The location of a second Costco store in the Auckland region has been 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.
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.”
American wholesale giant announces NZ expansion with second store – Watch on TVNZ+
US-based mega store chain announced plans for its new development in Drury, south of Auckland. (Source: 1News)
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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