QUOTE AND NEWS
The Times of India  Feb 27  Comment 
NYSE-listed BPO major Genpact on Friday said it will repurchase company's shares worth up to $250 million (about Rs 1,545 crore).
The Economic Times  Feb 18  Comment 
Serco has sought offers for the about to be carved out BPO unit, which is mostly Intelenet's merged operations.
The Economic Times  Feb 17  Comment 
The subsidiary will partner with AkzoNobel to set up a finance services organisation by consolidating work from seven business groups across 55 locations.
The Economic Times  Feb 12  Comment 
Rapid rise of e-commerce firms and new govt projs such as Aadhar and Jan Dhan Yojana have boosted the need for call centre services.
The Hindu Business Line  Feb 9  Comment 
BPO firm Firstsource Solutions today posted 19 per cent rise in consolidated net profit at Rs 57.5 crore for the third quarter ended December 31, 2014—15. The company’s net profit stood a...
The Economic Times  Feb 2  Comment 
Neemuchwala has spent about 23 years at India’s largest software company and was appointed to the head of the BPO unit in 2009.
The Hindu Business Line  Feb 2  Comment 
guardian.co.uk  Jan 28  Comment 
Docklands estate, now home to financial heavyweights, is the creation of Canadian tycoon Paul Reichmann Canary Wharf is to be bought by Qatar’s sovereign wealth fund and Canadian investor Brookfield Properties for £2.6bn after Songbird, the...
The Times of India  Jan 27  Comment 
Private equity (PE) investors Apax Partners, Carlyle Group, Baring Asia and Everstone Capital are evaluating a $500-million (Rs 3,100-crore) offer to buy out the about to be carved off Indian BPO unit of London-listed Serco, multiple sources...
The Hindu Business Line  Jan 22  Comment 
Omega Healthcare, which offers BPO services to the US healthcare sector, plans to hire 2,300 this year. The employee additions will include coders and graduates with a science background,...
The Hindu Business Line  Jan 21  Comment 
A rural business process outsourcing (BPO) centre created by Kakinada SEZ Pvt Ltd (KSEZ ), a GMR Group Company, was inaugurated today at Kotha Mulapeta Village in East Godavari district of Andhra...




 
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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