Highland Park & Springbank: The Rising Stars of Cask Investment

Macallan gets the headlines, but two other distilleries have been delivering some of the strongest cask returns in the market: Highland Park in Orkney and Springbank in Campbeltown. Both have the same basic setup, limited supply meeting rising demand.

Highland Park, Scotland’s most northerly distillery, makes about 2.5 million litres a year. The Viking branding, the quality of the spirit and the sheer remoteness have created a devoted following. Casks bought five years ago at £5,000 to £7,000 are now valued at £15,000 to £25,000.

Springbank is even more constrained. As one of only three distilleries left in Campbeltown, a town that once had over thirty, it produces barely 750,000 litres a year. Springbank bottles regularly fetch five to ten times retail at auction, and that market enthusiasm flows back into cask values.

Neither distillery has the capacity, or the intention, to dramatically scale up. That sets them apart from Macallan, which has invested heavily in expansion. Limited production combined with growing demand is the most reliable setup for cask appreciation.

The risk profile is reasonable. These are not speculative bets on unknown brands, both have long histories, strong critical reception and committed customer bases.

We actively source Highland Park and Springbank casks for clients who want growth without paying ultra-premium Speyside entry prices.