Costco is set to develop its fourth warehouse in NSW, lodging a development application last week for a $60 million warehouse and fuel station in Lake Macquarie City.
Situated on a 14,000sqm site perfect for a warehouse and fuel station. We will also improve footpaths, landscaping, and roads around parts of the site.
Lake Macquarie Mayor Cr Kay Fraser says Council welcomes the opportunity to facilitate major developments. Which will enhance economic growth and job creation for businesses large and small in the Lake Macquarie area.
“I’m thrilled to see the development application from Costco,” she says. “Their commitment shows the confidence in our City and demonstrates what we can achieve when we work closely with the private sector to create new investment opportunities.
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“It has taken a significant amount of work to get to this point and I acknowledge the work of Council, Dantia, our local MPs, Hunter and Central Coast Development Corporation and the NSW Government in being able to deliver this opportunity.
“It’s a wonderful investment in our community, particularly as the first regional store in NSW outside of greater Sydney. The potential of this area is incredible and it’s the next significant step in realising the countless benefits for jobs, our local economy, lifestyle and businesses.”
‘Significant’ development for Costco
Costco Wholesale Australia’s Country Manager Patrick Noone says the development will generate more than 80 full-time-equivalent jobs during construction and more than 225 full-time jobs once open.
“The Lake Macquarie outlet is a significant development for Costco,” he says. “We are investing $60 million in the local community to support long-term job opportunities and growth in the area. Continue to invest in NSW with this new location in Lake Macquarie and Have been looking for a suitable location for some time. This site in the greater Newcastle area really ticks all of our boxes.”
“Costco sees this region as dynamic and fast-growing. We believe that we can bring great a wide range of products and services to the community.”
The new development opens within 12 months, pending approval. For more news click here