Costco approved to lodge fast-track application for Christchurch store

A proposed Costco megastore near Christchurch Airport has been approved to enter the Government's fast-track approvals process. Minister Tama Potaka confirmed the referral application was approved on Thursday, allowing the US-based company to lodge a substantive application. The development is expected to deliver significant regional or national benefits, including increased grocery competition.

The 17.68-hectare development on land between Avonhead Road and Memorial Avenue will include a 16,090-square-metre warehouse. The site will also feature a tyre centre, a food court, a fuel station, and approximately 7,900 square metres of additional large-format retail space. The project is estimated to cost $90 million, including $65 million for the building.

The project is expected to generate approximately $57 million in annual GDP and support 486 full-time jobs once operational. During construction, the development is estimated to generate $63 million in GDP and 350 full-time equivalent jobs.

The proposed store will be larger than the existing Auckland Westgate location. Costco estimates it will take approximately 16 months to build the store once final approval is received.

How it developed

• Fri 16 Oct, 4:00amCostco estimates the build will take 16 months from final approval and expects 95% of construction work to be done by local contractors.

Where reports differ

• One report states the construction phase will generate 350 full-time equivalent jobs, while another specifies 350 full-time years of employment.

Compiled from reports by RNZ, Stuff, Otago Daily Times, 1News, NZ Herald and The Press.