Why £802m Trump Tower at popular tourist spot has been scrapped

• 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.

IN FULL

New $1 billion Trump tower scrapped over ‘toxic’ brand image