Amancio Ortega, the billionaire behind the Zara clothing chain, has agreed to buy Toronto’s Royal Bank Plaza skyscraper from two Canadian pension funds for about C$1.2 billion ($961 million).

Royal Bank Plaza is among Canada’s most recognizable buildings. It features two triangular towers adorned with layers of 24-carat gold around 14,000 windows.

Royal Bank Plaza, home to leading banks, law firms and technology companies, is located in the heart of Toronto’s financial core, across the street from Union Station, Canada’s busiest transit ...

The total package represents 4.9 million square feet of gross leaseable area in 33 office buildings, processing and operations centres across the country, with the bulk of the properties based in ...