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Brookfield > News > Brookfield Office Properties and Colonial Leisure Group sign lease for City Square's Print Hall

Brookfield Office Properties and Colonial Leisure Group sign lease for City Square's Print Hall

PERTH, Australia, 1 June 2011 – Brookfield Office Properties Inc. (NYSE, TSX: BPO) and leading hospitality company Colonial Leisure Group have signed a long-term lease agreement for Print Hall, a multi-level food and beverage venue at City Square in Perth.

City Square, one of Australia’s most significant commercial developments, is currently under construction in the heart of Perth’s CBD by Brookfield Office Properties affiliate Brookfield Multiplex.

Print Hall is part of the City Square’s heritage precinct, which comprises some of the city’s most significant historical buildings to create a new retail and food and beverage hub in the centre of Perth.

Multiple venues across four levels
Colonial Leisure Group will create four distinct yet complementary venues across the four levels of the Newspaper House printing room, including a rooftop garden bar, a high-end restaurant, private dining areas and signature bars on the ground and first floors.

Kurt Wilkinson, Chief Operating Officer of Brookfield Office Properties, Australian Commercial Operations, said: “Print Hall will be a major part of the vibrant inner-city precinct we are creating at City Square.

“Colonial Leisure Group is the ideal partner to develop this unique space, as a company with a strong track-record in creating outstanding venues both in Perth and elsewhere.” Colonial Leisure Group currently operates the award-winning Colonial Brewing Company in Margaret River, The Royal in East Perth and Raffles Hotel in Applecross.

Reviving a landmark heritage building
Lyndon Waples, Chief Executive, Colonial Leisure Group, said: “The Print Hall building has been a major part of Perth’s civic history and we are creating a venue that respects and reflects that historical significance. Many of the building’s original features are being carefully restored to create a truly unique space.

“In keeping with this, the four venues within Print Hall will offer a range of eating, drinking and entertainment options, including some that have never been seen in Perth before.”

Print Hall is the first of a number of bars, restaurants and cafes planned for City Square, which will also include high-end retail and boutique commercial space within its heritage precinct. The leasing program for the heritage precinct is well advanced.

In total, City Square will comprise a net lettable area of approximately 86,000 square metres (926,000 square feet), including a premium-grade, 45-level commercial tower of over 75,000 square metres (807,300 square feet) and a total of 7,126 square meters (76,704 square feet) of retail space.


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About Brookfield Office Properties
Brookfield Office Properties owns, develops and manages premier office properties in the United States, Canada and Australia. Its portfolio is comprised of interests in 109 properties totaling 78 million square feet in the downtown cores of New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, Ottawa, Sydney, Melbourne and Perth, making it the global leader in the ownership and management of office assets. Landmark properties include the World Financial Center in Manhattan, Brookfield Place in Toronto, Bank of America Plaza 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.

About City Square
City Square is one of Australia’s most significant commercial developments, currently under construction 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. City Square will create new civic space in Perth’s CBD through a unique heritage retail area, which will include the restoration of some of the city’s most important historical buildings. In total, the project will comprise a net lettable area of approximately 86,000 square metres (926,000 square feet). City Square is fully owned,
managed and built by Brookfield and its subsidiaries. For more information, visit
www.citysquare.com.au.


For further Information, Brookfield Office Properties:

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

Contact: Melissa Coley
Vice President, Investor Relations and Communications
+212 417 7488 (USA)
melissa.coley@brookfield.com

Contact: Garry Nickson
MAGNUS Investor Relations + Corporate Communication
+61 2 8999 1004
+61 (0) 414 930 082
gnickson@magnus.net.au


Forward-Looking Statements
This press release contains forward-looking statements and information within the meaning of applicable securities legislation. Although Brookfield Office Properties believes that the anticipated future results, performance or achievements expressed or implied by the forwardlooking 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 assumptions, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Accordingly, the company cannot give any assurance that its expectations will in fact occur and cautions that actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements and information include, but are not limited to, general economic conditions; local real estate conditions, including the development of properties in close proximity to the company’s properties; timely leasing of newly-developed properties and re-leasing of occupied square footage upon expiration; dependence on tenants' financial condition; the uncertainties of real estate development and acquisition activity; the ability to effectively integrate acquisitions; interest rates; availability of equity and debt financing; the impact of newly-adopted accounting principles on the company's accounting policies and on period-to-period comparisons of financial results; and other risks and factors described from time to time in the documents filed by the company with the securities regulators in Canada and the United States, including in the Annual Information Form under the heading “Business of Brookfield Properties – Company and Real Estate Industry Risks,” and in the company’s most recent interim report under the heading “Management’s Discussion and Analysis.” The company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by law.

 

 


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