London City Bond buys military bunker for wine storage
- Monday 27 January 2014
London City Bond took possession of the 40-hectare site at Dinton Woods, near Salisbury, on 7 January. Financial details were not disclosed.
Built as a munitions warehouse for the British military, the newly-renovated bunker includes 15 vaults with reinforced concrete walls, surrounded by a three-metre-high perimeter fence.
‘Dinton will give use an additional 160,000 to 180,000 case capacity for storing fine wine,’ said David Hogg, sales director for London City Bond (LCB). ‘The size of the vaults vary in size from 280 to 580 square metres.’
LCB has around 93,000 square metres of storage in total, including its Vinotheque warehouse in the Midlands, which holds 550,000 cases.
Dinton Woods will be used for storing fine wine. ‘Individual investors or companies will have the option of taking a complete vault and kitting it out to suit their particular needs,’ Hogg said.
LCB remains on the lookout for more wine storage sites. ‘We are always looking,’ Hogg said.