- Plans for a A$1.5bn (£802m) Trump Tower on Australia’s Gold Coast have been cancelled just three months after their announcement.
- The developer, Altus Property Group, attributed the project's collapse to the "toxic" Trump brand and the Iran war, making it difficult to work with in Australia.
- The Trump Organisation disputed this, stating the developer failed to meet fundamental financial obligations required for the agreement.
- Gold Coast mayor Tom Tate suggested the cancellation stemmed from disagreements over profit margins rather than political issues.
- The proposed 91-storey luxury hotel and residential tower, which would have been Australia's tallest building, had divided local opinion since its inception.
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