Investor Presentaiton
Prospect Masonry Sale Announced
A case study in well-executed long term land development strategy
Prospect Masonry, NSW
Property outline indicative only
BORAL
12.9 ha land area
Former Boral Masonry site at Clunies Ross
Street in Greystanes
Sale plan commenced in May 2014
• Deal executed / announced in April 2018
Proceeds of $60m giving an EBIT contribution
of $56m in FY2018
Sale timed to capture strong market with the
sale proceeding quicker than expected
Final land sale of the broader Greystanes
Estate, which included Nelsons Ridge, 'The
Quarry' industrial park and Northern
Employment lands, delivered total revenue
exceeding $650m over a decade plus
Property development and divestment pipeline
We have identified significant potential development and divestment opportunities
Approx. proceeds timing
FY2018
FY2021
Tactical
land sales
Prospect,
NSW
$60m in FY18
announced
Potential
development
pipeline
FY2024
BORAL
FY2027+
$40m+ pipeline includes:
NSW - Armidale, Wingham, Kiama, Bombo | WA - Jandakot |
SA Reynella, Stonyfell, Para Hills
Donnybrook, Vic
Potential $200m+ (to ~2040)
Waurn Ponds, Vic
Potential $100m+ (rezoned)
Scoresby, Vic
Potential $100m+
(unzoned)
Penrith Lakes (PLDC), NSW
Timing and contribution being evaluated
With Boral's deep property land bank, the pipeline will continue to refresh and build
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