MEDIA RELEASE: TRUMP SUBMITS £150 MILLION INVESTMENT PLANS - The Trump Estate

MEDIA RELEASE: TRUMP SUBMITS £150 MILLION INVESTMENT PLANS

Jul 19, 2018

July 24, 2018, Aberdeen, Scotland: Today The Trump Organisation reveals its intention to invest another £150m in the expansion of its award-winning property to the north of Aberdeen.  Representing the second phase of development on the 1,500 acre estate, Trump plans to build 500 residential homes, 50 hotel cottages, sports centre, retail, equestrian and commercial spaces, alongside other resort related leisure facilities.

This next tranche of investment forms part of the £750 million multi-phased development at the Aberdeen site and builds on the £100m invested during phase one which includes the world-renowned championship golf course, extensive driving range and practice facilities, permanent clubhouse and historic country house hotel, MacLeod House & Lodge.  Future phases will be brought forward on a similar mixed-use basis.

The plans which have already been granted outline approval, were submitted to Aberdeenshire Council today.  Speaking from Trump headquarters in New York, Eric Trump, who now leads The Trump Organisation with his brother, Don Jr said:  We own a truly phenomenal property along the coast of North East Scotland and remain fully committed to our long-term vision for the site.  The timing is now right for us to release the next phase of investment and the significant economic benefits this brings.  Initial interest to our plans have been incredible and, subject to detailed planning approval, we are aiming to break ground next year.

Branded The Trump Estate, this new residential community will provide a range of two, three, four and five bedroom cottages, townhouses and mansions ranging from £295,000 to several million.  Drawing precedent from the region’s rich architectural heritage, the intention is to create luxury, spacious homes within a mature landscaped setting.

For decades, Trump has been raising the bar for excellence in real estate. Today that unrivalled standard will be blended with over 1,500 acres of beautiful Scottish meadows, lakes, breath-taking beaches and rolling sand dunes to create the ultimate in countryside living.  Homeowners will benefit from a number of unique estate benefits and privileges including membership, loyalty card, estate factoring and property rental management, creating an exceptional place to live, rest and play.

Sarah Malone, Executive Vice President of Trump International in Aberdeen stated: We are delighted to unveil the plans we have been working on for the past few years.  This is the second phase of our multi-phase development project which combines all three components of our original masterplan vision including five-star golf and leisure facilities, luxury hotel and resort accommodation and residential village.   After extensive market research we are bringing forward a suite of luxury homes and five-star hotel cottages which we believe meet the needs and demands of consumers today.  From the outset, our vision was to create a world-class leisure destination and sustainable community defined by quality and authenticity.  This next phase builds on the international reputation of our championship golf course, ranked within the top 50 golf courses in the world, and harnesses the natural beauty of this mature site providing an exceptional place to live, rest and play.  Improvements to the region’s infrastructure and recovery signs in the economy makes this the right time to drive forward this next major phase of development.

Richard Marsh, leading economist at 4-Consulting, commissioned to undertake a review of this next phase confirms that the building phase will support nearly 2,000 jobs across Aberdeen and Aberdeenshire, and over the longer term, nearly 300 permanent jobs will be created.  With GVA in excess of £250m, Marsh said: This is a major investment which has the potential to support thousands of jobs and help to broaden and diversify the region’s economy. The second phase of development at the Trump Estate will build on an already world-class tourism asset and play a vital role in bringing more visitors to Aberdeenshire.

His economic appraisal emphasises that Trump International Golf Links has created a “halo effect” providing a fillip to the promotion, marketing and image of the region and notes that phase two of the plans supports the Regional Economic Strategy, VisitAberdeenshire plans, Opportunity North East (ONE) strategy and Energetica (Scotland’s Energy Corridor) in aiming to make the most of the stunning coastal setting, improve infrastructure, diversify the regional economy and target growth in the tourism industry.

Aberdein Considine, one of Scotland’s largest legal firms and the country’s biggest solicitor estate agent is working with the Trump development team on the launch of their new estate homes.  Alan Cumming, National Estate Agency Director at Aberdein Considine stated: The Trump Estate development is unique in terms of both the breathtakingly beautiful location and style of properties being proposed – there is nothing like this anywhere in Scotland. We are anticipating a high-level of interest not only from buyers in the local area, but also from the rest of the UK and overseas due to the draw of owning a permanent residence next to one the best links golf courses in the world.

Colin Clark, Member of Parliament for Gordon, said: This level of investment is very good news for the local economy and demonstrates what a great region Aberdeenshire is for international investors.