FORM 20-F/A Brookfield Property Partners L.P. - Brookfield Asset ...

As at March 31, 2012, our office portfolio consisted of interests in 124 properties containingapproximately 82 million square feet of commercial office space. The majority of these properties are located inthe central business districts of New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, Ottawa,Sydney, Melbourne, Perth and London, making us a global leader in the ownership and management of highqualityoffice assets. Landmark properties include the World Financial Center in New York, Brookfield Place inToronto, Bank of America Plaza in Los Angeles, Bankers Hall in Calgary, Darling Park in Sydney andBrookfield Place (formerly City Square) in Perth.The following is a brief overview of the office property assets in our portfolio and the office propertymarkets in which we operate as at March 31, 2012:Number ofProperties (1)Total Area (000’sSq. Ft.)Average MarketOccupancy Rate(%)Our AverageOccupancy Rate(%)Market Net Rent($/Sq. Ft.)Average InplaceNet Rent($/Sq. Ft.)United States 62 49,307 89.0 91.0 31.33 24.76Canada 28 20,785 95.2 96.8 31.34 26.06Australia 33 10,993 92.6 97.4 52.56 52.22Europe (2) 1 576 94.6 100.0 57.38 61.13Total/Average 124 81,661 91.1 93.3 34.50 29.38(1) Does not include office assets held within our opportunistic investment platform.(2) Does not include office assets held through our approximate 22% interest in Canary Wharf.The table below presents the following information on the assets in our office platform by geographiclocation as at March 31, 2012: (i) the number of properties, the percentage of the space under lease and the sizeof the office, retail, leasable, parking and total space in our office portfolio, which provides information as if weown 100% of the office assets in which we have an interest; (ii) our proportionate interest in those office assetsbefore considering minority interests; and (iii) our proportionate interest in those office assets net of minorityinterests. We believe information presented as if we own 100% of each of the properties provides an appropriatebasis on which to evaluate the performance of properties in the portfolio relative to each other and to otherproperties in the market. Our proportionate interests in the investments demonstrate our ability to manage theunderlying economics of the relevant investments, including the financial performance and cash flows.Proportionate interest in the assets net of minority interests represents our economic interest in the underlyingproperty and is relevant because it represents the net assets and operations of the underlying property that wemanage that are directly attributable to us.46