THE equestrian centre which was seized from convicted drug trafficker John Gilligan has been sold.
Brian McDonald from REA McDonald, who was responsible for the sale of the property from Dublin-based Lowe and Associate, confirmed to the Herald last night that all of the contracts for the sale of the Kildare property have finally been signed.
The Jessbrook estate- close to Timahoe in Co Kildare is understood to have fetched between €500,000 and €550,000, after CAB finally won a High Court battle to put it on the market last October.
"I can now confirm that the contracts are signed. From a legal point of view we are finally at a point where we can mark it sold," Mr McDonald said.
"Up until now it has just been 'sale agreed'."
A source has confirmed to the Herald that the purchaser of the 80-acre property is 32-year-old James Buckley.
It is understood that Mr Buckley beat off nine other interested buyers who viewed the estate, which was once valued at over €5m.
Mr Buckley has previously run the successful Hillview Stables in Bagenalstown, Co Carlow.
The sale has been a lengthy process, with attempts to block CAB's seizure of the property by the kingpin boss.
"We had put it on the market in September. We announced that the deal was agreed in mid-December and the legals have been working on it since then," the estate agent explained.
"The purchaser has signed purchase agreed on it, so we just marked it sold today.
"It is always nice to see a sale progressing through to sold. And, up until the point the contracts are signed, things can change, deals can fall through, it happens a lot," he added.