British business Whisky Partners has opened a new bonded warehouse in Alloa, Scotland, as part of its commitment to making whisky investment and acquisition more straightforward.
With global economic uncertainty rife, many people are looking for alternatives ways to protect their finances, and one of the areas that has garnered significant interest in recent times is investing in whisky.
Whisky Partners new warehouse, which amounted to a seven figure investment, is just the start of a long-term project for the business, with additional warehouses being planned for the future.
The new site, set to be operational by June 1st 2024, underscores Whisky Partners’ commitment to making whisky casks more accessible as a commodity. With this investment, Whisky Partners aims to break down barriers that have traditionally made purchasing and holding casks more challenging compared to other assets, such as wine.
Alistair Moncrieff, the Founder of Whisky Partners, commented, “We are thrilled to announce the launch of our new bonded warehouse in Alloa. At Whisky Partners, we were founded on the principle of private clients investing in the maturation process of whisky casks. We have over 22,000 casks maturing in Scotland.”
He added, “The investment market for spirits is rapidly expanding and we want to lead the way with technology. We are committed to offering accessible avenues for investors and our focus on innovation and technology ensures that clients can confidently navigate this market to maximise their investment potential.”
The opening of the bonded warehouse is synchronised with the upcoming launch of Whisky Partners’ Decant Index, a proprietary technology platform revolutionising the industry’s standards for customer engagement and transparency.
This technology not only offers clients an end-to-end perspective from cask to bottle but also grants private client’s greater transparency when purchasing casks and bottles in bond. Owning its own maturation warehouse allows for the potential to further advance technological growth.
Photography courtesy of Whisky Partners and Jack Anstey.
You must be logged in to post a comment.