Der Turmbau zu Schwaben: |newspaper=Die Welt|access-date=2016-10-29|date=2001-05-13|last1=Dalan|first1=Marco}}{{Cite news|url=https://global.handelsblatt.com/politics/no-heimat-for-trump-486722|title=Donald Trump's German Flop|date=2016-04-05|newspaper=Handelsblatt Global Edition|language=en-US|access-date=2016-10-29}}{{Cite web | url=http://www.dw.com/en/donald-trumps-castles-in-the-german-sky/a-36472081 |title = Donald Trump's castles in the German sky | DW | 21.11.2016| website=Deutsche Welle }}
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.{{Cite web | url=http://www.dw.com/en/donald-trumps-castles-in-the-german-sky/a-36472081 |title = Donald Trump's castles in the German sky | DW | 21.11.2016| website=Deutsche Welle }}
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.{{Cite news|url=http://www.stuttgarter-zeitung.de/inhalt.serie-ablage-p-4-der-trump-tower-eine-luftnummer-page1.d66363fe-6cfe-40df-a031-d408c66224f8.html|title=Serie: Ablage P (4): Der Trump Tower – eine Luftnummer|newspaper=Stuttgarter Zeitung|language=de-DE|access-date=2016-10-29}}{{Cite news|url=http://www.tagesspiegel.de/berlin/hochhaeuser-in-berlin-ein-trump-tower-fuer-den-alex/177544.html|title=Hochhäuser in Berlin: Ein Trump-Tower für den Alex|access-date=2016-10-29}}{{Cite news|url=http://www.berliner-kurier.de/frankfurt-will-berlin-trump-tower-klauen-16903856|title=Frankfurt will Berlin Trump-Tower klauen|newspaper=Berliner-Kurier.de|language=de-DE|access-date=2016-10-29|archive-date=2016-10-30|archive-url=https://web.archive.org/web/20161030064132/http://www.berliner-kurier.de/frankfurt-will-berlin-trump-tower-klauen-16903856|url-status=dead}}{{Cite news|url=https://www.ahgz.de/regional-und-lokal/trump-tower-wird-in-frankfurt-gebaut,110132545.html|title=Trump Tower wird in Frankfurt gebaut|last=Germany|first=Matthaes Verlag GmbH, Stuttgart|newspaper=AHGZ.de|access-date=2016-10-29}}{{Cite news|url=https://www.faz.net/aktuell/feuilleton/architektur-europas-erster-trump-tower-setzt-auf-sicherheit-138965.html|title=Architektur: Europas erster Trump-Tower setzt auf Sicherheit|last=Koerner|first=Swantje-Britt|date=2001-10-25|newspaper=Frankfurter Allgemeine Zeitung|issn=0174-4909|access-date=2016-10-29}}{{Cite web|url=http://www.immobilien-zeitung.de/137679/zwei-grossprojekte-an-city-prag-geplant|title=Zwei Großprojekte an der City Prag geplant|last=Lange|first=Dagmar|date=2016-08-18|website=immobilien-zeitung.de|publisher=ImmobilienZeitung|access-date=2016-10-29}} Plans by architect Peter Paul Schweger for the project were presented in October 2001.{{Cite web|url=http://asp-architekten.eu/index.php?id=279&tx_ttnews%5BbackPid%5D=276&tx_ttnews%5Btt_news%5D=51&cHash=792bd473361c06af09c29e312262e902|title=Trump Tower: ASP Architekten|website=asp-architekten.eu|access-date=2016-10-29}}{{Cite web | url=https://www.emporis.com/buildings/101967/trump-tower-stuttgart-germany | archive-url=https://web.archive.org/web/20160406093816/http://www.emporis.com/buildings/101967/trump-tower-stuttgart-germany | url-status=usurped | archive-date=April 6, 2016 |title = Trump Tower, Stuttgart | 101967 | Emporis}}
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.{{Cite news|url=http://www.stuttgarter-zeitung.de/inhalt.stuttgart-feuerbach-s-nord-pragsattel-hotel-und-buerokomplex-geplant.b3ef7ca6-fe19-4f6d-83a7-212dcf89d374.html|title=Stuttgart-Feuerbach/S-Nord: Pragsattel: Hotel- und Bürokomplex geplant|last=Germany|first=Stuttgarter Zeitung, Stuttgart|newspaper=stuttgarter-zeitung.de|language=de-DE|access-date=2016-10-29}}{{Cite news|url=http://www.stuttgarter-nachrichten.de/inhalt.stuttgart-feuerbach-s-nord-pragsattel-hotel-und-buerokomplex-geplant.6f045cb6-1075-460e-b1fe-f24a50d7f0fb.html|title=Stuttgart-Feuerbach/S-Nord: Pragsattel: Hotel- und Bürokomplex geplant|last=Germany|first=Stuttgarter Nachrichten, Stuttgart|newspaper=stuttgarter-nachrichten.de|language=de-DE|access-date=2016-10-29}}{{Cite news|url=http://www.kontextwochenzeitung.de/politik/273/trumps-luftnummer-3715.html|title=Trumps Luftnummer|newspaper=Kontext:Wochenzeitung|access-date=2016-10-29}}
The company was dissolved in April 2005.{{Cite news|url=https://www.faz.net/aktuell/finanzen/aktien/nebenwerte-marseille-kliniken-aktie-ringt-um-aufwaertstrend-1232239.html|title=Nebenwerte: Marseille-Kliniken: Aktie ringt um Aufwärtstrend|date=2005-06-08|newspaper=Frankfurter Allgemeine Zeitung|issn=0174-4909|access-date=2016-10-29}}{{Cite news|url=https://www.faz.net/aktuell/rhein-main/donald-trump-und-seine-fulminanten-bauplaene-fuer-frankfurt-14049026.html|title=Mega-Hochhaus in Frankfurt: Donald Trump hat nicht geliefert|last=Badenhop|first=Peter|date=2016-02-04|newspaper=Frankfurter Allgemeine Zeitung|issn=0174-4909|access-date=2016-10-29}}
Staff
- Ulrich Marseille, Trump's co-shareholder and the owner and founder of the Marseille Plastic Surgery Clinics in Hamburg.
- CEO (Vorstand): Hans Ulrich Gruber (former CEO of ThyssenKrupp)
- Supervisory council (Aufsichtsrat): Ulrich Marseille (chair), Donald Trump (vice chair), George H. Ross, Dino S. Bradley, Estella-Maria Marseille, Hans-Hermann Tiedje
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.{{Cite news|url=http://www.shortnews.de/id/508756/stuttgart-vs-trump-gericht-entscheidet-kein-schadenersatz-an-trump|title=Stuttgart vs. Trump: Gericht entscheidet – kein Schadenersatz an Trump|newspaper=ShortNews.de|access-date=2016-10-29|archive-date=2016-10-30|archive-url=https://web.archive.org/web/20161030074039/http://www.shortnews.de/id/508756/stuttgart-vs-trump-gericht-entscheidet-kein-schadenersatz-an-trump|url-status=dead}}
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.{{Cite web|url=http://www.wallstreet-online.de/diskussion/896037-31-40/marseille-kliniken-ag-langfristig-mit-erheblichlichem-potential|title=Marseille-Kliniken AG langfristig mit erheblichlichem Potential.... (Seite 4)|website=wallstreet-online.de|access-date=2016-10-29}}{{Cite web|url=http://www.mk-kliniken.de/presse/pressemitteilungen.html?&pid=50|title=MK-Kliniken AG – Presse – Pressemitteilungen|website=www.mk-kliniken.de|access-date=2016-10-29|url-status=dead|archive-url=https://web.archive.org/web/20161029102554/http://www.mk-kliniken.de/presse/pressemitteilungen.html?&pid=50|archive-date=2016-10-29}}
In June 2005 the German state attorney prosecuted TD Trump Deutschland AG for alleged accounting fraud.{{Cite web|url=http://www.mk-kliniken.de/presse/pressemitteilungen.html?&pid=52|archive-url=https://web.archive.org/web/20161029102738/http://www.mk-kliniken.de/presse/pressemitteilungen.html?&pid=52|url-status=dead|archive-date=2016-10-29|title=MK-Kliniken AG – Presse – Pressemitteilungen|website=www.mk-kliniken.de|access-date=2016-10-29}}
See also
References
{{Reflist|25em}}
{{Trump businesses}}
Category:Real estate companies of Germany
Category:Assets owned by the Trump Organization
Category:Donald Trump litigation
Category:Business services companies established in 2000
Category:German companies disestablished in 2005
Category:Construction and civil engineering companies established in 2000
Category:German companies established in 2000
Category:Construction and civil engineering companies disestablished in 2005