QUOTE AND NEWS
The Economic Times  Jun 30  Comment 
The national BPO scheme which is aimed at creating job opportunities in small cities promises a subsidy of up to Rs 1 lakh per seat.
The Economic Times  Jun 29  Comment 
The national BPO scheme which is aimed at creating job opportunities in small cities promises a subsidy of up to Rs 1 lakh per seat.
The Economic Times  Jun 25  Comment 
Europe is the second largest market for the Indian IT and BPO industry, contributing almost 30% of the industry’s export revenue with UK.
The Economic Times  Jun 17  Comment 
"We think we may run out of space in the next one year and may need some more space to open new centres here," CEO Kaushal Mehta said.
Benzinga  Jun 16  Comment 
Xerox Corp. (NYSE: XRX) disclosed that the names of the new companies would be established after the completion of its separation into two publicly traded companies. Accordingly, its Business Process Outsourcing firm would be known as "Conduent,...
The Economic Times  Jun 15  Comment 
Vemuri, who previously headed IT services provider IGATE Corp from September 2013 to October 2015, will join Xerox effective July 1.
Benzinga  Jun 14  Comment 
Xerox Corp. (NYSE: XRX) revealed Tuesday that Ashok Vemuri would become the CEO of the Business Process Outsourcing (BPO) firm after the completion of the separation of Xerox into two publicly-traded companies. According to the company, Vemuri...
The Times of India  Jun 14  Comment 
The Economic Times  May 31  Comment 
Cyfuture is planning to invest a total Rs 250 crores to expand its data center and BPO businesses in India, and is already in talks with venture capitalists.
The Hindu Business Line  May 27  Comment 
Infosys has elevated Anantha Radhakrishnan as CEO of the BPO business. Radhakrishnan was earlier the COO of Infosys BPO. The development comes at a time when Infosys is combining its BPO services j...
The Times of India  May 12  Comment 
Infosys is hitting a refresh button on its BPO business. The $9.5-billion IT firm is likely to bundle its BPO offerings into a service line and it might cease to exist as a whol ly owned subsidiary.




 
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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