Trump Ocean Club's Reasons for Being in Panama

Growth and economic stability, legal security, fiscal incentives, liberal immigration policies, the 2006-2008 real estate boom and the fact that hurricanes avoid it.

Friday, August 6, 2010

Six months after the first completed units were handed over to their new owners, the creation of the project that gave life to Trump Ocean Club and its sail-shaped tower is the subject of an interview by AméricaEconomía.com with the Panamanian developer, Roger Khafif, president of K-Group and Trump's partner in the project.

"We realized that Panama could support a mega-project," remembers Khafif. What began as an idea to build several towers in the massive plot of prime real estate evolved into final design when he decided to approach Donald Trump, helped by a friend they had in common, the web portal describes.

According to Khafif 88% of the project has already been sold.

More on this topic

Further Complications for Trump Tower

December 2011

A real estate company has filed a lawsuit against the developer for breach of contract.

The delicate situation faced by Newland International Properties Corp., developer of the Trump Ocean Club International Hotel & Tower complex, has been further complicated by a lawsuit filed by a customer, which adds to three other lawsuits filed by other five clients.

Trump Tower Inaugurated in Panama

July 2011

The structure of 284 meters, the highest in Latin America, was inaugurated on Wednesday in the presence of Donald Trump and President Ricardo Martinelli.

The Trump Ocean Club building required an investment of $430 million, and has a hotel, residential apartments, a 4,200 square meter convention center of, a spa, marina and a private beach island.

Panama: $ 6 Million for Beach Club

March 2011

The developer of the Trump Ocean Club is building a beach club on Isla Viveros in the archipelago of Las Perlas.

Work on the project developed by Newland International Properties, has already started and completion is expected during the third quarter of 2011.

Prensa.com state in their article, "Roger Khafif, president of Newland, said the club will be used by guests and residents of Trump Tower and to facilitate transportation, a floating dock next to the hotel is being built."

Panama: Trump Ocean Club to Open in 2011

April 2010

The $400 million real estate project “Trump Ocean Club”, is slated to be ready by early 2011.

Roger Khafif, project leader, told AP that they have already completed 66 of the 70 stories of the tower, whose construction began on May 2007.

“It is the most expensive real estate project in Latin America, with over 2.8 million square feet and 70 stories”, told the developers in a press release.

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