One of Europe’s largest organic farms, the sprawling Grianan Estate in Co Donegal, has been sold to Glenmore Farms of Ballybofey for €17.4m.
Savills Ireland, on behalf of Donegal Investment Group, confirmed the sale of the estate which is situated at Speenoge, Burt, less than a 20-minute drive from Letterkenny.
The property of 2,400 acres consists mainly of land reclaimed from Lough Swilly, making it particularly fertile and suitable for all farming enterprises. It also features a 500-acre lake.
It includes 1,290 acres of organically farmed prime land and grows a range of crops such as cereals, red clover and root.
There is also an extensive range of farm buildings which have over-wintering accommodation for 400 head of cattle.
For the past 10 years, the farm has been producing over 3,000 tonnes of organic produce per annum including milk, vegetables and cereals.
Various household brands are sourced from the farm.
Grianan Estate overlooks the shores of Lough Swilly, famous for its wildlife-watching and for diving on numerous shipwrecks including that of the White Star Line’s SS Laurentic – sunk by a German mine in 1917.
According to Pat O’Hagan of Savills, the sale generated significant interest from local and international investors, active farmers and farming companies.
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