Greenstone confirms second new retail site

Greenstone confirms second new retail site

Greenstone Energy, the New Zealand company that in April purchased the retail and distribution assets of Shell New Zealand, today confirmed it will invest in a new retail site in Auckland.

The new service station is the second retail investment commitment that Greenstone has made since April. The new site will cost up to $2 million to develop and will be located on the corners of Tarahoto and Northcote Roads, opposite the Smales Farm complex.

Greenstone Chief Executive Mike Bennetts said the signing of the lease was another demonstration of Greenstone’s commitment to investment in New Zealand and to growth.

“We have signed the lease, secured the required resource consents and expect to have the site serving Auckland motorists in October,” he said.

The site was formerly operated as a retail service station by a competitor and closed in July 2009.

Mike Bennetts said the site would require an extensive amount of work including re-tanking, the latest Shell branding and a major upgrade to the retail shop, bringing a top class service station back to the people of the North Shore.

“Shell Lakeside, as the site will be known, is a very important addition to our North Shore retail network. We expect this to be an extremely busy site that will serve the growing North Shore area very well indeed.”

ENDS

© Scoop Media