Published by Global Banking & Finance Review®
Posted on February 23, 2026
2 min readLast updated: April 2, 2026
Add as preferred source on GoogleThe Trump Organization and Altus signed a A$1.5b deal for a 91‑storey Trump Tower on the Gold Coast. Planned to be Australia’s tallest, it will feature a six‑star hotel and 270 apartments; the agreement was finalized on Feb 14 at Mar‑a‑Lago.
SYDNEY, Feb 23 (Reuters) - The Trump Organization has signed a deal to build its first tower in Australia, in a project worth A$1.5 billion ($1.06 billion) that developers say will become the country’s tallest building.
The 91-storey skyscraper is planned for the Gold Coast, a popular seaside destination in Australia’s Queensland state.
It will include a "six-star resort-hotel", 270 apartments, shops, a beach club and a swimming pool, local property developer Altus Property Group said in a statement.
"Australia’s tallest building will be a Trump Tower, right in the middle of Surfers Paradise – it’s great for Queensland tourism, and fantastic for Australia," the company said.
"It won’t have a Four Seasons or Ritz Carlton brand above the front door, but it will say ‘Trump’. And that means it is a no-expense-spared, highest-possible-quality building – the best in the world."
The Trump Hotels website said the project marked the first time the brand was being used for a hotel in Australia.
"Set to become Australia’s tallest tower, this landmark address redefines beachfront sophistication with world-class amenities, iconic design, and uninterrupted Gold Coast views," it said.
Altus CEO David Young said he had been pursuing the development for nearly 20 years, cold-calling Ivanka Trump in 2007 to pitch a Trump resort as "Australia’s finest tourism property".
Young said the final agreement was signed with the Trump Organization at the Mar-a-Lago resort on February 14. The company was now "deeply into a process of design, engineering, construction and fit-out".
He said the building would be Australian-owned and Australian-built in line with the Trump company’s design requirements.
Prices for the tower's apartments were likely to start at A$5 million, he said.
($1 = 1.4130 Australian dollars)
(Reporting by Christine Chen in Sydney; Ediitng by Kate Mayberry)
The Trump Organization and Altus Property Group have signed a deal to develop a 91‑storey Trump Tower on the Gold Coast. The A$1.5b project is planned to be Australia’s tallest building.
It is planned for 3 Trickett Street in Surfers Paradise, Gold Coast. The tower will feature a six‑star resort-hotel, about 270 luxury apartments, retail, restaurants, and a beach club.
The agreement was signed on Feb 14, 2026 at Mar‑a‑Lago. Developers say design and engineering are underway, but a formal development application is still pending with local authorities.
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