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COSTCO TO GO REGIONAL WITH FOURTH NSW PROJECT Costco is set to develop its fourth site in NSW, at Lake Macquarie in the Hunter region, lodging a development application last month for a $60 million warehouse and fuel station. Costco says the project, on a 14,000sqm site, will also involve the improvement of footpaths, landscaping, and roads around parts of the site. Lake Macquarie Mayor Councillor Kay Fraser says the council welcomes the opportunity to facilitate major developments in Lake Macquarie that will enhance economic growth and job creation for businesses large and small. “I’m thrilled to see the development application from Costco,” she said. “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. “It’s taken a significant amount of work to get to this point and I acknowledge the work of council, \[Lake Macquarie economic development company\] 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.” Costco Wholesale Australia 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 said. “We’re investing $60 million in the local community to support long-term job opportunities and growth in the area. “We’re thrilled to continue our investment in NSW with this new location in Lake Macquarie. We’ve been looking for a suitable location for some time in the greater Newcastle area and this site really ticks all our boxes. Costco sees this region as dynamic and fast-growing and we believe that we can bring great value in relation to a wide range of products and services to the community.” The new development is expected to open within 12 months, pending approval. NEWS Smart Media Product content made easy Ingredients and nutritional information How do customers view your brand online? Do they have all the information they need to pick your product? Smart Media’s Content Creation service provides you with everything your customer needs. Country of origin Marketing Messages CONTACT US NOW AUG, 2020 RETAIL WORLD 11