Edmond de Rothschild and Álvarez are building a new winery in Rioja

A new entity to be named Macán will be created by Baroness Ariane de Rothschild, who presides over the Edmond de Rothschild Executive Committee in Geneva, and Pablo Álvarez, CEO of Vega Sicilia, the iconic ribera del duero-based winery.

In mid-June a new winery will open in Rioja, northern Spain, to produce Macán wines.

The aim is to produce high quality wines from vines at least 35 years old, selected to be grown in calcareous soils. The location is to the north-west of the city of Logroño.

The project began in 2000, with 100 hectares of vines discreetly purchased from 70 owners, and the first production of Macán wines was in 2009.

Elaborated from Tempranillo, Macán and Macán Clásico are aged for between 12 and 18 months in French oak barrels, followed by aging in bottles. A white wine could be produced in the years to come.

The total cost (vines and building) is estimated at $34 million.