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

Australia: In addition to the office properties in Australia in which Brookfield Office Properties has aneconomic interest, we hold an economic interest in office properties in Sydney, Melbourne, Brisbane and NewZealand. As at March 31, 2012, this portfolio consisted of 15 office properties totaling approximately 3.6 millionsquare feet and 3 office development sites totaling approximately 1 million square feet. Brookfield acquired theseoffice properties in 2007.Europe: In addition to the office properties in Europe in which Brookfield Office Properties has aninterest, we own 100% of a 576,000 square foot office property at 20 Canada Square, Canary Wharf, London.Brookfield acquired an interest in this office property in 2005.Canary Wharf Group plc: The remainder of our European office property operations consists of ourapproximate 22% interest in Canary Wharf, a company incorporated under the laws of England and Waleswhich, as at March 31, 2012, owned and operated 16 office and retail properties (not including our interest in theoffice property at 20 Canada Square) totaling approximately 7 million square feet. Brookfield acquired aninterest in Canary Wharf in 2003.Retail PlatformGeneral Growth Properties, Inc.: A substantial portion of our retail properties are held through ourapproximate 21% interest in GGP, a NYSE-listed company that is incorporated under the laws of Delaware. GGPis the second largest mall owner in the United States. The majority of GGP’s properties rank among the highestquality U.S. retail assets. In late 2010, Brookfield successfully led GGP out of Chapter 11 with a cornerstoneinvestment. In February 2011, Brookfield acquired a further interest in GGP. We and the other members ofBrookfield’s consortium hold an aggregate of approximately 422 million shares of GGP, representingapproximately 38% of the outstanding shares of common stock of GGP (assuming the exercise of approximately65 million warrants to acquire additional shares of common stock, which warrants were “in-the-money” as atMarch 31, 2012). We are entitled to designate three of the nine individuals nominated for election to GGP’sboard of directors. As at March 31, 2012, GGP’s portfolio consisted of 135 retail properties totalingapproximately 136 million square feet. Brookfield acquired an interest in GGP in November 2010.Rouse Properties, Inc.: On January 12, 2012, we and other members of Brookfield’s consortium acquiredan approximate 37% interest in Rouse, a newly formed NYSE-listed company that is incorporated under the lawsof Delaware, that GGP spun-out to its shareholders. After giving effect to Rouse’s rights offering in March 2012,we increased our holdings to approximately 37% of the outstanding shares of Rouse common stock and we,together with other members of Brookfield’s consortium, hold approximately 54% of the outstanding shares ofRouse common stock. We have also provided a $100 million subordinated credit facility to Rouse. Rouse is theeighth largest publicly-traded regional mall owner in the United States based on square footage and owns andmanages dominant Class B regional malls in secondary and tertiary markets. As at March 31, 2012, Rouse ownedand operated 31 retail properties totaling approximately 22 million square feet.Brazil Retail Fund: We hold an approximate 35% interest in the Brazil Retail Fund, a Brookfieldsponsoredretail fund in Brazil. As at March 31, 2012, the Brazil Retail Fund’s portfolio consisted of 8 mallstotaling approximately 3 million square feet in Brazil, 59% of which is located in São Paolo, 33% of which islocated in Rio de Janeiro and 8% of which is located in Belo Horizonte. Brookfield acquired an interest in theBrazil Retail Fund in 2006.Australia: We hold an economic interest in Brookfield’s retail property portfolio in Australia. As atMarch 31, 2012, this portfolio consisted of 8 retail centers totaling approximately 3 million square feet, 46% ofwhich is located in Sydney, 31% of which is located in New Zealand and 23% of which is located in Brisbane.Brookfield acquired these retail properties in 2007.64