Brookfield Office Properties Hires Martin Jepson to Lead Development and Investment Initiatives in United Kingdom

  Brookfield Office Properties Hires Martin Jepson to Lead Development and
  Investment Initiatives in United Kingdom

Business Wire

NEW YORK -- August 26, 2011

Brookfield Office Properties Inc. (NYSE, TSX: BPO) announced today that it has
hired Martin Jepson as senior vice president, Development and Investment in
its growing London, UK office. Mr. Jepson will lead the company’s investment
and development activities in the UK, including overseeing Brookfield Office
Properties’ investment in the 100 Bishopsgate development project.

Martin Jepson (Photo: Business Wire)

Martin Jepson (Photo: Business Wire)

“Martin Jepson brings an impressive track record and extensive local expertise
to Brookfield Office Properties’ operations in the UK,” said Dennis Friedrich,
president and global chief investment officer for Brookfield Office
Properties. “We’re committed to expanding our presence in the UK both through
development as well as new, strategic property investments and Martin will be
integral in these endeavors.”

Mr. Jepson is an accomplished and experienced real estate executive. He was
most recently Managing Director of the London Group for Hammerson PLC, a
leading European commercial real estate company. Prior to joining Hammerson,
Mr. Jepson served as London Regional Director at Taylor Woodrow Property
Company and prior to that Development Director at Delancey.

Brookfield Office Properties made its initial investment in the UK in 2010
through its 50:50 joint venture with Great Portland Estates on 100
Bishopsgate, a 950,000-square-foot office development planned for the City of
London. The project team has been working actively to ready the site for the
development of the new building.

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.

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 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 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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http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6841504&lang=en

Multimedia Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6841504

Contact:

Brookfield Office Properties Inc.
Melissa Coley, 212-417-7215
VP, Investor Relations and Communications
melissa.coley@brookfield.com
 
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