Cardinal Maritime to create 20 Wythenshawe jobs following latest acquisition
Wythenshawe-based logistics firm Cardinal Maritime has completed its acquisition of Austrian-owned property company Promoa GMBH, further expanding its presence in Greater Manchester.
The deal hands ownership of a Wythenshawe warehouse facility and 2.8 acres of development land to Cardinal Maritime, which plans to build an additional 50,000 sq ft warehouse and create 20 local jobs.
The firm has been a tenant at the existing warehouse, a 40,000 sq ft grade II-listed property on Harling Road, for the last three years, using the site as storage space.
Brian Hay, group CEO of Cardinal Maritime, said: “Growing up in Wythenshawe, I would pass the Harling Road building on the bus and I was intrigued by its Art Deco style and the history associated with it. It may sound romantic, but I am thrilled to own it now.
“Now our 38,000 sq ft head office and Harling Road facilities are at full capacity, it was vital that we looked for additional space. The 2.8 acres next to the existing building will allow us to build our third facility in the Wythenshawe area.”
He continued: “As a company we are committed to the local area and developing local talent.
“Our aim is to train and inspire the next generation of freight professionals here in Wythenshawe.”
Manchester-headquartered law firm DWF advised Cardinal Maritime on its purchase of Promoa GMBH, while HSBC’s Manchester office provided funding.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
The value of creating a stronger careers route
Apprenticeships: Invest in talent or keep chasing it
Are you ready for salary transparency?
Confidence the key to our artificial intelligence future
The missing piece of the puzzle in the NEET crisis
The North East investment story needs two engines
We must forge change to close the skills gap
Creating the conditions for North East talent to thrive
Time to end London monopoly on arts talent
Why local government is key to devolution success
Your reputation is worth more than that invoice
There is no perfect time when selling a business