The first South Australian store will be located in Kilburn.
Axiom Properties (ASX: AXI) has signed a Heads of Agreement with U.S. retail giant Costco to develop South Australia’s first Costco warehouse outlet as part of Axiom’s $65 million retail development in the Adelaide suburb of Kilburn. Costco plans to construct a 14,000 square metre retail warehouse on the site.
We heard about this through the Proactive Investors website – Click here to access the article.
An announcement was scheduled to be made yesterday too about the Brisbane (North Lakes) store, however we still have no news of the pending decision.