Location of second NZ Costco store revealed
Property developer Kiwi Property said today it had agreed to sell a 6.4-hectare plot of land to the US-based mega store chain at its new development in Drury, south of Auckland.
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No opening date was announced.
"We are very excited to be entering into this agreement with Kiwi Property in a location as great as Drury," Chris Tingman, Costco country manager, said.
"Whilst still subject to planning and corporate approvals, our aim is to introduce our unique high-quality, low-cost merchandise to Drury, serving our significant membership base in the south of Auckland, as well as Hamilton and the Waikato region."
The site is at the southern end of the development, adjacent to State Highway 1.
The new store will be the city's second, with the Costco at the Westgate shopping centre proving hugely popular.
“Costco has been a hit with Kiwi consumers since it opened its first store in Auckland and we’re pleased to be working with them on this exciting opportunity to bring Costco further south,” Kiwi Property chief executive officer Clive Mackenzie said.
Costco's first Auckland store has been a big success for the company. Its revenue in its second full year of operation, the 52 weeks ending September 2024, was $361.5 million.
Kiwi's 53-hectare development is being built for future residential use and a mixed-use centre and will include 10,000 m² of commercial space, 56,000 m² of retail, and 2000 m² for community activities.
Last week, Infrastructure Minister Chris Bishop announced it had won fast-track approval.
“The development is projected to inject over $1.45 billion into Auckland’s economy over the next 11 years and is expected to deliver around 3,420 full-time direct employment roles in construction and related services,” Bishop said.
"This is great news for jobs and growth in this fast-growing part of Auckland."
Economic Growth Minister Nicola Willis hailed the announcement.
Legislation to create an "express lane" for new supermarket contracts was introduced to Parliament recently.
“The Government is working with Costco to ensure that we are doing everything possible to make consenting as quick and efficient as possible,” Willis said.
“It is also fantastic news for shoppers. More competition means more choice and lower prices."
She said the development, as a whole, was expected to inject $1.45 billion into the Auckland economy over the next 11 years, and create around 3420 full-time jobs in construction and related services.
“Costco’s planned expansion will add to that boost by creating more construction jobs,” Willis said.
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Poll: Should we be giving the green light to new mining projects? 💰🌲
The Environmental Protection Authority announced this week that a proposed mine in Central Otago (near Cromwell) is about to enter its fast-track assessment process. A final decision could come within six months, and if it’s approved, construction might start as early as mid-2026.
We want to know: Should mining projects like this move ahead?
Keen to dig deeper? Mike White has the scoop.
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53.2% Yes
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46.8% No
Aucklanders, we want to know: How are you feeling about the current property market?
New Zealand homeowners are now more likely to sell at a loss than at any time since 2013, and if you’re in Auckland or Wellington, the odds are even higher.
But there is a silver lining: buyers are still in a strong position when it comes to negotiating prices.
So we’re curious…
How are you feeling about the current property market?
If you’re keen to dive into the details, Deborah Morris breaks down all the latest insights.
‘Tis the season to not get scammed ...
As Christmas gift shopping moves increasingly online, scammers are ramping up their activity across the country.
Dunedin’s Investigation Support Unit is seeing more and more people fall victim to scams and other fraudulent activity, particularly on Facebook Marketplace.
There are a few ways to avoid the scams and keep yourself safe doing online trades this holiday season, says Southern District Service Delivery Manager Senior Sergeant Dalton.
🔒 “A good first step when looking to purchase something on Marketplace is to check when the seller’s Facebook profile was created. If it’s very recent, there is a higher risk that they have just created this account for a one-off fake item.”
🔒 Another important step is to make sure the seller’s profile name and bank account name match up. “We’re seeing a lot of scammers claiming their bank account name is different because it belongs to their partner or family member - that’s a huge red flag."
🔒 “When you’re selling, never trust a screenshot anyone sends you showing that payment has been made. Check your own bank account to make sure a payment has gone through."
🔒 “Quite frankly, it’s best for all parties to agree to pay, or be paid, for items in cash and in-person. Ideally in a public place with CCTV coverage."
🔒 "If you’re buying a car, check Carjam.co.nz to see if it’s stolen or if there’s money owed on it.”
A reminder: Suspicious activity can be reported on 105
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