Scotia Plaza vs Keangnam Hanoi Landmark Tower

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Scotia Plaza is a commercial office complex in the city of Toronto, Ontario, Canada. It is in the financial district of the downtown core bordered by Yonge Street on the east, King Street West on the south, Bay Street on the west, and Adelaide Street West on the northwest. At 275 m (902 ft), Scotia Plaza is Canada's third tallest skyscraper and the 22nd tallest building in North America. It is on the PATH network, also contains 190,000 m2 (2,045,143 sq feet ) of office space on 68 flooring and 40 retail stores. Olympia and York developed the complex as an expansion of the adjoining headquarters of Scotiabank and the bank continues to occupy approximately 24 floors of the structure. Olympia and York owned the complex from its completion until the business was liquidated due to overwhelming debt in 1993.

Scotiabank led a consortium of banks to buy the mortgage for Scotia Plaza and within the next five years, it bought additional shares from its partners before it was the property's majority owner.On January 19, 2012, Scotiabank announced it would sell the iconic building and on May 22, announced a final agreement with Dundee Real Estate Investment Trust (now Dream Office REIT) and H&R Real Estate Investment Trust for $1.27 billion, making it the last of Canada's leading banks to divest ownership of its Toronto headquarters land. In 2016, H&R and Dream sold 50% of the construction to KingSett Capital and AIMCo; in 2017, Dream sold its remaining 50% stake in 2017 to the same two companies.

Source: Wikipedia

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AON Hanoi Landmark Tower (or AON Landmark 72) is a mixed-use supertall skyscraper at Pham Hung road, Nam T? Liêm district, Hanoi, Vietnam.

The complex contains a single 72-story mixed-use tower with the height of 350 m and two 48-storey resort twin towers. Landmark 72 is located on an area of 46,054 m2 and the whole floor area is 609,673 m2, ranked 5th as the largest floor area of one building in the world. The investor, and executor and operator, of the complex is that the South Korea-based company Keangnam Enterprises, Ltd.. The investment capital is estimated at US$1.05 billion.On November 2010, the main tower reached approximately 300 metres, making it the tallest building and construction in Vietnam. On 24 January 2011, the main tower topped out at 350 metres; it became the tallest building in Vietnam while the other two towers had topped out months before using the height of 212 metres. The complex includes a 5-star InterContinental hotel, offices, amusement areas, retail spaces, clinics and convention centres. The complex opened on 18 May 2012. Landmark 72 is the world's 35th-highest construction and previously was the greatest on Indochina Peninsula. Keangnam Enterprises indirectly owned a 70-per cent stake in Landmark 72. The company spent over US$ 1 billion with US$ 510 million borrowed from banks.On 11 June 2008, an agreement was signed between the building owner and the InterContinental Hotels Group to run the 359-room resort under InterContinental Hanoi Landmark 72 with 9 hotel floors from 62nd floor to 70th floor (Hotel Club Lounge located on the 71st Floor). Landmark 72 is the website of Vietnam's highest stair climbing race, the Vietnam Landmark 72 Hanoi Vertical Run. On 30 September 2012, runners competed for the first time to be the fastest to ascend the tower's 1,914 steps. Reported in ancient 2016 was that a Vietnamese court valued the complex at US$ 770 million in May 2015 and AON Holdings from South Korea would assume the bank loan by paying US$ 373.4 million to become the majority owner.In early 2017, it emerged that a bribery scheme associated with a proposed sale of Landmark 72 building complex in 2014 caused the arrest and charge of former UN Secretary-General Ban Ki-moon's nephew and charge of Ban's brother, Ban Ki-sang, an executive of South Korean company Keangnam Enterprises Co Ltd.. In 2013, Keangnam was facing a liquidity crisis and intended to refinance or sale of the complex. When the'deal' eventually fell through, Keangnam entered into court receivership in South Korea. Additionally, Malcolm Albert Harris, a self proclaimed New York City fashion designer who pled guilty to stealing US$500,000 as part of a phony negotiation to sell Landmark 72 to a Qatari royal.

Source: Wikipedia