Trump Group signs contract to develop Australia's tallest building

2026-02-23 21:44:41

Abstract generation in progress

Investing.com – The Trump Group has agreed to develop its first skyscraper in Australia, a project valued at AUD 1.5 billion ($1.06 billion), which will become the tallest building in the country once completed.

This 91-story skyscraper will be built in the Gold Coast, a seaside resort destination in Queensland. Local real estate developer Altus Property Group announced the agreement in a statement.

According to Altus, the building will feature a six-star resort hotel, 270 apartments, retail shops, a beach club, and a swimming pool.

The Trump Hotels website confirmed that this marks the brand’s first hotel project in Australia. The website describes the project as a landmark address that will redefine beachfront luxury with world-class amenities, iconic design, and unbeatable ocean views of the Gold Coast.

Altus CEO David Yang said he has been working on this development for nearly 20 years. Yang proactively contacted Ivanka Trump in 2007 to pitch the idea of transforming the Trump Resort into Australia’s premier tourism property.

The final agreement was signed on February 14 at the LaHua Estate Resort with the Trump Group. Yang stated that the company is currently working on design, engineering, construction, and interior decoration.

The building will be located in Surfers Paradise on the Gold Coast.

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