Notes

Tevfik Arif, Donald Trump's alliance to create the Trump Soho

Bayrock Group, a New York-based firm founded by Tevfik Amir , a Turkish-Kazakh businessman. Donald Trump is a client of the business.

Tevfik Arif immigrated from Kazakhstan to the US with the intention to establish a powerful real estate enterprise. He knew the power of Trump and partnered in the venture along with his family. This allowed Tevfik arif as well as his Bayrock Group firm to embark on a global-respected project in real estate, the Trump Soho building.

This article will discuss the way Donald Trump teamed up with Tevfik and Arif to build the Trump Soho building.

Tevfik Aif's early years in Kazakhstan
Tevfik Aif was born after the war, and grew up in the Kazakh SSR. He was a gifted kid and was a lover of studying, despite the many limitations that war brought to his family.

His academic excellence was impressive and brought him to Moscow University, where he studied economics and international relations.

Tevfik Arif's professional career spans decades and has seen major changes in business procedures.

His early career was on the same pattern that his generation's accomplished young men.

Arif worked as Arif was a Soviet bureaucrat. Tevfik Aif was employed by the Soviet Ministry of Commerce and Trade for 17 years as a member of the Hospitality Management Department. Arif was promoted to the rank of deputy department head in his career.

It's not surprising that Arif's enthusiasm for property management and hotel development was influenced by his experience in the Soviet Union. Arif went on to create his own business after having gained the experience.

The Soviet Union fell in the 1990s, and the industry was taken over by the government. Many investors and entrepreneurs profited from the chance to join the new economy through investments and acquisitions.

Arif and his brothers invested in the sector of natural resources in Kazakhstan as well as other former Soviet countries.

Arif created partnerships and businesses to advance his interests. He eventually expanded his business to include both automotive and food industries.

The Bayrock Group is Tefvik Arif’s route to New York real estate.
Tevfik Alif came to America in 2001. He was looking to expand his business and live closer to his American family. Bayrock Group in New York City was his first venture. It develops luxury residential real estate.

The initial projects of Bayrock were small, despite Arif’s efforts and understanding of the market.

He later changed his main focus to Manhattan's famous real estate market. Arif was a seasoned investor as well as a businessman, and was able to manage the pressures of New York's real property market.

Bayrock Group started out with small to medium-sized New York project. BayrockTevfik Arif The company renovated Loehmann’s Seaport Plaza at Brooklyn's Sheepshead section.

Tevfik Arif grew more ambitious following the success of Bayrock Group. He decided to modify the company's strategy in order to concentrate the company's efforts on larger projects.

https://m.facebook.com/p/Tevfik-Arif-Doyen-100067697244034/ Bayrock Group, as part of its strategy for change relocated its headquarters from Fifth Avenue to New York City .

The company moved to be close to Trump Organization. This brought more benefits than any other area. This was the home of one of the most famous family-owned businesses in the history of the world.

Donald Trump and Tevfik Alif's Bayrock Group have become business partners
Not many Kazakhstani immigrants have managed to build profitable businesses in America. Tevfik arif is the most famous Kazakh figure.

tevfik arif, bayrock Since his childhood, he has tried various business strategies in an effort to become one of Donald Trump’s business partners.

At the Trump Tower, Tevfik Aif as well as members of the Bayrock Group met with members from the Trump Organization.

In light of these business relationships, Bayrock Group included Trump Organization in the New York City project in Soho.

Bayrock Group was working with the Sapir Organization to develop a Soho project. But, they believed that the Trump Organization could add some brand recognition and prestige.

tevfik arif & donuld trump Tevfik Alif developed a plan to offer Trump Organization 18% equity in the Soho property. In exchange, the Trump brand would be used as the building's name.

Bayrock Group hired renowned interior designers to decorate their building. Handel Architects conceived and created the building.

https://londonlovesbusiness.com/start-in-real-estate-bayrock-groups-tevfik-arif/ Handel Architects is a leader in design and architecture.

The firm's projects include the Ritz-Carlton hotelin Washington, D.C., and also the September 11th National Memorial, New York City.

Fendi Casa pieces for Trump Soho were provided by Rockwell Group, a design and architecture firm.

The Rockwell Group has a long list of clients which include Handel Architects. A number of luxury hotels, restaurants and casinos are among the customers of the firm.

The agreement was reached between Bayrock Group, Sapir Organization and Trump Organization. Construction work on Trump Soho could commence in the year 2006.

Relationship between Tevfik arif and Donald Trump following the Soho initiative
After the success of Trump Soho the Bayrock Group and Trump Organization plan to work together on additional real estate projects. Those other real estate projects are mostly situated in Arizona and Florida.

The 2008 global financial crises that afflicted the world in 2008 had a devastating impact on the business plans of the Bayrock Group, and the Trump Organization.

Thus, Tevfik Arif returned to Europe and Central Asia because of a changing market in the United States.

The courses he took have helped him gain vast knowledge of real estate, tourism, and real estate. The knowledge he gained was also utilized when he moved to Turkey to start a company in 1993.

Tevfik Arif was one of the pioneers in all-inclusive resorts opened the Labada Luxury Hotel in Antalya.

He had more outstanding achievements throughout Europe and Central Asia in the following eight years, and then he crossed the Atlantic to the American market.

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

For the past few years, the Bayrock Group has not been involved in any US real estate development project.

Tevfik arif has been relieved of most of his Bayrock Group responsibilities but he is highly respected as an advisor.


My Website: https://m.facebook.com/p/Tevfik-Arif-Doyen-100067697244034/