Brookfield Office Properties Wins NAREIT 2012 Leader in the Light Award
December 06 2012 - 11:35AM
Marketwired
Brookfield Office Properties Inc. (NYSE: BPO) (TSX: BPO) was
awarded NAREIT's 2012 Leader in the Light distinction in the Office
- Large Cap category at NAREIT's annual meeting on November 14,
2012. The Leader in the Light program honors NAREIT-member
companies that have demonstrated superior and sustained
portfolio-wide energy use practices and sustainability initiatives.
It is NAREIT's highest achievement in environmental responsibility
for large-cap office REITs and real estate companies.
Brookfield CEO Dennis Friedrich accepted the award on the
company's behalf.
"Our operations personnel work hard to implement and manage
sustainable technologies within our properties as well as
diligently track our energy use and greenhouse gas emissions," said
Friedrich. "Winning Leader in the Light is an outstanding
achievement and solidifies Brookfield's leadership position in this
realm."
"Sustainability is a critical issue and one that has become
increasingly important to our industry as well as its investors,"
said Steve Wechsler, NAREIT's president and CEO.
The Leader in the Light program utilizes emissions and energy
use data voluntarily disclosed by real estate companies to the
GRESB (Global Real Estate Sustainability Benchmark) survey. This
survey measures a real estate portfolio's energy and water use,
greenhouse gas emissions, recycling and waste management practices,
and overall sustainability policies. Brookfield's office portfolio,
which spans 112 buildings and 78 million square feet in 15 cities
throughout the United States, Canada, Australia and the United
Kingdom, ranked #2 out of 22 companies in its peer group and #40
out of 451 companies globally that submitted to the GRSEB
survey.
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 112 properties totaling 78
million square feet in the downtown cores of New York, Washington,
D.C., Houston, Los Angeles, Toronto, Calgary, Ottawa, London,
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 Brookfield Place 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 information" within the meaning
of Canadian provincial securities laws and "forward-looking
statements" within the meaning of Section 27A of the U.S.
Securities Act of 1933, as amended, Section 21E of the U.S.
Securities Exchange Act of 1934, as amended, "safe harbor"
provisions of the United States Private Securities Litigation
Reform Act of 1995 and in any applicable Canadian securities
regulations. Forward-looking statements include statements that are
predictive in nature, depend upon or refer to future events or
conditions, include statements regarding the operations, business,
financial condition, expected financial results, performance,
prospects, opportunities, priorities, targets, goals, ongoing
objectives, strategies and outlook of the company and its
subsidiaries, as well as the outlook for North American and
international economies for the current fiscal year and subsequent
periods, and include words such as "expects", "anticipates",
"plans", "believes", "estimates", "seeks", "intends", "targets",
"projects", "forecasts" or negative versions thereof and other
similar expressions, or future or conditional verbs such as "may",
"will", "should", "would" and "could".
Although we believe that our 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 known and unknown risks, uncertainties and
other factors, many of which are beyond our control, 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.
Factors that could cause actual results to differ materially
from those contemplated or implied by forward-looking statements
include, but are not limited to: risks incidental to the ownership
and operation of real estate properties including local real estate
conditions, the ability to enter into new leases or renew leases on
favorable terms, dependence on tenants' financial condition,
uncertainties of real estate development, acquisition and
disposition activity; the impact or unanticipated impact of general
economic, political and market factors in the countries in which we
do business; the behavior of financial markets, including
fluctuations in interest and foreign exchanges rates; global equity
and capital markets and the availability of equity and debt
financing and refinancing within these markets; the ability to
complete and effectively integrate acquisitions into existing
operations and the ability to attain expected benefits therefrom;
changes in accounting policies and methods used to report financial
condition (including uncertainties associated with critical
accounting assumptions and estimates); the effect of applying
future accounting changes; business competition; operational and
reputational risks; changes in government regulation and
legislation within the countries in which we operate; changes in
tax laws, catastrophic events, such as earthquakes and hurricanes;
the possible impact of international conflicts and other
developments including terrorist acts; and other risks and factors
detailed from time to time in our documents filed with the
securities regulators in Canada and the United States.
We caution that the foregoing list of important factors that may
affect future results is not exhaustive. When relying on our
forward-looking statements, investors and others should carefully
consider the foregoing factors and other uncertainties and
potential events. Except as required by law, the company undertakes
no obligation to publicly update or revise any forward-looking
statements or information, whether written or oral, that may be as
a result of new information, future events or otherwise.
Contact: Melissa Coley Vice President, Investor Relations
and Communications (212) 417-7215 Email Contact