Is one of Ireland's largest farms about to be sold?
Offer received for massive 2,400ac estate in Donegal
Donegal Investments Group plc has confirmed it has received an offer for the Grianan Estate which is being guided at €17m.
In a trading announcement today, the board confirmed the sales process continues for the property and that an offer has been received which it says "may or may not result in a completed sale".
Savills has been retained to secure a buyer for property which is one of Europe's largest organic farms, in Co Donegal.
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.