Perth – 5 July  2011– Brookfield is pleased to announce that it has lodged a Development Application (DA) for a second office tower at 123 St. Georges Terrace in the City Square precinct of Perth’s Central Business District.

The DA outlines plans for  a 16-level, premium-grade office tower with approximately 30,000 square metres (323,000 square feet) of net lettable area.  Brookfield intends to build the tower with a central lift core, conference facilities, 110parking spaces, and will be targeting a 5-Star NABERS energy rating.

The proposed development will add to the existing City Square precinct which is currently under construction and includes a 45-level, 75,000 square metre (807,300 square feet) office tower along with7,000 square metres (75,000 square feet) of restored heritage buildings that will contain retail, food and beverage outlets.

When complete, the City Square precinctwill create new public spaces in the heart of Perth, and the development’s proposed second tower will be fully integrated into the City Square precinct providing greater connectivity to pedestrians accessing the Bus Port and Esplanade Train Station to the City Centre.  The DA also incorporates a sheltered upper-level walkway along Mounts Bay Road.

Brian Kingston,President and Chief Executive Officer of Brookfield Office Properties, Australian Commercial Operations, said: “We are delighted to be advancing our plans for a second office tower on the City Square site, which is set to redefine Perth’s city centre.  We have had strong interest in the proposed tower from a range of potential tenants and are confident in the ongoing strength and growth of the Perth office property market.”

About Brookfield Asset Management

Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has over US$150 billion of assets under management and is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively, and on NYSE Euronext under the symbol BAMA.

About Brookfield Office Properties

Brookfield Office Propertiesowns, develops and manages premier office properties in the United States, Canada and Australia. Its portfolio iscomprised of interests in 109 propertiestotaling 78 million square feet in the downtowncores of New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, Ottawa, Sydney, Melbourne and Perth, makingit the global leader in the ownership and management of office assets. Landmark propertiesinclude the World Financial Center in Manhattan, Brookfield Place in Toronto, Bank of AmericaPlaza in Los Angeles, Bankers Hall in Calgary, Darling Park in Sydney and City Square in Perth. The company’s common shares trade on the NYSE and TSX under the symbol BPO. For more information, visit www.brookfieldofficeproperties.com.

For more information, please visit our web site at www.au.brookfield.com or contact:

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

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