| 4°C Dublin

Billionaire Comer buys €7m Meath stud farm


Luke Comer

Luke Comer

Luke Comer

Billionaire property developer Luke Comer has acquired Dollanstown Stud in Kilcock, Co Meath, a restored Georgian house and event riding facility on 365 acres of land in the heart of horse-breeding country, for around €7m.

The Galway-born businessman - who divides his time between Monaco, Ireland, London, Germany and Athens - declined to elaborate on what he paid for the property.

Its recent guide price was €7.5m, but had been on the market for €9.25m last year.

"I paid a bit less than the asking price. Contracts were exchanged recently," he said.

The property's former owner, a Swedish businessman, restored many of the original features in the 8,400 sq ft house, which dates back to the 1700s.

Comer owns a number of other stud farms and 8,000 acres of land in Wicklow, Dublin, and Kildare, where he keeps almost 600 horses.

Prior to the 1980s, Dollanstown produced a rich pedigree of champion horses, including three Derby winners. Its facilities include several arenas and 70 stables.

In a recent interview, Comer revealed that his and his brother Brian's property firm, The Comer Group is now worth close to €5bn, excluding debt, and has an annual rent roll of almost €100m.

Please register or log in with Independent.ie for free access to this article

Already have an account?

Business Newsletter

Read the leading stories from the world of business.

This field is required

Most Watched