QUOTE AND NEWS
The Economic Times  Jul 10  Comment 
It has annual revenues of $400 million and employees over 19,000 across 16 centres in the three countries, the company said.
The Times of India  Jul 7  Comment 
Anil Ambani-led Reliance Communications will cut workforce by as much as 5,500 employees by outsourcing BPO and shared services operations, taking the overall headcount down by over 15,000 employees since January last year.
The Hindu Business Line  Jul 7  Comment 
Business process solutions company EXL has acquired New York-based Blue Slate Solutions to enhance its business process management capabilities. Through this acquisition, the Nasdaq-list...
The Hindu Business Line  Jul 1  Comment 
World BPO Foundation today said it is partnering hospital group Medanta to organise a special BPO health support program to address the health concerns of BPO employees across north India.
DailyFinance  Jun 30  Comment 
Industry research firm Gartner, Inc. placed Xerox (NYSE:XRX) in the Leaders Quadrant of its 2014 Magic Quadrant for Finance and Accounting (F&A) Business Process Outsourcing (BPO).1 Quadrant leaders have...
The Economic Times  Jun 30  Comment 
The Ruias have entered into exclusive talks with Teleperformance to sell the two overseas operations of Aegis, valued at about 9 times their operating profits.
The Economic Times  Jun 10  Comment 
Sutherland, founded by entrepreneur Dilip Vellodi three decades ago, is among the largest independent BPO firms employing more than 30K employees globally.
Cloud Computing  Jun 9  Comment 
Monday 9 June, 2014 English Cloud BPO Services, a process outsourcing BPO firm that delivers virtual call centre services and back office solutions, has just opened its doors to help small businesses in the UK and Europe. English Cloud...
The Economic Times  Jun 6  Comment 
BPO services firm Navigant Technologies is planning to expand its workforce by 1,000 employees in this financial year to meet growing demand.
The Hindu Business Line  Jun 4  Comment 
Sundaram Business Services (SBS), the BPO arm of Sundaram Finance, today said it will hire over 100 accounting professionals at its Chennai facility within 6-9 months.Over 100 accounting pr...




 
TOP CONTRIBUTORS

Brookfield Properties Corporation (NYSE: BPO) is one of the biggest commercial real estate companies in North America. The company's two main segments are ownership, development and management of high-quality properties in the most exclusive and high-growth metropolitan hubs in Canada and the United States[1] and development of residential land.


The segment managing premier assets in exclusive cities is the main driver of BPO's net income earnings. The segment covers over 110 office properties in 75 million square feet (two thirds of which come from New York City alone) [2]

In the wake of the 2008 Financial Crisis which severely harmed the US real estate industry, Brookfield Properties Corporation has outperformed most competitors. The company's commercial property operations — buoyed by higher-than-industry occupancy rates and rent revenue, have increased net operating income and maintained solid, steady cash flows. BPO courts many first-grade clients (which have included Royal Bank Of Canada (RY) , Goldman Sachs Group (GS) and Chevron Corporation (CVX)) [3]


Corporate Overview

Incorporated in the 1920s and existing in various facets of the industry since the 1960s, Brookfield Properties Corporation eventually grew into a powerhouse real estate giant in North America after a series of high-value acquisitions of premier properties in Canada and the US since 1990. Currently, the company owns, develops, and operates premier assets in the downtown cores of mainly New York, Boston, Washington, D.C., Los Angeles, Houston, Toronto, and Calgary.

Brookfield Properties Corporation focuses on attracting diversified clients very high credit rating. The company acquires office spaces which are well-placed in the cores of high-growth North American metropolises, and manage them on a long-term basis to increase value to potential clients, while fostering demand at low costs to the company.

Another defining philosophy of BPO is active capital management and a market focus in supply-constrained / barrier-to-entry markets whose tenants are very well-capitalized.

Business Segments

BPO Commercial Property Operations covers 12 distinct (geographic) markets in the US and Canada: Houston, Toronto, Calgary, Denver, Washington, DC, Los Angeles, Midtown New York City, Downtown New York City, Boston, Ottawa and Vancouver / Edmonton.

The segment has 110  properties — covering 75  million  square  feet (9  million  square  feet  of  parking included). According to the company, the segment's primary markets are the financial,  energy  and  government  center  cities in New  York, Washington,  D.C.,  Houston,  Los  Angeles, Boston, Toronto,  Calgary  and  Ottawa.

In order to realize the value from properties, BPO focuses on proactive leasing of and selective redevelopment, monetizing the development assets (including refinancing of mature properties) and aiming for prudential capital management.


Market % of Net Oper. Income Number of Properties Area (millions of sq. ft.)
Downtown NYC 33 8 13.9
Toronto 10 11 10.7
Calgary 6 9 6.9
Denver 3 1 1.8
Washington DC 11 30 7.3
Los Angeles 8 5 4.5
Midtown NYC 10 3 4.5
Houston 11 9 9.1
Boston 6 2 2.3
Ottawa 1 6 2.8
Vancouver / Edmonton 1 3 1.6

Image:Picture_1.png

Companies under Brookfield Properties Corporation

  1. Brookfield Asset Management (BAM): owns approximately half of the outstanding common shares of BPO, manages US$95 billion of property, power and other infrastructure assets. '
  2. BPO Properties: a real estate investment company in which BPO owns 89% equity interest, focuses on ownership and and value enhancement of premier commercial real estate in Toronto, Calgary, Ottawa, Edmonton and Vancouver.
  3. Carma Corporation: fully owned by BPO and develops commercial areas and income properties for investment and sale and develops master planned communities in BPO's 12 markets in Canada and the US.
  4. 'Brookfield LePage Johnson Controls (BLJC): supplies facility management solutions for various private sector and governmental clients. BPO owns a 40% equity investment in BLJC
  5. Brookfield Residential Services Ltd.: fully owned by BPO and manages condominium corporations in the greater Toronto area.

Image:Example.jpg

Business and Financial Metrics

References

  1. Corporate Overview. Brookfield Properties Corporation Inc.
  2. BPO 2009 Annual Results  
  3. Tom Hutchison (June 30, 2010). A Real Estate Gem Lost in the Rubble. Street Authrority.
  4. (Global Markets) BPO Portfolio. BPO Inc..



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