Horsley Park land sale near the Western Sydney Airport site could nudge $100m

Land previously used as a quarry near the Western Sydney Airport site is being rehabilitated and put up for sale with a price tag expected to nudge $100 million.

CSR is currently selling 20ha of its Horsley Park site. Last year a site half its size fetched $58m. Picture CSR

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A brick maker offloaded ten hectares in Horsley Park for more than $50 million last year and now they are looking to sell land twice the size to the highest bidder.

CSR Limited, a 160-year-old business known for making PGH Bricks, had 72 hectares of land based in the employment area of Western Sydney Airport, but last year sold 10 hectares to Fraser Property Group for $58 million.

CSR sold 10ha of its Horsley Park land to Frasers Property Group for $58m in April 2018. Picture: Frasers Property Group

Now it’s looking to sell another 20 hectares of the industrial land — at a time when investor interest in the area is heating up.

“It’s surplus (land), we don’t have any operational need for it,” Andree Taylor said, the general manager of investment relations at CSR.

“It’s just an opportunity to enable other industrial developers to own.”

The land was previously used as a quarry for the extraction of building materials. CSR is currently filling it up and rehabilitating it, a process expected to be completed in a year’s time.

Ms Taylor wouldn’t speculate on how much the land could fetch, but she noted the sale a year earlier, where land half its size surpassed $50 million.

She said the remaining land at CSR’s Horsley Park site would be kept by the company.

CSR owns five brickworks facilities across western and south-west Sydney. Another one of its sites sits at the heart of the major redevelopment of a neighbouring suburb.

CSR's Horsley Park site was used as a quarry and to manufacture bricks. Picture: Planning Documents

Fairfield City Council revealed thousands of homes would be built under a sweeping redevelopment of Cecil Park earlier this year.

And the town centre of this redevelopment, where a train station and high rise apartments could be built, is CSR’s PGH Bricks & Pavers.