BlueScope accelerates value drive from surplus industrial land portfolio

Bluescope Steel ( (AU:BSL) ) has issued an update.

BlueScope Steel is leveraging its sizeable surplus industrial land holdings in New South Wales, Victoria and New Zealand to generate additional value alongside its core steelmaking operations. Located in high-demand industrial corridors, more than 60 per cent of this 1,200-hectare portfolio is already zoned for development, with further master planning underway to expand developable areas.

The company has stepped up execution of its land strategy through a mix of leases, partnerships and outright sales, highlighted by a planned 10-hectare hardstand car storage facility at West Dapto under a 10-year lease with Prixcar, expected to deliver about $40 million in value by 2029. It has also launched an expressions-of-interest process for a 65-hectare logistics hub near its Western Port facility and is building on recent milestones, including a $76 million residential land sale, a major battery energy storage system lease in New Zealand and the rezoning of 200 hectares at Port Kembla, with further property milestones anticipated in FY2027.

The most recent analyst rating on (AU:BSL) stock is a Buy with a A$30.00 price target. To see the full list of analyst forecasts on Bluescope Steel stock, see the AU:BSL Stock Forecast page.

More about Bluescope Steel

BlueScope Steel is an Australia-based steel producer with operations across Asia-Pacific, supplying coated and painted steel products and related solutions to construction, infrastructure and manufacturing customers. The company also manages a substantial surplus industrial land portfolio in established logistics and industrial regions with access to ports, transport and energy infrastructure.

Average Trading Volume: 1,679,401

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$11.99B

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