Brookfield Office Properties to Commence Construction of the Massive Brookfield Place Office Development in Calgary

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Brookfield Office Properties Inc. today announced that it will commence construction of a 2.4-million-square-foot office development project in downtown Calgary to be named 'Brookfield Place Calgary.' Cenovus Energy Inc. a leading Canadian oil company, has agreed to lease one million square feet of the 1.4-million-square-foot east tower, which upon completion will be the tallest structure in western Canada at 56 storeys or 247 metres in height.

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Brookfield Place Calgary, previously known as '225 Sixth' and the former site of the Calgary Herald building, is a full-block development site in the heart of downtown, bounded 1st and 2nd Streets SW and 6th and 7th Avenues SW. "I am very pleased to welcome this new and stunning addition to the dynamic Calgary skyline," said Calgary Mayor Naheed Nenshi. "Brookfield and Cenovus are demonstrating their confidence in Calgary as an economic hub." Construction of the east tower is scheduled to commence in September 2013 with completion expected in the latter half of 2017. It is expected that Cenovus will occupy its one million square feet by Q1 2018.

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