QUOTE AND NEWS
Cellular News  4 hrs ago  Comment 
Everise, the parent company of U.S.-based C3/CustomerContactChannels, has signed an MoU with UBASE, a leading Korean BPO service company, to create a joint venture that aligns two unique BPO companies to provide an...
Cellular News  Jul 25  Comment 
andnbsp;Zynx Health™, a market leader in providing evidence- and experience-based clinical improvement solutions, announced today a strategic partnership with Hexaware, the fastest growing automation-led, next-generation provider of IT, BPO, and...
Forbes  Jul 7  Comment 
The Carlyle Group, one of the largest private equity firms in the United States, is reportedly negotiating to acquire a minority stake in UST Global, an IT services and Business process outsourcing (BPO) provider owned by Kenyan multimillionaire,...
The Economic Times  Jun 13  Comment 
As per the recent report by Indian Staffing Federation only 15 major sectors drove the entire jobs market growth in just 11 states.
The Economic Times  Jun 12  Comment 
Senior professionals posted a 5% rise in demand, while freshers & professionals with less than 2 years of experience saw a 4% rise in demand.
The Hindu Business Line  May 23  Comment 
Hinduja Global Solutions (HGS), the BPO arm of diversified Hinduja Group, reported today a consolidated net profit of Rs 42.70 crore for the fourth quarter of 2016-17. The company had reported a n...
The Economic Times  May 19  Comment 
Essar, which entered the BPO business in 2004 with the US-based Aegis Communications Group, had said last month, "the net proceeds of this sale will be used to retire Essar's debt".
The Economic Times  May 11  Comment 
"We are here to create jobs, not to downsize," he asserted after TCS launched a BPO centre here to create new opportunities as part of the government's Digital India push.
The Economic Times  May 8  Comment 
Route Mobile has bought business process outsourcing company Call2Connect from Arabi Holding Group for an undisclosed amount.
The Economic Times  Apr 24  Comment 
The total cash consideration for this transaction is up to $30 million, including contingent payments subject to certain financial milestones.




 
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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