Real estate tycoon Donald J. Trump and Miami, Florida based Crescent Heights said Sunday they completed the purchase of the property earmarked for their planned "Trump Tower Israel" luxury apartment complex in Ramat Gan.

On construction of the tower, bringing the total investment in the project to $300m. The planned building will be 70 floors high and will be comprised of "prestigious" luxury apartments. It will be the tallest tower in Israel once completed.

Crescent Heights spokesman Brian Dochman said Trump was renowned as an international icon who sets new standards of elegance in every city that he develops in. In December plans were announced for Trump to construct a $500m. hotel complex in Netanya.

By M. Sese
http://realestatepress.org