One of Europe's largest organic farms, situated in Donegal, has been sold for €17.4 million.

Savills Ireland, on behalf of Donegal Investment Group plc, has today 04 July 2017 confirmed the sale of The Grianan Estate to Glenmore Estate Farms Limited.

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.

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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.

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.

(CD/LM)