SYDNEY: CSR Ltd. has entered into a binding agreement to sell its Badgerys Creek property, located adjacent to the new Western Sydney Airport, for A$575 million (approximately €320 million), the company announced Wednesday.
The transaction is expected to close on Dec. 19, 2025, and marks a significant step in CSR’s ongoing property monetization strategy. The site is part of a broader portfolio valued at over A$1.3 billion, identified by Saint-Gobain as monetizable in the medium term following its acquisition of CSR in July 2024.
With the Badgerys Creek sale and other divestments completed, CSR will have monetized A$900 million of its property assets to date.
Saint-Gobain, a global leader in light and sustainable construction, acquired CSR to strengthen its footprint in the Asia-Pacific region. The French multinational reported €46.6 billion in sales in 2024 and employs more than 161,000 people across 80 countries. The group is celebrating its 360th anniversary in 2025 and remains committed to achieving net zero carbon emissions by 2050.