Friday 9 December 2016

Massive organic farm at The Grianan Estate in Co Donegal seeking as much as €17m

Published 09/06/2016 | 02:30

The Grianan Estate, one of Europe's largest organic farms, has been brought to the market today by international real estate advisors, Savills, with a guide price of €17m.
The Grianan Estate, one of Europe's largest organic farms, has been brought to the market today by international real estate advisors, Savills, with a guide price of €17m.

Savills has been retained to secure a buyer for The Grianan Estate (pictured), one of Europe's largest organic farms, in Co Donegal.

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The almost one-of-a-kind property has gone on the market with a guide price of €17m.

Owned by the Donegal Investment Group, The Grianan Estate is situated at Speenoge, Burt, Co Donegal, about 20 minutes from the towns of Letterkenny and Derry.

The approximately. 2,400 acre property - which includes a 500 acre lake - consists mainly of land reclaimed from Lough Swilly. Savills say this makes it particularly fertile and suitable for all farming enterprises.

For the past 10 years, the farm has been producing over 3,000 tonnes of organic produce per year including milk, vegetables and cereals. A number of Irish household brands are said to source food from the farm.

Donegal Investment Group has a number of leases in operation across The Grianan Estate including to conventional producers of potatoes, wheat, oats and barley.

The Estate overlooks the shores of Lough Swilly.

According to Pat O'Hagan of Savills, who is handling the sale, the property has already generated significant interest from investors, active farmers and farming companies:

"For anyone with a vested interest in the Irish agri-food industry, the sale of The Grianan Estate will be significant news due to the sheer scale and quality of the offering," he said.

"There has already been a high-level of interest expressed from a whole host of potential buyers including investors, active farmers and farming companies.

"No other opportunity of this scale is likely to be presented again in the Irish farming property market in the near future and therefore we expect demand to be strong," Mr O'Hagan added.

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