The land in the northern parish of St Lucy housed the original 18th century distillery that established Mount Gay as the world’s oldest rum producer.
It claimed the title based on a legal from February 20, 1703, declaring the existence of a “pot still house” on the sugar cane estate in Barbados.
Rémy Cointreau Group chief executive Valérie Chapoulaud-Floquet said: “We saw this unique opportunity as a sign to pursue our goal to create a true luxury rum brand.
“Here in Barbados, we now gather together all the elements to foster the legacy of Mount Gay Distilleries: authenticity, history and terroir, with a single-estate rum, a genuine Barbados historical ‘château’. This is just the start of another exciting adventure for Mount Gay Distilleries and Rémy Cointreau.”