The U.K. manufacturer Oyster Yachts is expanding its facilities.
The company is acquiring an additional 27,000 square feet at the Hythe Marine Park, Southampton, which will be a dedicated facility for its recently launched 495 yacht.
Oyster Yacht owner and CEO Richard Hadida said in a statement, “With several Oyster 495s already sold, investment in this dedicated production facility fits seamlessly with our growth strategy. We have great plans for Hythe Marine Park, this location is already a center of excellence for boatbuilding, and it is the ideal location for our expansion of Oyster.”
The move is a 70 percent increase in facility space, in support of the company’s ongoing investment and growth strategy in the U.K. The builder said it will increase its Southampton workforce by 70 employees.
The expansion into new facilities Hythe is being overseen by Oyster’s newly appointed chief operations officer, Peter Hamlyn.
Said Hamlyn: “This commitment is a huge boost for the local boatbuilding community, which will see further investment and job opportunities from a world class boatbuilder like Oyster Yachts.”