Investor Presentaiton
Property Strategy delivering strong results
End of operating life (Residential): Chirnside Park, VIC
OVERVIEW
> Monier owned land in a key urban growth area north
east of Melbourne which was used as a clay quarry
> Chirnside Park country club had aspirations to re-locate
its golf course in the area
> A sale and purchase agreement was negotiated for CSR
to acquire the former golf course for residential
development and sell the country club the clay quarry for
a new golf course
› Group Property obtained the rezoning for a 581 lot
residential sub division
DELIVERED
DELIVERED
DELIVERED
BRENDALE, QLD (20km from Brisbane)
CSR is completing the final stages of its
Brendale Industrial estate which has
approximately 35ha under development
› Contracts have been exchanged on 15
lots (8ha) at a gross sales amount
of $19.5m. Construction expected to be
completed in late 2019.
Current development projects - Queensland
SOLD BY CSR
2011
INDUS
DELIVERED
DELIVERED
DELIVERED
OUTCOME
» Enabled Monier to extract the remaining clay resources
prior to the sale
› CSR Building Products benefits from additional product
pull through
EBIT
> $44m EBIT to March 2019 with settlement of 517 lots
WARNER, QLD (20km from Brisbane)
> The Warner landholdings are currently
being used as an operational quarry
Morton Bay Council have identified our
land within previous urban land
investigation studies
› CSR has lodged an application for a
residential zoning
Operating site (Industrial): Horsley Park, NSW
PGH
Stage 1
Operating
Site
CSR
WARNER
RESIDENTIAL
DELIVERED
DELIVERED
DELIVERED
BRENDALE
INDUSTRIAL
OVERVIEW
The site is currently being used for brick manufacturing. Clay
resources onsite were exhausted which provided an opportunity to
rehabilitate the site as an industrial park. The site totals 50 hectares
(ha) and can be categorized into 3 stages:
› Stage 1 (10ha): recently sold to Frasers Property Group for $58m
and recognized in YEM19 results
› Stage 2 (20ha): subject to an EOI process while it is being
developed
› Stage 3 (20ha): currently a PGH Brick operating plant
STRATEGY
> Finalise remediation +
earthworks and take through to
full development
> Aim to transact Stage 2 in YEM
2021/2022
CONSIDERATIONS
Operating site is surrounded
by industrial development.
This is primarily due to a
shortage of zoned and
serviced industrial land in
Western Sydney, NSW
300
Landfill
Lot
Stage 2
E2 Enviro
Land
Property delivering average EBIT from completed and contracted transactions
of over $50m per year from 2021 to 2025
30 CSR
38
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