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Costco moving into $1 billion business park

Costco-IpswichDiscount warehouse retailer, Costco, has confirmed its second Queensland location at Walker Corporation’s $1 billion Citiswich Business Park in Ipswich.

Costco has secured an Ashburn Road site opposite the Puma Travel Centre, Bundamba on a site comprising some 6.5 hectares.

“We are thrilled to be continuing our investment in South East Queensland with this new location in Ipswich,” said Costco managing director, Patrick Noone.

“We have been trading in North Lakes since 2014 with great success and are excited to be bringing Costco to a dynamic, ever growing region. We will continue to actively engage with our Queensland based suppliers, look to recruit over 280 staff from the local area and bring great prices in relation to a wide range of products and services,” he added.

Site preparation works will commence immediately with Costco’s construction program scheduled for an opening of this second Costco store in Queensland aimed for 2018.

“We are seeing international, national and local businesses recognising the strategic location of Citiswich for their customers and operations,” said Peter Saba, Queensland GM for Walker Corporation.

“The new motorway has opened up the whole South East Queensland region with a very wide retail and business catchment, while cutting travel times to the Port of Brisbane, CBD, key business and residential centres.”

The bulk discount retailer opened its third Sydney outlet, and ninth store nationwide, at Marsden Park in Sydney’s northwest last month.

This article was first published on Inside Retail.

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