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Tycoon Costco Gets the Green Light For a Store in Getafe (Madrid), 500 Jobs Guaranteed

8/01/2014 – Expansion

The City Council of Getafe has given the authorisation for construction of a shop and a central premises to giant Costco, the second-largest distribution group of the United States and ranking the seventh in the world. This store would be the next to open in Spain, as the warehouse club already has one in Seville.

Costco is going to settle down in the Los Gavilanes industrial area, Getafe, and its plan foresees hiring 420 people for the warehouse store, and one hundred more for its headquarters.

The distribution group will occupy a space of  around 15.891 square meters, of which almost 14.000 sq m will be intended for the retail space, whereas the remaining 2.000 sq m for the Spanish headquarters. In addition, Costco will open a workshop and a café.

Trading on the Nasdaq stock market, Costco employs 161.300 workers worldwide, it has 622 establishments and earns €76.8 billion annually.

 

Original story: Expansión

Translation: AURA REE