One of Europe's largest organic farms, in Ireland, sells for €17.4m
The Grianan Estate is situated in Co. Donegal and its sale was confirmed this week for €17.425m.
Savills Ireland handled the sale, on behalf of Donegal Investment Group plc, to Glenmore Estate Farms Limited for €17.425m.
The Grianan Estate is situated at Speenoge, Burt, Co Donegal – less than 20 minutes from town of Letterkenny.
The approximately 2,400 acre property consists mainly of land reclaimed from Lough Swilly, making it particularly fertile and suitable for all farming enterprises. It includes 1,290 acres of organically farmed prime land and grows a range of crops such as cereals, red clover and root crops.
There is also an extensive range of farm buildings which have overwintering accommodation for 400 head of cattle.
For the past 10 years, the farm has been producing over 3,000t of organic produce per annum including milk, vegetables and cereals. Various Irish household brands are sourced from the farm, including Flavhavan’s porridge oats, Country Cross potatoes, and Organic For Us milk.
The Grianan Estate overlooks the shores of Lough Swilly, which is famous for its wildlife-watching and diving on the numerous ship wrecks, including the White Star Line’s SS Laurentic – sunk by a German mine in 1917. The estate includes a 500 acre lake.
According to Pat O’Hagan of Savills, the sale generated significant interest from local and international investors, active farmers and farming companies.
“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.”
For Stories Like This and More
Download the Free Farming Independent App