UKV International AG, a renowned Swiss-based specialist in fine wine and rare whisky investments, is making significant strides within the industry with the announcement of a state-of-the-art storage facility set to be developed in Edinburgh.
A Collaborative Effort Between Ukv and Elite Wine and Whisky
Alex James, the Senior Consultant at UKV International AG, has revealed the partnership between UKV and Elite Wine and Whisky, along with its storage division, Elite Whisky Storage. Together, they are working towards establishing a bonded facility in Edinburgh within the next year.
"The development of this facility is a substantial commitment and a source of great excitement for everyone associated with UKV. It reflects a promising future for those engaged in the whisky sector. The potential to consolidate storage facilities, exercise greater control over inventory tracking, and offer client access for facility visits will be a game-changing development," stated James.
Centralised Storage and Control
This facility will transform whisky storage by centralising the storage of investor cask whisky under one roof in an HMRC-regulated warehouse. Currently, cask whisky is dispersed across various distilleries and bonded warehouses throughout Scotland.
Efficient Storage and Administration
The streamlined storage system will enhance inventory tracking capabilities and provide clients with a unique opportunity to tour the facility. This initiative is poised to revolutionise the whisky storage and management landscape for whisky enthusiasts and investors alike.
Surge in Scottish Food and Drink Exports
James also emphasised the remarkable growth of Scottish food and drink exports, which saw an astounding 30.6% increase in the past year (2022), reaching a record £8.1 billion. Notably, India and Singapore witnessed significant spikes in demand.
Unleashing the Flavour: Maturing Whisky in Casks
Whisky connoisseurs recognise the significance of ageing whisky in casks. The longer the ageing process, the more refined the flavour becomes, and subsequently, the higher the price.
Regarding pricing, a clear correlation exists between more mature whiskies and their value. Hence, the storage of casks is of paramount importance, which is why UKV is investing in a state-of-the-art storage facility. It will maintain temperature control to prevent significant losses due to the "angel's share" of whisky and ensure optimal flavour when bottled.
About UKV International AG
As a Swiss-based specialist in fine wine and rare whisky investments, UKV International AG offers clients a comprehensive overview of the market and valuable insights into market trends.
The development of this state-of-the-art storage facility in Edinburgh underscores UKV's dedication to its clients and the whisky industry as a whole. As the company centralises storage, enhances inventory tracking, and welcomes clients, whisky enthusiasts and investors can anticipate an unparalleled experience in whisky storage and management.
Contact your representative today to explore your opportunities for whisky investment and storage.
(Image is a visual representation, not the actual facility)