Singapore Wine Vault’s $200m Facility Slated to Launch in 3Q
It can house over 10 million bottles.
Singapore’s wine industry will be extra sweeter this year as Singapore’s Wine Vault opens. The $200 million facility, which is set to be the biggest of its kind in Southeast Asia, measures 750,000 sq ft and is capable of housing over 10 million bottles.
The facility is slated to be unveiled in Q3, slightly behind from it’s the previously scheduled opening in Q2. This will allow the management to enhance the preparations for the launch.
Singapore Wine Vault is a wholly owned subsidiary of CWT Logistics, which is part of the CWT Group.
According to Loi Yan Yi, director for marketing at CWT Limited, “Q2 was an indication based on last year’s projection when we participated in the Wine & Spirits fair in Hong Kong. The building will be completed by Q2 but we want to give time to run in the facility.”
The six-storey Singapore Wine Vault also comprises a main chamber and a separate area – named Drôme – devoted to private wine cellars. Each individual cellar can be customised to the client’s requirements, from installing 24-hour security cameras to storage layout.
Cellars can also be accessed from a virtual cellar account, which allows wine stock to be remotely monitored and provides a platform for easy payments.
To support the growing wine industry in Singapore, CWT Limited plans to hold regular wine events. “It will include wine education, networking amongst wine collectors and sommeliers, wine dinners for the food and wine lovers, which can be a great platform for like minded wine lovers from the wholesale and private collectors to mingle,” said Loi Yan.