Source - Brookfield Asset Management

Development/Redevelopment Highlights (1)OfficeRetailNumber ofsites/assetsArea currently underdevelopment/redevelopment(‘000 sq. ft.)Estimated NOIuponcompletion($M)Estimateddevelopment cost($M)Estimated yieldon costUnited States 1 5,000 $ 310 $ 4,300 7.2%Canada 2 2,180 93 1,070 8.7%Australia 1 348 30 330 9.4%Europe 2 1,575 125 1,710 7.3%Subtotal 6 9,103 $ 558 $ 7,410 7.5%Brazil 1 681 28 221 12.9%Office Total 7 9,784 $ 586 $ 7,631 7.7%̶̶̶United States 30 90 – 100 900 9% - 10%Brazil 2 12 54 22.5%Retail Total 32 $ 102 – 112 $ 954 11.3%(1) Represents development considered active including projects in advanced planning; does not include entire pipelineAla Moana Center, Honolulu, HawaiiLeft: Before; Right: Post renovation rendering26