AUSTRALIA | Brisbane Airport has secured Brisbane's first Costco warehouse, bringing one of the world's most recognisable retailers to a major new destination.
Costco will occupy a 6.7-hectare site, featuring a 15,600m2 warehouse and fuel station. Set to open in late 2029, this will be Costco's first location in Brisbane City and the fourth store in Queensland.
Brisbane Airport has been developing a new 51-hectare parcel of land, centrally located and directly opposite the International Terminal, covering an area more than three times the size of South Bank Parklands.
Perimeter drainage works have started on the mammoth site. Road network improvements and upgrades will form part of this development and other surrounding future projects in the area.
Brisbane Airport CEO Gert-Jan de Graaff said Costco would be a popular drawcard for the new precinct.
“Costco’s commitment marks the beginning of a new chapter for Brisbane Airport and is the first of many announcements to come as we bring to life a new mixed-use precinct for the city,” he said.
“Costco is just the beginning. Even a retailer of this scale will occupy only 12 percent of this huge development site, leaving significant opportunities for other businesses to establish themselves alongside one of the world's most recognised retail brands.”
Costco Country Manager for Australia and New Zealand Chris Tingman said the new Brisbane Airport warehouse is a strong vote of confidence in the area's growth, with an investment of over AUD 145 million in retail development.
“Costco provides its members with exclusive access to quality brand-name merchandise at lower prices than typically found at conventional wholesale or retail stores. Our quality products range across groceries, electronics and apparel, along with our exciting fresh foods business,” he said.
“We will also offer substantial value in optical and hearing aid centres, a tyre centre and our food court. The warehouse will have 870 car parking spaces and will feature a fuel station with 34 bowsers for quick refuelling. It will employ approximately 250 full-time staff once complete.”
With over 900 sites worldwide and 15 other warehouses across the country, Tingman was confident the dynamic, fast-growing region would benefit from the unique shopping experience Costco offers.
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