on SAINT-GOBAIN (EPA:SGO)
CSR Reaches Agreement to Sell Major Australian Property
CSR has announced an agreement to sell its Badgerys Creek property, located near the new Western Sydney Airport, for A$575 million (approximately €320 million). The transaction is anticipated to close on December 19, 2025.
This site is part of CSR’s property assets, valued at a minimum of A$1.3 billion, which were identified as monetizable when Saint-Gobain acquired CSR in July 2024. With this sale, CSR's monetized property assets will reach A$900 million.
The sale aligns with Saint-Gobain's strategy of capitalizing on its CSR acquisition, optimizing asset value while reinforcing its commitment to sustainable growth.
R. P.
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