Brisbane’s first Costco warehouse will open on a 6.7 hectare site at Brisbane Airport in 2029.
The development, which will employ 250 people, will feature a 15,600 square metre warehouse and fuel station opposite the international terminal.
It will be Costco’s first warehouse in Brisbane itself, and the fourth store in Queensland. The retailer has warehouses at North Lakes, Ipswich and on the Gold Coast.
The warehouse will be a core feature of a 51-hectare parcel of land being developed by the airport.
Brisbane Airport CEO Gert-Jan de Graaff said Costco would be a popular drawcard for the new precinct.
“Costco’s commitment marks the beginning of a new chapter for Brisbane Airport and is the first of many announcements to come as we bring to life a new mixed-use precinct for the city,” he said.
“Costco is just the beginning. Even a retailer of this scale will occupy only 12 percent of this huge development site, leaving significant opportunities for other businesses to establish themselves alongside one of the world’s most recognised retail brands.”
Costco Country Manager for Australia and New Zealand Chris Tingman said the new Brisbane Airport warehouse was a strong vote of confidence in the area’s growth, with an investment of more than $145 million in retail development.
“It is great news for our members across Brisbane,” he said.
“Costco provides its members with exclusive access to quality brand-name merchandise at lower prices than typically found at conventional wholesale or retail stores.
“The warehouse will have 870 car parking spaces and will feature a fuel station with 34 bowsers for quick refuelling.”
An annual Costco membership costs $65 for businesses and individuals, and $130 for Executive Membership.
