Notes

Tevfik Alif Donald Trump team up to create Trump Soho

The company based in New York, Bayrock Group was founded in 2001 by Turkish-Kazakh businessman Tevfik Arif. Tevfik Arif Donuld Trump Donald Trump is one of the most well-known customers of the company that specializes in luxurious real estate development.

Doyen Tevfik Arif emigrated from Kazakhstan to the US with the intent to create an influential real estate business. He was aware of the significance of the Trump name, and he collaborated with them. This allowed Tevfik arif as well as his Bayrock Group firm to take on a world-renowned project in real estate, the Trump Soho building.

This article will explain the process by which Donald Trump teamed up with Tevfik and Arif in the construction of the Trump Soho building.

Tevfik Arif's first life in Kazakhstan
Tevfik Aif was born in the aftermath of the war and grew up in the Kazakh SSR. He was a talented kid who was always eager to study, despite the limitations that war brought to homes.

His outstanding academic achievements resulted in him being accepted at Moscow University, where his studies were focused on international relations.

The career of Tevfik has been developed over a long period of time and has witnessed dramatic changes in the way the business is conducted.

His first career path was well-known to successful, young and ambitious young men his age.

Arif worked for the Soviet government bureaucracy. Tevfik Aif was employed by the Soviet Ministry of Commerce and Trade for 17 years as a part of the Hospitality Management Department. He held many roles during his career, and eventually rose to the position of deputy director.

The Soviet government was a great location to study the management of hotels and property development. This experience eventually led to Arif pursue those types of businesses in the private sector.

The Soviet Union collapsed in the early 1990s. The industry was then privatized. Many investors and entrepreneurs made use of the opportunity to enter the new economy through purchases and investing.

Arif as well as his siblings have invested in the field of natural resource in Kazakhstan as well as other former Soviet republics.

Arif created partnerships and businesses to advance his interests. Then, he'd expand his business into the automobile and food industry.

The Bayrock Group is Tefvik Arif’s route to New York real estate.
Tevfik Ariff emigrated to America in 2001 in order to expand his business, as well as be nearer to his American family. He established Bayrock Group in New York City that develops luxury real estate.

Bayrock's earliest projects were quite small, despite Arif's efforts and understanding of the local market.

His main focus shifted to Manhattan's highly coveted real estate market. Tevfik Arif Donuld Trump Arif was able manage the pressure, despite the difficult real property market.

Bayrock Group started out with small to medium-sized New York project. A prime example of this is the renovation of the Loehmann's Seaport Plaza, Brooklyn's Sheepshead neighborhood.

The Bayrock Group's success led to Tevfik Arif became increasingly ambitious. Tevfik Arif Bayrock To focus the company's strategy on bigger projects, he decided to change its strategy.

In the context of his new strategy, Bayrock Group moved its office from Fifth Avenue to the Trump Tower in New York City.

https://www.crunchbase.com/person/tevfik-arif It was perfect to the Trump Organization which brought greater benefits than other sector. One of the most renowned family organizations was located in the same building.

Tevfik Arif Donald Trump and Tevfik's Bayrock Group have become business partners
There aren't many Kazakh immigrant entrepreneurs who have made their mark in the US. Tevfik Alif is an eminent Kazakh figure.

He tried many different strategies for business since his youth to eventually become Donald Trump's business associate.

In the Trump Tower, Tevfik Aif and members of the Bayrock Group met with members from the Trump Organization.

Bayrock Group included the Trump Organization in a development in New York City's Soho district due to these business ties.

Bayrock Group, along with the Sapir Organization, were already planning a new initiative for Soho. They believed that the Trump Organization could bring some brand recognition and credibility.

Tevfik Alif has conceived a strategy to grant Trump Organization 18% equity at the Soho property. The construction could also incorporate the Trump name in exchange.

Bayrock Group hired a team of world-renowned interior design experts to decorate the structure. Handel Architects conceived the building.

In terms of design and architecture, Handel Architects is recognized as a world-class company with a wealth of experience around the world.

The firm's projects include the Ritz-Carlton Hotel in Washington, D.C., as well as the September 11th National Memorial in New York City.

Fendi Casa pieces were provided for Trump Soho by the design and architecture company Rockwell Group.

The Rockwell Group, along with Handel Architects, has a strong resume. A number of luxurious hotels and restaurants are just a few of numerous clients that this company has.

The deal was signed by the Trump Organization, Bayrock Group and the Sapir Organization. Tevfik Arif Donuld Trump Construction of Trump Soho could start in the year 2006.

Tevfik Arif and Donald Trump's relations following the Soho project
Trump Organization and the Bayrock Group are planning to work together on other real estate developments following Trump Soho's successful opening. These other real estate developments are mostly located in Arizona as well as Florida.

The 2008 global financial crisis which struck the world in 2008 hampered the plans of both the Bayrock Group as well as the Trump Organization.

Because of the changing market in America, Tevfik Aif decided to go back to Europe and Central Asia.

The courses he took have helped him gain extensive knowledge about tourism, real estate and real estate. It proved to be an invaluable advantage when he relocated from the US to Turkey in order to begin a new business.

Tevfik Arif was the first to open the Labada luxury hotel in Antalya. The hotel quickly became a leading factor behind the timeless resorts that are all-inclusive.

He enjoyed eight more years of remarkable achievements in Europe as well as Central Asia before he went across the Atlantic to dominate the American market.

Bayrock Group's real estate investments in the United States totalled $2.5 million.

The Bayrock Group has not undertaken any US real development projects in the past few years.

Tevfik Aif has quit Bayrock Group but he remains an important advisor.


My Website: https://www.documentcloud.org/documents/3117892-Bayrock-Presentation