A leading UK specialist whisky cask stockist has opened a new bonded warehouse in Scotland.
Whisky Partners said it has opened the new warehouse in Alloa as part of a "commitment to making whisky investment and acquisition more straightforward".
The investment into the new warehouse, totalling "seven figures", marks the beginning of a long-term project for the business, which has plans to purchase additional warehouses in the future.
The new site is set to be operational by June 1.
READ MORE: Tennent's to close Newbridge plant with loss of close to 100 jobs
Alistair Moncrieff, Founder, 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.
“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.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here