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INVESTMENTS IN JOINT OPERATIONS
12 Months Ended
Dec. 31, 2022
Interests In Other Entities [Abstract]  
INVESTMENTS IN JOINT OPERATIONS INVESTMENTS IN JOINT OPERATIONS
The partnership’s interests in the following properties are subject to joint control and, accordingly, the partnership has recorded its share of the assets, liabilities, revenues, and expenses of the properties in these consolidated financial statements:
 
Place of incorporation and
principal place of business
Ownership(1)
Name of propertyPrincipal activityDec. 31, 2022Dec. 31, 2021
Brookfield Place - Retail & ParkingPropertyToronto56 %56 %
Brookfield Place IIIDevelopment propertyToronto54 %54 %
Exchange TowerPropertyToronto50 %50 %
First Canadian Place(1)
PropertyToronto25 %25 %
2 Queen Street EastPropertyToronto25 %25 %
Bankers HallPropertyCalgary50 %50 %
Bankers CourtPropertyCalgary50 %50 %
Bankers West ParkadeDevelopment propertyCalgary50 %50 %
Suncor Energy CentrePropertyCalgary50 %50 %
Fifth Avenue PlacePropertyCalgary50 %50 %
52 Goulburn Street(2)
PropertySydney %24 %
235 St Georges Terrace(2)
PropertyPerth %24 %
108 St Georges Terrace(3)
PropertyPerth %50 %
Southern Cross WestPropertyMelbourne50 %50 %
Shopping Patio HigienópolisPropertySão Paulo25 %25 %
Shopping Patio Higienópolis - ExpansionPropertySão Paulo32 %32 %
Shopping Patio Higienópolis - Co-InvestPropertySão Paulo5 %%
Shopping Patio Higienópolis Expansion - Co-InvestPropertySão Paulo6 %%
G2-Infospace GurgaonPropertyNCR-Delhi Region72 %72 %
(1)First Canadian Place in Toronto is subject to a ground lease with respect to 50% of the land on which the property is situated. At the expiry of the ground lease, the other land owner will have the option to acquire, for a nominal amount, an undivided 50% beneficial interest in the property.
(2)The partnership deconsolidated its investment as a result of the dilution of its interest. Prior to the transaction, the partnership's interest was consolidated and is now reflected as a financial asset.
(3)108 St Georges Terrace was sold during 2022.