Saint-Gobain to Sell CSR's Badgerys Creek Property for A$575 Mln

Saint-Gobain has agreed to sell CSR's Badgerys Creek property in Australia for A$575 million (around 320 million euros). The sale is part of CSR's A$1.3 billion worth of property assets identified for monetization by Saint-Gobain after the acquisition in July 2024. This is the third asset sale since the acquisition, following the sale of A$900 million worth of CSR assets.

Saint-Gobain, the global leader in light and sustainable construction, has agreed to sell CSR's Badgerys Creek property in Australia for A$575 million (approximately €320 million). The sale is part of a broader strategy to monetize CSR's property assets, which were identified as potentially valuable upon Saint-Gobain's acquisition of CSR in July 2024. This transaction, scheduled to close on December 19, 2025, is the third asset sale since the acquisition, following the monetization of A$900 million worth of CSR assets [1].

The Badgerys Creek site, located adjacent to the new Western Sydney Airport, is a significant property asset within CSR's portfolio. Saint-Gobain has identified at least A$1.3 billion worth of CSR property assets that could be monetized in the medium term [2]. The disposal of Badgerys Creek will bring the total value of CSR property assets already monetized to A$900 million [3].

Saint-Gobain's acquisition of CSR has been part of its strategic focus on enhancing financial flexibility and focusing on core operations. The company's commitment to sustainability and innovation is reflected in its ongoing efforts to monetize these property assets while maintaining its core business operations [4].

References:
[1] https://www.finanzwire.com/press-release/csr-enters-into-agreement-for-sale-of-a-major-property-asset-in-australia-a900-million-of-csr-property-assets-already-monetized-since-the-acquisition-by-saint-gobain-Nve9KVC2LiF
[2] https://www.morningstar.com/news/dow-jones/202508201452/saint-gobains-csr-to-sell-badgerys-creek-property-in-australia-for-3711-million
[3] https://www.tipranks.com/news/company-announcements/saint-gobains-csr-monetizes-major-australian-property-asset
[4] https://www.marketscreener.com/news/saint-gobain-s-csr-to-sell-badgerys-creek-property-in-australia-for-371-1-million-ce7c51d2db88f42d