public company traded as nyse bpy tsx bpy.un industry commercial real estate founded 2013 headquarters brookfield place new york usa key people ric clark chairman brian kingston ceo revenue us 4.9 billion 2015 net income us 3.8 billion 2015 total assets us 71.9 billion 2015 number of employees 14 000 1 website brookfieldpropertypartners.com brookfield property partners nyse bpy ; tsx bpy.un is a global company which owns operates and invests in commercial property . the majority of the company s assets are located in north america europe and australia . brookfield property partners presence is growing in china brazil and india . 2 contents 1 history 2 management 3 markets 3.1 luxury and landmark retail 3.2 industrial property 3.3 residential 3.4 hotels 3.5 developing markets 4 references 5 external links history edit brookfield property partners bpy was formed through a spin off from brookfield asset management in april 2013 . 3 on april 15 2013 shares of bpy began trading on the toronto and new york stock exchanges . 4 the new company formed by the spin off consolidated in one place all of brookfield s commercial property assets . bpy also has ownership interests in general growth properties inc. ggp and rouse properties inc. rse 3 during the 12 month period between october 2013 and october 2014 bpy surpassed one million square feet of leasing deals in london . 5 in june 2014 bpy completed the acquisition of brookfield office properties byo through a tender offer . 6 on june 10 2014 byo was de listed from the toronto stock exchange ; and ten days later it was removed from the new york stock exchange . 7 8 following a 300 million renovation the company celebrated the grand opening of brookfield place new york city s 375 000 square foot retail space in march 2015 . 9 in a joint venture with qatar investment authority bpy completed the takeover of 100 percent of london s canary wharf group cwg in april 2015 . the deal acquired songbird estates plc. which owned 69 percent of cwg in a deal that valued songbird at about 2.6 billion pounds 3.9 billion us . 10 also in april 2015 the company signed the law firm skadden arps to be the anchor tenant in its 2.1 million square foot office tower in new york city one manhattan west . 11 in october 2015 bpy acquired a brookfield residential development in brooklyn called greenpoint landing . 12 bpy also sold a 44 % interest in the 8 billion manhattan west development in new york to the qatar investment authority in october 2015 . 13 together with a joint venture partner korea investment corp. brookfield property partners acquired berlin s potsdamer platz in january 2016 in a deal valued at 1.41 billion . the property is a major public square in central berlin consisting of 17 buildings 10 streets and two squares covering over 2 900 000 square feet . the buildings are a mix of office retail and residential space including a hotel and leisure use space . over 480 international and german companies are headquartered there . 14 15 also in january 2016 brookfield property partners with a joint venture partner investment corporation of dubai launched an office development project in dubai icd brookfield place in a deal valued at 1 billion . 16 management edit brian kingston is the ceo of brookfield property partners and ric clark is the chairman of the company . in march 2014 the financial times featured an article about clark . 17 markets edit brookfield property partners operates within five main real estate platforms office retail industrial multifamily and hotel . 2 17 the company has also begun expansion into developing markets . luxury and landmark retail edit some of the company s properties include major urban landmark centers brookfield place new york ; canary wharf in london ; potsdamer platz in berlin ; brookfield place toronto ; bank of america plaza in los angeles ; bankers hall in calgary ; darling park in sydney ; and brookfield place perth . 18 when bpy signed a lease with hudson s bay owners of saks fifth avenue department stores in september 2014 it was seen as the beginning of a new luxury era in downtown manhattan . 19 industrial property edit in 2012 brookfield entered the industrial property sector . between 2012 and 2014 bpy purchased atlanta based industrial developments international and london based gazeley ltd industrial property companies focused on the us uk europe and asia . together the two companies are called idi gazeley and is part of brookfield logistics properties . 18 20 residential edit between 2010 and 2015 bpy went from owning virtually zero apartment units to the acquisition of 42 000 . the company began developing this market when it bought a 65 percent share in the fairfield residential company . 12 together with fairfield bpy launched the brookfield fairfield u.s. multifamily value add fund which is pursuing investment opportunities to acquire undervalued or underperforming multifamily apartment properties in infill or supply constrained locations suitable for renovation repositioning and operational turnaround . 21 hotels edit in 2014 the company expanded into the hospitality property market with the acquisition of thayer lodging group one of the few private equity firms that focuses on hotel investment . 22 additionally brookfield is invested in other hotels including the atlantis hotel in the bahamas 23 and the hard rock hotel & casino in las vegas . 24 25 developing markets edit in recent years brookfield has been expanding into developing markets . in december 2015 and january 2016 brookfield acquired seven office buildings in sao paolo and rio de janeiro brazil . 26 in late 2014 brookfield acquired a portfolio of office parks in india . 27 in 2013 the company bought a stake in prime shanghai property from shui on land in the district of xintiandi for 500 million . 28 references edit corporate profile pdf . brookfield property partners . 31 december 2015 . retrieved 13 april 2016 . a b the company . brookfield property partners . retrieved 12 april 2016 . a b yu hui yong 12 april 2013 . brookfield spinoff plans to expand beyond offices malls . retrieved 12 april 2016 . brookfield asset management completes spin off of brookfield property partners . yahoo finance . 15 april 2013 . retrieved 12 april 2016 . wallace james 27 october 2014 . brookfield property surpasses one million sq ft of leasing deals in 12 months . costar . retrieved 12 april 2016 . carmiel oshrat ; levitt david m. 1 october 2013 . brookfield property offers to acquire brookfield office . bloomberg . retrieved 12 april 2016 . brookfield property partners completes acquisition of brookfield office properties . london the news . marketwired . 9 june 2014 . retrieved 12 april 2016 . brookfield property partners completes acquisition of brookfield office properties . brookfield property partners . 9 june 2014 . retrieved 12 april 2016 . murray barbra 30 march 2015 . downtown manhattan s brookfield place celebrates grand opening . commercial property executive . retrieved 12 april 2016 . callanan neil 20 april 2015 . qatar and brookfield take full control of canary wharf . business news network . retrieved 12 april 2016 . levitt david m. 14 april 2015 . brookfield to start manhattan tower after signing skadden . bloomberg . retrieved 12 april 2016 . a b kusisto laura 27 october 2015 . brookfield bets big on brooklyn . wall street journal . retrieved 12 april 2016 . sender henny 28 october 2015 . qatar fund backs brookfield s 8bn manhattan west project . financial times . retrieved 12 april 2016 . patnaude art 4 january 2016 . brookfield acquires potsdamer platz in berlin for 1.4 billion . the wall street journal . retrieved 12 april 2016 . sender henny 4 january 2016 . brookfield and kic buy berlin real estate . financial times . retrieved 12 april 2016 . fattah zainab 20 january 2016 . brookfield plans 1 billion office tower in dubai finance center . bloomberg . retrieved 12 april 2016 . a b raval anjli 10 march 2014 . ric clark takes brookfield property group into new sectors and territories . financial times . retrieved 12 april 2016 . a b brookfield property partners office . brookfield property partners . retrieved 12 april 2016 . grant peter 24 september 2014 . saks deal is a sign of new luxury era in downtown manhattan . wall street journal . retrieved 12 april 2016 . slatin peter 27 may 2014 . brookfield makes a play for industrial sector . wall street journal . retrieved 12 april 2016 . brookfield property partners multifamily . brookfield property partners . retrieved 12 april 2016 . karmin craig 20 may 2014 . brookfield to expand hotel industry presence with purchase of thayer lodging group . wall street journal . retrieved 12 april 2016 . jinks beth 27 april 2012 . kerzner hands atlantis bahamas to brookfield palm to dubai . bloomberg . retrieved 12 april 2016 . brookfield property partners hospitality . brookfield property partners . retrieved 12 april 2016 . gower patrick ; gopal prashant 2 june 2015 . brookfield buying u.k. center parcs resorts from blackstone . bloomberg . retrieved 12 april 2016 . grant peter 5 may 2015 . big property investors hunt for bargains in brazil . wall street journal . retrieved 12 april 2016 . shah aditi 26 june 2016 . factbox investors ready 1 billion war chest for office assets in india . reuters . retrieved 12 april 2016 . fung esther 31 october 2013 . brookfield buys stake in prime shanghai property . wall street journal . retrieved 12 april 2016 . external links edit brookfield property partners brookfield place new york retrieved from https en.wikipedia.org w index.php title brookfield property partners & oldid 736128811 categories companies based in manhattancompanies established in 2013companies listed on the new york stock exchangepublicly traded companies based in new york citycommercial real estate companies navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 25 august 2016 at 10 41 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view