Trump enters Europe through Istanbul real estate deal

US property tycoon Donald Trump is to build an office, residential and shopping complex in Istanbul together with Turkey's prominent Dogan family, the Dogan Group said in a statement, as quoted by Reuters. The complex in Turkey's largest city will consist of an office tower, a second residential tower and a shopping mall. The statement has not given a value for the development. Trump who already has projects in New York, Las Vegas, Chicago, New Orleans, Dubai, Honolulu and Panama City said the Istanbul development would be the Trump Organization's first in Europe. The towers are scheduled to be completed by 2010 and will cover an area of 23,000 square meters (247,600 sq ft) in the upmarket Istanbul district of Sisli.