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SYDNEY - Saint-Gobain announced Wednesday that its subsidiary CSR has entered into an agreement to sell its Badgerys Creek property in Australia for A$575 million (approximately €320 million).
The property, located adjacent to the new Western Sydney Airport, is scheduled to change hands on December 19, 2025, according to a company press release.
The Badgerys Creek site is part of CSR’s property portfolio that Saint-Gobain identified as monetizable when it acquired CSR in July 2024. At that time, the company valued these assets at a minimum of A$1.3 billion.
With this transaction and previous property sales, Saint-Gobain will have monetized A$900 million worth of CSR property assets since the acquisition, representing a significant portion of the identified property value.
Saint-Gobain, which is celebrating its 360th anniversary in 2025, reported sales of €46.6 billion in 2024 and employs more than 161,000 people across 80 countries. The company describes itself as a worldwide leader in light and sustainable construction, focusing on materials and services for construction and industrial markets.
The French multinational has committed to achieving net zero carbon emissions by 2050, according to the statement.
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