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Property portfolio
BlueScope’s property portfolio includes approximately 1,200 hectares of surplus land across Australia and New Zealand, with development progressing across multiple sites.
BlueScope owns a portfolio of approximately 1,200 hectares of surplus and non operational land across Australia and New Zealand. These sites are located in strategic industrial regions, typically adjacent to or near existing BlueScope operations, and benefit from established port, logistics and energy infrastructure. The portfolio includes land at Port Kembla (NSW), Western Port (Victoria), West Dapto (NSW) and Glenbrook (New Zealand).
BlueScope is progressing value realisation from these sites through a range of leasing, partnership and development pathways, with activity underway across multiple locations.
Infrastructure and attributes
Current status
Indicative potential uses
Port Kembla comprises 200 hectares of surplus land located adjacent to the Port Kembla Steelworks, approximately 80 kilometres south of Sydney. The site benefits from established road, rail and energy infrastructure; and is adjacent to a deep-water port.
Western Port comprises 450 hectares of industrial land adjacent to BlueScope’s Western Port Works, approximately 60 kilometres south east of Melbourne.
West Dapto includes ~170 hectares of surplus land holdings located near a major residential and industrial growth corridor south of Sydney.
The Glenbrook site comprises 400 hectares of surplus land adjacent to New Zealand Steel’s operations, approximately 52 kilometres south of Auckland CBD.
Key projects
(Glenbrook, NZ)
At Glenbrook, BlueScope has already enabled a 100MW grid‑scale battery developed by Contact Energy on surplus land next to New Zealand Steel, with plans underway to expand its capacity by a further 200MW to be commissioned in 2027 (to be the largest of its kind in New Zealand). The project uses state-of-the-art Tesla technology within existing high‑voltage grid infrastructure close to Auckland demand supporting energy system resilience and decarbonisation while generating long‑term, low‑capital income from non‑operational land.
(West Dapto, NSW)
BlueScope sold 33 hectares of residentially zoned land at West Dapto for $76 million, supporting the delivery of more than 350 new homes in a key growth corridor. The sale provides a clear benchmark for the value of the surplus land portfolio and demonstrates how value can be realised while showcasing BlueScope steel products in end use.
At West Dapto, BlueScope is progressing a hardstand vehicle storage lease on surplus industrial land. This low‑capital, income‑generating use complements surrounding logistics activity, helps crystallise land value, and retains flexibility for longer‑term development.
In the news
BlueScope's announcement that it has exchanged contracts with one of Australia’s largest home builders for the sale of 33 hectares of residentially zoned land in West Dapto that had previously been flagged for sale in 1H FY2026. Completion is now expected in 2H FY2026, for a consideration of $76 million.
A major milestone for the Port Kembla Land Transformation project and a significant step forward in accelerating the activation of the site for an expanded range of permissible uses beyond heavy industry, paving the way for a vibrant new era for Port Kembla, the Illawarra and NSW.