20th Aug 2025 07:15
CSR ENTERS INTO AGREEMENT FOR SALE OF A MAJOR PROPERTY ASSET IN AUSTRALIA; A$900 MILLION OF CSR PROPERTY ASSETS ALREADY MONETIZED SINCE THE ACQUISITION BY SAINT-GOBAIN
CSR has entered into an agreement for the sale of its Badgerys Creek property located adjacent to the new Western Sydney Airport, for consideration of A$575 million (c. €320 million).
The transaction is scheduled for completion on December 19, 2025.
The site is part of CSR's property assets valued at least A$1.3 billion and identified as monetizable in the medium term by Saint-Gobain at the time of the acquisition of CSR in July 2024.
With the sale of Badgerys Creek and other CSR property assets already sold, this will bring CSR property assets already monetized to A$900 million.
About Saint-Gobain
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group, celebrating its 360th anniversary in 2025, remains more committed than ever to its purpose "MAKING THE WORLD A BETTER HOME".
€46.6 billion in sales in 2024
More than 161,000 employees, locations in 80 countries
Committed to achieving net zero carbon emissions by 2050
For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on X @saintgobain
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