CSR Limited (ASX:CSR) sells land at Badgerys Creek for $20.7m

• CSR Limited (CSR) announced today the sale of 4.6 hectares of property at its Badgerys Creek, NSW, facility for a total of $20.7 million
• The property is located in New South Wales and includes 200 hectares of land adjacent to the new Western Sydney Airport
• The company is currently undertaking rehabilitation of the former quarries at the site and will not be required to complete any site work prior to the sale
• The sale is expected to be completed before the end of the company’s fiscal year at the end of March
• CSR Limited opened the day trading at $5.70

CSR Limited (CSR) announced today the sale of 4.6 hectares of property at its Badgerys Creek, NSW, facility for a total of $20.7 million.

The property is located in New South Wales and includes 200 hectares of land adjacent to the new Western Sydney Airport.

CSR will not be required to complete any site works prior to completing the sale, which will not impact future planning for the wider area.

Industrial zoning of the area was confirmed in September 2020 with CSR currently undertaking rehabilitation of the former quarries at the site.

“CSR’s Badgerys Creek site is one of the largest properties adjacent to the new Western Sydney Airport which will bring significant growth to the region,” said CSR Managing Director and CEO Julie Coates.

The sale is expected to be completed before the end of the company’s fiscal year at the end of March.

“With approximately 140 hectares of developable land at Badgerys Creek, we are continuing to invest in the extensive rehabilitation and reconstruction of the former quarries at Badgerys Creek, which will be continuing over the next few years,” said CSR Chief Financial Officer David Fallu.

CSR Limited opened the day trading at $5.70.