The new venture, which was officially launched by Minister for Community, Rural and Gaeltacht Affairs Éamon Ó Cuív, encompasses residential, commercial and agricultural property sales.
It is managed by John Connor, who has extensive experience in property services.
Mr Connor says the move into property sales is a perfect fit for Connacht Gold which, through its wide involvement in food and agri-business across the five counties of Connacht and Donegal, has its finger on the pulse of business and community life in the region.
The co-op, which has 15,000 shareholders, also has a long track record of involvement in livestock sales, through the operation of five livestock marts in the region.
Although less than a month in business, CG Properties has already been retained to transact a number of prestigious developments, including a mixed development of over 60 high quality residential property units at Waterways, Castlebar.
According to Mr O’Connor, the properties are selling rapidly off the plans.
Another development on their books is an exclusive development of detached homes at Sion Hill, Castlebar.
Mr Connor says that while the immediate aim is to build a strong portfolio across all areas of property sales from the new Castlebar base, CG Properties ultimately hopes to open other branches within the region serviced by the parent company.