Pics: Irish farm spanning 2,400ac sells for €17.4 million
A farm in Co. Donegal, consisting of approximately 2,400ac, has sold for €17.425 million, according to Savills Ireland.
Sold on behalf of Donegal Investment Group plc, ‘The Grianan Estate’ has been described as “one of Europe’s largest organic farms” by the real estate agency, which confirmed the sale to Glenmore Estate Farms Ltd on Tuesday, July 4.
Situated at Speenoge, Burt, Co. Donegal, The Grianan Estate is located less than 20 minutes from the town of Letterkenny.
The property consists mainly of land reclaimed from Lough Swilly, making it particularly fertile and suitable for all farming enterprises, Savills Ireland said.
It reportedly includes 1,290ac of organically-farmed, prime land and grows a range of crops such as cereals, red clover and root crops.
It is believed that a total of 2,271ac of land is located together, while there are four other portions located a “short distance from the main farm”.
Farm buildings include three inter-connected fodder sheds and two inter-connected cubicle sheds.
Over the last decade, the estate has allegedly been producing over 3,000t of organic produce per annum. This includes milk, vegetables and cereals.
The milking parlour on the farm is a Herringbone parlour with 34 units; it has a 25,000L bulk tank and a full plant room.
According to Savills Ireland, various Irish household brands are sourced from the farm, and the estate also includes a 500ac lake.
The sale generated significant interest from local and international investors, as well as active farmers and farming companies, Savills’ Pat O’Hagan said.
“No other opportunity of this scale is likely to be presented again in the Irish farming property market, therefore it was no surprise that interest – from various buyer types – was strong,” he said.