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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Even Australians get it - so why not Kiwis???
“Ten years ago, if a heatwave as intense as last week’s record-breaker had hit the east coast, Australia’s power supply may well have buckled. But this time, the system largely operated as we needed, despite some outages.
On Australia’s main grid last quarter, renewables and energy storage contributed more than 50% of supplied electricity for the first time, while wholesale power prices were more than 40% lower than a year earlier.
[…] shifting demand from gas and coal for power and petrol for cars is likely to deliver significantly lower energy bills for households.
Last quarter, wind generation was up almost 30%, grid solar 15% and grid-scale batteries almost tripled their output. Gas generation fell 27% to its lowest level for a quarter century, while coal fell 4.6% to its lowest quarterly level ever.
Gas has long been the most expensive way to produce power. Gas peaking plants tend to fire up only when supply struggles to meet demand and power prices soar. Less demand for gas has flowed through to lower wholesale prices.”
Full article: www.theguardian.com...
If even Australians see the benefit of solar - then why is NZ actively boycotting solar uptake? The increased line rental for electricity was done to make solar less competitive and prevent cost per kWh to rise even more than it did - and electricity costs are expected to rise even more. Especially as National favours gas - which is the most expensive form of generating electricity. Which in turn will accelerate Climate Change, as if New Zealand didn’t have enough problems with droughts, floods, slips, etc. already.
Time to Tickle Your Thinker 🧠
If a zookeeper had 100 pairs of animals in her zoo, and two pairs of babies are born for each one of the original animals, then (sadly) 23 animals don’t survive, how many animals do you have left in total?
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
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Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
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9.5% For. Self-service is less frustrating and convenient.
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43.3% I want to be able to choose.
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47.2% Against. I want to deal with people.
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