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Value stored in portfolio

A SUBIACO wine storage company has gone into the personal investment business, offering wine portfolios for those who want to expand their investment horizons.

Matt Busby’s Australasian Wine Exchange has added the investment side of the business after 18 months of building a wine storage business capable of holding 66,000 bottles in temperature and humidity-controlled conditions.

Mr Busby, who previously ran timber promoter and plantation group Pacific Forests, said that the wine storage business mainly serviced private collectors and restaurants, but the Subiaco facility was near capacity and the company was looking for additional space, possibly in Osborne Park.

He said the wine portfolios were the next phase in the business.

“We are targeting people who don’t have the time to hunt down what has got good investment potential or good cellaring potential,” Mr Busby said.

The company already has secured the selection of wines for its first portfolio, a range of shiraz labels which will cost investors $1000 each.

Further varietal, regional and price-based portfolios are planned in the future.

Mr Busby said the $1000 represented the equivalent of current retail value but included three years’ storage cost.

After three years the investor could chose to sell, drink or keep some, or all, of the portfolio.

Research from Access Economics shows Australian wine has had a favourable record during the past 10 years, out-performing Australian shares and property.

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