RARE VACANCY OPENS AT TOP OF DOWNTOWN TORONTO TOWER

Bank of Nova Scotia is vacating the top floors of one of Canada’s tallest skyscrapers in downtown Toronto, continuing a revamp of its office footprint in the city. Scotiabank will leave the top floors of 40 King Street West, part of the Scotia Plaza complex, making them available for lease in 2023, building owners Kingsett Capital and Alberta Investment Management Corp. said Monday. This is the first time the space will be open since the 68-floor building opened in the 1980s, the owners said. The bank is renewing 560,000 square feet of space in the complex, bringing its total commitment at the site to 1.1 million square feet. Scotiabank has signed to be an anchor tenant in the north tower of brookfield Asset Management Inc.’s bay Adelaide Centre office complex, one block north of Scotia Plaza.