Savills Ireland, on behalf of Donegal Investment Group plc, yesterday confirmed the sale of The Grianan Estate – one of Europe’s largest organic farms – to Glenmore Estate Farms Limited for €17.425m. 
 
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. 
 
The Grianan Estate is situated at Speenoge, Burt, Co Donegal – less than 20 minutes from town of Letterkenny. 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 Irish household brands are sourced from the farm.
 
Speaking yesterday, Pat O’Hagan of Savills said, "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."

Source: www.businessworld.ie