Kushner Scraps Trump Tower Belgrade After Officials Indicted [View all]
Source: Bloomberg
December 15, 2025 at 4:42 PM EST
Jared Kushner’s private equity firm, Affinity Partners, dropped its plans for a hotel in Serbia, after tensions around the project culminated in the indictment of a government official who helped clear a path for its development. The decision caps months of controversy over Affinity’s bid to construct a Trump-branded luxury hotel on the remains of a former government building in Belgrade.
Serbia’s minister of culture, Nikola Selakovic, and three others were indicted Monday, according to a statement by the public prosecutor’s office. “Our vision for the Belgrade project was to offer an elegant, uplifting design that honored Serbia’s progress,” an Affinity spokesperson said in a separate statement. “Because meaningful projects should unite rather than divide, and out of respect for the people of Serbia and the City of Belgrade, we are withdrawing our application and stepping aside at this time.”
Kushner, who’s married to President Donald Trump’s daughter Ivanka, is emerging in some of the most high-profile diplomatic negotiations and private business deals of his father-in-law’s second term.
Kushner, who was an adviser to Trump in his first term, said he wouldn’t rejoin his administration if he were reelected. But Kushner, 44, has joined diplomatic envoy Steve Witkoff in peace negotiations over the wars in Gaza and Ukraine as his firm participates in major deals in the private sphere.
Read more: https://www.bloomberg.com/news/articles/2025-12-15/kushner-scraps-trump-tower-belgrade-after-officials-indicted
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