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Australia : New home improvement stores to create thousands of jobs.

The State Government today welcomed the announcement by Masters Home Improvement that they will build 11 new stores in Adelaide over the next six years.

The expansion means an investment of up to $500 million in the South Australian economy and the creation of up to 4500 jobs.

Treasurer Tom Koutsantonis will this morning help turn the sod to mark the start of works on the first two Masters stores at Adelaide Airport and Parafield Airport.

Across Adelaide, the 11 new Masters Home Improvement stores will create 3000 direct and indirect jobs during construction and up to 1500 ongoing retail positions, Mr Koutsantonis said.

It is great to see the private sector choosing to invest in South Australia with projects like these.

Home improvement is a growing market and not only will these stores give customers more choice, but provide opportunities for local contractors and ongoing employment for South Australians.

In particular, job opportunities for our State s young people, as more than 30 per cent of Masters national retail workforce is aged under 25.

The store at Adelaide Airport will open prior to Christmas and the Parafield Airport store soon after. The two sites alone will create up to 800 construction and ongoing retail jobs.

Masters Home Improvement, a joint venture between Woolworths Limited and US chain Lowes, opened its first South Australian store in Mount Gambier in August 2012.

Director of Masters Melinda Smith said: We are tremendously excited about this significant investment in the South Australian economy. Masters will bring an unparalleled variety of home and hardware products, at Australia s best price to South Australian customers.

Today s announcement follows the start of construction earlier this month on a new $65 million Brickworks Marketplace development at Torrensville. It will feature a Woolworths, Big W and specialty shops, and create more than 800 jobs.

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Publication:Mena Report
Geographic Code:8AUST
Date:Apr 25, 2014
Words:320
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