Costco and Green Capital Group choose Cockle Creek for new developments.
Opening day at Perth Costco ~ Image credit
The NSW Government announced Costco Wholesale Australia and Green Capital Group will join the Cockle Creek precinct in Lake Macquarie.
The announcement comes less than a year after Government took ownership of the site.
The 14,000 square metre warehouse and fuel station will be on the new Cardiff-Boolaroo bypass on former Pasminco land, opposite Bunnings. As part of the development, Costco will improve footpaths, landscaping and roads around parts of the site.
Minister for Water, Property and Housing, Melinda Pavey MP, said that the projects will inject approximately $300 million into the local economy and create hundreds of jobs.
The fact that Costco is choosing Cockle Creek as the location for its first regional operation in NSW is a major coup and that allows for hundreds of new jobs and ongoing economic stimulus,” Mrs Pavey said.
The Green Capital residential development will also deliver much needed new homes, creating more than 500 new dwellings as part of a multi-staged development, and contributing approximately 400 FTE jobs during construction.”
Costco Wholesale Australia Country Manager, Patrick Noone. said he was keen to to open the doors as soon as possible.
We are delighted to announce that Costco Wholesale will have its first NSW regional warehouse in Lake Macquarie, and fourth in the state,” Mr Noone said
We are now looking forward to commencing with the approvals process so we can commence construction.”
Member for Lake Macquarie Greg Piper MP said he was delighted that Costco and Green Capital had chosen Cockle Creek as the place to expand their regional operations, and will see Costco generate approximately 80 FTE jobs during construction and up to 225 ongoing local jobs.
Typical Costco retail warehouse interior ~ Image credit
Green Capital Group Director Darren van Aardt was very pleased to ink the agreement with HCCDC as an important and long-awaited milestone.
Today’s announcement is a significant achievement and we are very glad to be progressing our plans to bring hundreds of homes to the Lake Macquarie area,” Mr van Aardt said.
We have been invested in this opportunity for some time, and so we are really excited to now move forward.”
Through the Lake Macquarie Smelter Site (Perpetual Care of Land) Act 2019, the Hunter and Central Coast Development Corporation (HCCDC) was tasked with releasing land for housing and business development.
The Act enabled HCCDC to direct deal with parties that had formerly been in negotiation or had entered into contracts with the site’s administrator, to best achieve outcomes in line with our objectives for the site,” Minister Pavey said.
In addition to the Costco and Green Capital projects, HCCDC has also worked with the Environmental Planning Authority (EPA) and Department of Planning, Industry and Environment (DPIE) to meet the environmental requirements of the site and remove restrictions to development.
Lake Macquarie City Council Head of Development and Planning Glenn Bunny said the new development signified an exciting time for Lake Macquarie, and specifically for this part of the City which has recently seen significant investment from both government and the private sector.
We’ve been working closely with Costco for some time. Council staff will assess the application and the determination will eventually be made by the independent Hunter and Central Coast Regional Planning Panel,” said Lake Macquarie City Council Head of Development and Planning Glenn Bunny.
The Costco plans follow a record $1.5 billion worth of development applications approved in the 2019-2020 financial year, and really demonstrates how Lake Mac is increasingly becoming the city of choice for investment and development.”
The new warehouse and fuel station are expected to open within 12 months, pending approval.