Business

Costco coming to NZ

Major American bulk retailer Costco is to open a store in North West Auckland, creating 350 jobs.

The world's second largest retailer has announced it has secured a site at the Westgate shopping complex.

The American company has almost 800 warehouses worldwide including 11 in Australia.

The Westgate Cosco will include a petrol station, tyre centre, food court, optometrist, hearing aid services, supermarkets and homewares.

Customers must be a Costco member to shop at the bulk-buy store.

Construction of the 14,000sqm warehouse is estimated to cost around $90 million dollars.

A date for construction to start has not yet been set as Costco is still waiting to obtain the required regulatory consents.

Costco Wholesale Australia Managing Director Patrick Noone said the company is looking forward to being an integral part of Auckland's growth.

"Costco is very excited to open our first warehouse in New Zealand and to be a part of this community. We feel Westgate is the perfect location for us."

Auckland Mayor Phil Goff said Costco would complement the Westgate complex.

"Auckland Council has identified Westgate as a key metropolitan area and invested significantly in its development, helping to attract international brands that give Aucklanders retail choice and creating hundreds of local jobs."

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