Saint-Gobain to sell CSR land near Sydney for A$575m

Saint-Gobain's subsidiary CSR has agreed to sell its Badgerys Creek site near Sydney for A$575m (approximately €320m). The transaction is expected to finalize on December 19 and is part of CSR's real estate assets identified as monetizable by Saint-Gobain. The sale of the site and other CSR assets will bring CSR's monetized real estate assets to A$900m.

Saint-Gobain's subsidiary, CSR, has agreed to sell its Badgerys Creek property in Australia for A$575 million, approximately €320 million. The transaction, scheduled to be completed on December 19, 2025, is part of CSR's real estate assets identified as monetizable by Saint-Gobain [1].

The Badgerys Creek site, located adjacent to the new Western Sydney Airport, is one of the properties within CSR's portfolio that Saint-Gobain has designated for monetization. The sale of this site and other previously sold assets will bring the total value of CSR's monetized real estate assets to A$900 million [1].

Saint-Gobain acquired CSR in July 2024 and identified at least A$1.3 billion worth of CSR property assets that could be monetized. The disposal of Badgerys Creek and other CSR property assets that have already been sold will bring CSR property assets already monetized to A$900 million [1].

The buyer for the Badgerys Creek property has not been identified, and Saint-Gobain was not immediately available for further comment. This transaction is part of Saint-Gobain's strategy to enhance its financial position and focus on its core business activities [2].

References:
[1] https://www.morningstar.com/news/dow-jones/202508201452/saint-gobains-csr-to-sell-badgerys-creek-property-in-australia-for-3711-million
[2] https://www.investing.com/news/company-news/saintgobain-to-sell-major-csr-property-asset-for-a575-million-93CH-4201217