NEW PEDESTRIAN BRIDGE FOR TOWER 2

Brookfield Place Perth Tower II

PERTH, Australia, 23 May 2015: Brookfield Property Partners L. P. (“Brookfield”) has developed a new pedestrian bridge in Perth’s Central Business District, which will link the Brookfield Place precinct with the Perth Busport, Esplanade Train Station, EY Building and Perth Convention and Exhibition Centre. 

The bridge, which is 33 metres long and weighs 60 tonnes, was transported as one completed unit from its construction site in Landsdale to Brookfield Place in Perth today.

Brookfield Property Partners’ President and Chief Operating Officer – Australian Office Division, Kurt Wilkinson, said the new pedestrian bridge will increase connectivity and walkability within the city.

“The bridge is a key element of Brookfield Place, connecting the new Tower 2 with major transport infrastructure and providing greater pedestrian walk-ways in the heart of the CBD.

“The bridge has been designed to integrate with Brookfield Place, as well as the broader Perth CBD. It will provide city workers, commuters and residents with a new, pleasant urban link from the riverfront and public transport hubs to St Georges Terrace. It also cements Brookfield Place’s position at the very centre of the city.” 

The sheltered bridge has a sleek, modern design in glass and steel. It will be open to the public 24 hours a day, 365 days a year.

The bridge that was constructed off-site was lifted in to place by a 500 tonne crane and has been placed on specially-constructed permanent platforms ready for its official opening in the second half of this year.

Brookfield Place Tower 2, which is currently under construction, 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 a number of blue chip tenants to date, including Deloitte, Corrs Chambers Westgarth and Ashurst.

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

Brookfield Place Perth is one of the most significant commercial precincts in Australia with premium office space, sophisticated restaurants, retail space as well as arts and cultural events for the public.

# # #

About Brookfield

Brookfield Property Partners is one of the world’s largest commercial real estate companies. Our goal is to be the leading global owner, operator and investor in best-in-class commercial property assets. Our diversified portfolio includes interests in over 100 premier office properties and over 150 best-in-class retail malls around the globe. We also hold interests in multifamily, industrial, hotel and triple net lease assets through Brookfield-managed private funds. For more information, please visit www.brookfieldpropertypartners.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 metres (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

For further Information:

Contact: Kerrie Muskens
Head of Marketing and Communications
Brookfield
+61 2 9322 2753
+61 (0) 410 535 250
kerrie.muskens@au.brookfield.com 

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and applicable regulations and “forward-looking statements” within the meaning of “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding our operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods, and include words such as “expects,” “anticipates,” “plans,” “believes,” “estimates,” “seeks,” “intends,” “targets,” “projects,” “forecasts,” “likely,”, or negative versions thereof and other similar expressions, or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.” Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause our actual results, performance or achievements to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: risks incidental to the ownership and operation of real estate properties including local real estate conditions; the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business; the ability to enter into new leases or renew leases on favourable terms; business competition; dependence on tenants’ financial condition; the use of debt to finance our business; the behavior of financial markets, including fluctuations in interest and foreign exchanges rates; uncertainties of real estate development or redevelopment; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; risks relating to our insurance coverage; the possible impact of international conflicts and other developments including terrorist acts; potential environmental liabilities; changes in tax laws and other tax related risks; dependence on management personnel; illiquidity of investments; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits therefrom; operational and reputational risks; catastrophic events, such as earthquakes and hurricanes; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States. We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements or information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.