Work begins on Costco store

CONTRUCTION work has commenced on Australia's first Costco store at ING Real Estate's Waterfront City.

ING Real Estate development CEO Greg Boyd confirmed Hansen Yuncken has been awarded the building contract which is scheduled to open to the public in third quarter 2009.

The 14,000 sqm Docklands store will be Costco’s first store in region. The company is the fourth largest retailer in the United States and eighth largest in the world with 537 stores.

Costco will be located directly on Footscray Road (with direct access from Melbourne’s suburbs off the CityLink) under the Southern Star observation wheel, Waterfront City. 550 dedicated car parks will also be provided for Costco customers.

Australian Property Journal