Topping out of Tower 2

Tower II Brookfield Place Perth

Brookfield Property Partners L. P. ("Brookfield") has today celebrated the topping out of Brookfield Place Tower 2, the second commercial tower at the Brookfield Place precinct in Perth's central business district, with a ceremony attended by dignitaries including the City's Lord Mayor, Lisa Scaffidi.

Brookfield Place Tower 2 is a premium-grade 16-level office tower with 34,000 sqm (366,000 square feet) of net lettable area scheduled for completion at the end of 2015. The building has attracted blue chip tenants including Deloitte and Corrs Chambers Westgarth.

President and Chief Operating Officer – Australian Office Division, Brookfield Property Partners, Kurt Wilkinson said: "This is an important day for what will be Perth's newest premium-grade office building. Brookfield Place has established itself as Perth's premier commercial address and the second building in the precinct will reinforce that position. The construction program is on schedule and we look forward to welcoming tenants into the building at the end of next year."

The Brookfield Place Tower 2 project incorporates a sheltered upper-level walkway across Mounts Bay Road to provide greater connectivity between the Perth Bus Port, Esplanade Train Station and Perth's city centre.

"Brookfield Place Perth was always envisaged as a true precinct in the heart of the city. Tower 2 is the final piece of that vision and, when it is complete in the fourth quarter next year, it will provide best-in-class office space as well as greater linkages between transport infrastructure and the main thoroughfare of the CBD in St Georges Terrace," said Mr Wilkinson.

Brookfield Place Tower 2 is being developed by Brookfield Property Partners and constructed by affiliate Brookfield Multiplex, which will also take up office space in the building.

Brookfield Place Perth has established itself as the pre-eminent commercial precinct in Australia since Tower 1 opened in September 2012 with premium office space, sophisticated restaurants, retail space as well as arts and cultural events for the public.

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About Brookfield

Brookfield Property Partners (NYSE: BPY; TSX: BPY.UN) is a leading owner, operator, and investor in best-in-class real estate around the globe. Our diversified portfolio includes interests in over 300 office and retail properties encompassing 250 million square feet, 23,000 multi-family units, 48 million square feet of industrial space, and a 100-million-square-foot development pipeline. Our assets are largely located in North America, Europe, and Australia but also include a growing presence in China, Brazil and India. For information, please visit www.brookfield.com.

About Brookfield Place Perth

Brookfield Place Perth is one of Australia's most significant commercial precincts. Located in the heart of Perth's CBD, the development's centrepiece is a premium-grade, 45-level office tower incorporating the latest in workplace design over 75,000 square metres (807,300 square feet) of which BHP Billiton is the anchor tenant. With the addition of Tower 2, which is currently under construction, the precinct will include approximately 120,000 square meters (more than 1,292,000 square feet) of office and high-end retail accommodation, food and beverage and service outlets to Perth's CBD. Brookfield Place Perth is fully owned, managed and built by Brookfield and its subsidiaries. For more information, visit www.brookfieldplaceperth.com

Media contact:
Kerrie Muskens
Head of Marketing and Communications
Brookfield
Ph: +61 2 9322 2753 or +61 410 535250

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