QUOTE AND NEWS
The Economic Times  Aug 3  Comment 
BPO firm Firstsource Solutions today reported a six per cent increase in its consolidated net profit at Rs 56.4 crore for the first quarter ended June 30, 2015.
The Hindu Business Line  Jul 30  Comment 
Inclusive Ventures Ltd, a UK-based socio-economic platform that funds innovative organisations, has invested ₹15 crore (about $2.5 million) in the Bengaluru-based rural BPO company RuralShores.
newratings.com  Jul 29  Comment 
LONDON (dpa-AFX) - BPO services provider Capita Group plc (CPI.L) Wednesday reported first-half pre-tax profit of 146.1 million pounds, down from 152.3 million pounds a year earlier. Excluding certain items, pre-tax profit stood at 264.9 million...
The Economic Times  Jul 28  Comment 
In January this year, Serco started a process to divest some international assets, including the Indian operations, as part of a plan to pare debt.
Benzinga  Jul 14  Comment 
NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that Hexaware Technologies Limited, a global business process outsourcing and consulting firm with...
The Hindu Business Line  Jul 10  Comment 
Mphasis, an HP-owned company, has sold a portion of its domestic back-end operations business to Karvy Data Management Service for an undisclosed sum, thereby, completely exiting its India...
The Economic Times  Jul 6  Comment 
Indian BPOs have been attempting to move up the value chain in terms of services offered to clients as they look to improve their margins.
newratings.com  Jul 2  Comment 
FRANKFURT (dpa-AFX) - Technology outsourcing and consultancy company Accenture Plc. (ACN) announced a five-year contract extension with German lender Deutsche Bank AG (DB) to continue to provide procurement business process outsourcing (BPO)...
The Economic Times  Jul 2  Comment 
UK-based outsourcer Serco is considering options for its Indian BPO unit whose likely buyout by private equity players is taking longer than expected.
The Economic Times  Jul 1  Comment 
Mphasis still owns a third of its domestic BPO unit and is working on implementing its strategic plan for the business, after it sold the rest of the business to Hinduja Global Services for Rs 17 crores.




 
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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