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BlueScope sold 33 hectares in NSW for $76M to build 350+ homes by 2027, boosting regional growth.
BlueScope sold 33 hectares of residential land in West Dapto, NSW, for $76 million to an unnamed builder, with plans for over 350 homes by 2027 using BlueScope materials.
The sale won’t affect its 2026 first-half profit forecast, supported by strong late-2025 performance.
CEO Mark Vassella highlighted the move as part of unlocking value from BlueScope’s 1,200+ hectare non-operational land portfolio.
The development supports residential growth in the Illawarra, following the rezoning of 200 hectares near Port Kembla to SP4 zoning, enabling faster approvals for broader commercial and industrial use.
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BlueScope vendió 33 hectáreas en Nueva Gales del Sur por $76 millones para construir más de 350 viviendas para 2027, impulsando el crecimiento regional.