In the 1970s,
Gammon Construction redeveloped the
Victoria Barracks. At the same year,
Hongkong Land acquired
Gammon Construction. It was completed in 1975. In the 1980s,
HSBC set up a vault on the ground floor of the building before the
HSBC Building was completed. In the same year, it was renamed as Carrian House after a HKD$998 million purchase by the
Carrian Group. Within two years, the property price plummeted due to
political uncertainty, and the purchase was seen as a "fraud," with
Carrian Group being liquidated by the court. The case was resolved in the
Supreme Court in 1997. It was sold in layers, and purchased and renamed by
Bank of America. In the early 2000s, Bank of America's Hong Kong office moved its operations to
Hong Kong International Finance Centre Tower 2 and retaining only the naming rights and external advertising rights of Bank of America. == See also ==