LESS than two months after Qatar Racing bought a farm of land in County Limerick for €1,050,000 they have lodged planning permission.
Goff’s Country bought the hundred acres at Spring Lodge, Manister, Croom in trust at an auction by John Flynn on September 12.
It was later revealed that the purchasers are a branch of the Qatari royal family and the emerging force in global bloodstock.
On November 11, Qatar Bloodstock applied to Limerick County Council for the demolition of the existing farm buildings, but to retain existing farm entrance from public roadway for the purpose of a new farm yard development and to be located elsewhere on the land to the subject of a further planning application in due course.
It is their first Irish stud in a burgeoning property portfolio. Mentioned in the same breath as Coolmore and Godolphin, Qatar Racing was formed in 2011 by Sheikh Hamad, Sheikh Suhaim and Sheikh Fahad Al Thani. They have invested tens of millions in horse racing and the bloodstock industry.
David Redvers, who manages Qatar Racing and Pearl Racing on behalf of Qatar’s ruling Al Thani family, said there were no plans to stand stallions on the property.
He told the Irish Field: “Some of the best studs in Ireland are in the Croom area and this will enable us to keep bloodstock in Ireland.”
The farm in Croom is located close to Rathmore Stud, whose owner, Peter Molony, will oversee its running.
Speaking to the Limerick Leader in October, Mr Molony said the land was bought as an investment.
“I pointed out to them at the time when they were thinking about buying it that there are seven or eight farms in this small area that have produced group or grade one winners in the last four or five years.
“There is Islanmore, Manister House, ourselves, Caherass House, Roundhill, Ballyphilip, Croom House all producing grade one winners. The land is fantastic here. They will raise young horses,” said Mr Molony, who is the son of legendary National Hunt jockey Martin Molony.
It is expected that horses will be stabled there from next year.
“It is a major vote of confidence for Limerick and the quality of land here,” said Mr Molony.
A significant investment in facilities was expected and this planning permission indicates the beginning of their plans in Limerick.
The decision due date is January 11.