brookfield office properties
(BPO:New York)
brookfield office properties (BPO) Key Developments
Brookfield Office Properties Inc. announced that it is commencing construction of the second tower at Brookfield Place Perth. Tenant pre-commitments for approximately 40% of the 16-level, 34,000-square-meter (366,000 square feet) premium-grade office tower include professional services firms Deloitte and Corrs Chambers Westgarth, as well as Brookfield Multiplex. Brookfield Place Tower 2 will have large, efficient, column-free floor plates of approximately 2,100 square meters (22,600 square feet), conference facilities, and 110 parking spaces and is targeting a 5-Star NABERS base building energy rating. The project also incorporates a sheltered upper-level walkway across Mounts Bay Road to provide greater connectivity between the Perth Bus Port, Esplanade Train Station and Perth's City Centre. Construction of the new office tower will be undertaken by Brookfield Multiplex and is expected to be completed late in 2015. Brookfield Place Perth is emerging as the pre-eminent commercial precinct in Australia with premium office space, sophisticated restaurants, retail space as well as arts and cultural events for the public.
Norway's Oil Fund is reportedly in talks to acquire 50% stake in Broadgate Development from The Blackstone Group L.P. (NYSE:BX), Financial Times reported on June 7, 2013. According to reports, Brookfield Office Properties Inc. (TSX:BPO) and Deutsche Asset and Wealth Management are also interested in the stake.
Brookfield Office Properties Inc. announced that it has closed on commitments for up to $1 billion in financing on two of the four office towers at Brookfield Place in Lower Manhattan: the 2.5-million-square-foot 225 Liberty St. (f/k/a 2 World Financial Center) and the 1.8-million-square-foot 250 Vesey St. (f/k/a 4 World Financial Center). A consortium of banks led by Deutsche Bank, Royal Bank of Canada, Citibank, Bank of America and Wells Fargo have committed to lending $800 million initially with the ability for Brookfield to draw an additional $200 million. The term of the floating-rate (currently 3.44%) loan is three years, with two one-year extension options available.
Brookfield Office Properties Inc. Presents at NAREIT's REITWeek Investor Forum, Jun-05-2013 10:15 AM. Venue: Hilton Chicago, 720 South Michigan Avenue, Chicago, IL 60605, Illinois, United States. Speakers: Dennis H. Friedrich, Chief Executive Officer and Director.
The annual meeting of unit holders of Brookfield Canada Office Properties was held on April 22, 2013. At the meeting the company elected Thomas F. Farley, Roderick D. Fraser, Paul D. McFarlane, Susan L. Riddell Rose and T. Jan Sucharda as trustees.

| Recently Viewed | |||
| BPO:US | $17.16 USD | +0.06 | |
| Company | Last | Change | |
| No competitor information is available for BPO. | |||
| View Industry Companies | |||
Industry Analysis
BPO
Industry Average
| Valuation | BPO | Industry Range |
| Price/Earnings | 8.5x |
|
| Price/Sales | 3.6x |
|
| Price/Book | 0.8x |
|
| Price/Cash Flow | 7.1x |
|
| TEV/Sales | NM | Not Meaningful |
Post a JobJobs
- Chicago, IL | DunnhumbyusaPosted: Jun 18
- Thomasville, GA | Flowers FoodsPosted: Jun 07
- San Francisco, CA | YelpPosted: Jun 06
- San Francisco, CA | PeoplematterPosted: Jun 06
Sponsored Financial Commentaries
Sponsored Links
To contact BROOKFIELD OFFICE PROPERTIES, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.
Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.








