The Economic Times  Oct 18  Comment 
"On the back of the expectations from the festive season, MEI for September shows significant hiring growth in the BPO and the logistics sectors."
The Economic Times  Oct 3  Comment 
More than 50 companies will set up BPO operations at 60 locations in 18 states and 2 union territories, including Varanasi, Unnao, Patna, Amravati etc.
The Economic Times  Oct 3  Comment 
Launched under the Digital India programme of the govt, the IBPS, with an outlay of Rs 493cr, aims to create employment opportunities and promotion of BPO ops across the country.
The Economic Times  Sep 26  Comment 
Over 5 million people's jobs are estimated to get impacted by technology advancement across verticals and some 2 million new highly-skilled jobs will be created by 2020.
The Hindu Business Line  Sep 24  Comment 
With the India Meteorological Department (IMD) extending rain forecast for three more days, the IT and BPO industry representatives in Hyderabad have held a brainstorming session to device a plan to ...
newratings.com  Sep 23  Comment 
LONDON (dpa-AFX) - BPO services provider Capita Group plc (CPI.L) Thursday said its second-half to date performance has been below expectations. As a result, the company trimmed its forecast for fiscal 2016 results. In its trading statement, the...
The Hindu Business Line  Sep 23  Comment 
With incessant rains battering Hyderabad over the last one week, Nasscom has asked IT and BPO companies to consider letting their employees work from home. “We have been informed that heavy rains ...
The Hindu Business Line  Sep 22  Comment 
Increased automation and digitalisation by enterprises globally is expected to propel the Indian BPO sector and rake in $50 billion revenues by 2020.Addressing reporters at the Nasscom BPM (Business...
The Hindu Business Line  Sep 7  Comment 
Oremus Corporate Services, a finance and accounting Business Process Outsourcing (BPO) company, has acquired Escribe, which offers similar services in the UK and Ireland. The firm, however, refuse...
The Hindu Business Line  Aug 10  Comment 
“The India staff strength will go up to 7,500 from 6,000 in three months. Bengaluru will get 1,100 and Hyderabad 400 more employees this quarter.”


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


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.


Business and Financial Metrics


  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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