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Whisky Partners opens new warehouse after seven-figure investment
Specialists in the whisky investment and acquisition sector, Whisky Partners invested a seven-figure sum into the new warehouse.
The move marks the beginning of a long-term project with the goal of making whisky investment and acquisition simpler and includes plans to purchase additional warehouses in the future.
The new site, set to be operational by 1 June 2024, plays into the firm’s commitment to making whisky casks more accessible as a commodity. With this investment, Whisky Partners aims to break down barriers that have made purchasing and holding casks more challenging compared to other assets, such as wine.
The opening of the bonded warehouse also coincides with the upcoming launch of the firm’s 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 seeks to offer private clients greater levels of transparency when purchasing casks and bottles in bond. Owning its own maturation warehouse allows for the potential to further advance technological growth.
Commenting on the opening of the new warehouse, Whisky Partners founder Alistair Moncrieff said: “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.”
“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.”
