Plans made for €138m independent whisky warehouse

A private consortium of investors have put forward ambitious plans to build a €138 million whisky storage and filling facility, which it says will be the largest independent facility of its kind in Ireland.

Called ‘Project Vault’, the initiative has been proposed by the newly established Vault Whiskey Store. Phase 1 of the project – which will cost €38m – is for a whiskey filling hall and 12 warehouses with a capacity to hold 12,500 casks per warehouse on a 100-acre site in Moyvore, County Westmeath.

The proposed facility will enable whiskey producers to transport directly to the site and fill their casks, with a minimum maturation period of three years and no upper limit. Phase 2 of the project is expected to include a whiskey museum and visitor centre.

Speaking to the Westmeath Examiner, Alan Wright, joint CEO of Mullingar Writech Group and one of two local businessmen behind the project, said the company already had commitments from three multi-national distillers that will fill 80 per cent of the space in Phase 1.

“Initially when we start construction on this, there will be eighty full-time construction jobs of which we would like to have at least 10%. There will be a further 20-25 jobs – direct jobs – when Phase 1 is complete,”  he said, referring to the project as “liquid gold” for Moyvore.

Phase 1 is expected to be completed by August 2018, if approval is granted by Westmeath County Council, with the warehouses in use from February 2019, and final completion set for January 2020.

While Scotland is home to several independent facilities of this kind, this would be the largest of its kind in Ireland, with the majority of maturation warehouses attached to distilleries, added Wright.

Sales of Irish whiskey have been growing in recent years, with Pernod Ricard reporting Jameson to the the strongest of all its international brands in its full year results earlier this year. The company reported an organic sales lift of 20% and volume rise of 16% to 2.6 million 9L cases

Meanwhile earlier this year Bacardi took a minority stake in Dublin-based distiller Teeling Whiskey, having signed a distribution deal for the brand in the US.

A public meeting to discuss Vault Whiskey Store’s proposed Project Vault is due to take place Moyvore tonight.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Sales Manager

The Drinks Business
London, UK

Assistant Brand Manager

Swallow Associates Ltd
Kings Langley, UK

Brand Manager

Swallow Associates
Kings Langley, UK

Sales Business Development Executive

Champers Wholesale Ltd.
London, UK

HR Co-ordinator

Liberty Wines
London, UK

Director of Sales

Gulf Brands International
Bahrain

Head of Trade Marketing

Lanson International UK Ltd
London W1

Customer Development Manager

Love Drinks
London, UK

Junior Brand Manager x2

Enotria&Coe
London, UK

Events Co-ordinator

Liberty Wines
London, UK

Champagne Masterclass

London,United Kingdom
10th Sep 2018

Cape Wine 2018

Cape Town,South Africa
12th Sep 2018

Bourgogne Masterclass

Brighton ,United Kingdom
18th Sep 2018
Click to view more

Champagne Masters 2018

Deadline : 15th August 2018

The Global Beer Competition

Deadline : 15th August 2018

Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more