Discount Retailer Costco will open a Marsden Park store in Sydney’s North West, located within the 256-hectare Sydney Business Park precinct.
Spanning 13,575 square metes, the Costco store will be the largest tenant within the precinct and includes a Costco fuel station, tyre centre, food court, optometrist, hearing aid services and fresh food production.
The new store is Sydney's third Costco outlet and will create an estimated 280 new full-time equivalent jobs for the North West Sydney community.
Sydney Business Park has secured approximately $600 million in investment to date, on track as part of the broader $3 billion project.
Once Costco has been established in the area, Sydney Business Park will move on to new plans, including a 6,000 square metre pub and craft brewery and a set of four 32,000 square metre office tower buildings
Sydney Business Park Project Manager Owen Walsh said Costco Wholesale Australia is a welcome addition to Sydney Business Park.
“Our work with Marist 180 and the Beacon Foundation is starting to make an impact in the local community. The placement of almost 3,000 jobs, on our way to 30,000 jobs is really fast tracking the economic growth for the region,” Walsh said.
Sydney Business Park has an ongoing partnership with Marist 180 and Beacon Foundation, to provide training and job placement opportunities and supporting local schools with businesses in the project.
Walsh said in the last five years, the Marsden Park community has completely transformed with the establishment of major new retailers opening their doors and effectively giving a whole new lease of life to this previously undeveloped region of Sydney.
“New retail has created new jobs and that has attracted people to relocate here to be closer to where they work or to find work," he said.
"The next five years will see even more dramatic transformation with major commercial towers to be built as well as a major town centre.
"By 2025, the surrounding North West Growth Centre is expected to support 177,000 new residents and 61,900 new homes."Costco joins other retailers including ALDI, Baby & Toddler Town, Beacon Lighting, Bunnings Warehouse, Carpet Call, Coles Express, Costco Wholesale, Forty Winks, Home Consortium Marsden Park, Home Hub Marsden Park, IKEA, JB Hi-Fi Home, Knotts Pine, Lindt Factory Outlet, Reece, Repco, Shell, Snooze, and The Good Guys.
Costco is expected to open its Marsden Park doors 30 August 2017.