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Shadwell Farm to Sell Two Kentucky Divisions

Shadwell Farm, which has been undergoing a business review of operations in the U.S., as well as in Ireland and the UK, since its founder, His Highness Sheikh Hamdan bin Rashid Al Maktoum, died last March, will sell two farms in Central Kentucky. The properties are the 839-acre Shadayid Stud, located on both sides of Leestown Road, and the 525-acre Erhaab Stud, located on Frankfort/Georgetown Road. Both farms feature fields, paddocks, barns, homes, and more. Shadayid Stud is being offered for $17.75 million, while Erhaab Stud is listed for $12 million.

A release about the “auxiliary farms” and restructuring process said, in part: “Both of these farms were meticulously developed by us, are in pristine condition, and have been impeccably maintained. These farms are separate from the original main division where we will continue to raise Thoroughbreds in the finest tradition.”

Justice Real Estate will represent Shadwell as broker.

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Kentucky’s Adena Springs Farm to be Sold

Frank Stronach's state-of-the-art Adena Springs Farm, located near Paris, Ky., will be sold, according to Dallas real estate firm Icon Global. Stronach purchased the land that makes up the 2,300-acre property in 2005 and built the facility from scratch, opening it in 2007. It is capable of handling over 1,000 horses and Stronach has stood a number of prominent stallions there, including homebreds Awesome Again and Ghostzapper. Although Adena Springs in Kentucky has been Stronach's main breeding hub, he currently retains farms in both Florida and Ontario and has an active racing operation. He has won multiple Eclipse Awards and Sovereign Awards as both breeder and owner.

Stronach and his former The Stronach Group (TSG) have had a long reach in North America for the last few decades with a large portfolio of prominent racetracks, farms, and breeding/racing operations. In 2020, Stronach and his daughter, Belinda, ended a battle for control of TSG that had led to lawsuits. Under the agreement, Belinda got control of TSG's Thoroughbred racing and gaming businesses, while Stronach took over operation of the family's racing and breeding arms. Stronach is 89 years old.

“The Adena Springs contributions, records, awards, and innovations to the Thoroughbred racing industry internationally are incredible and, in some cases, unsurpassed in the annuals of modern racing history,” said Bernard Uechtritz of Icon Global. “This farm is one of the two largest of its kind under one fence in the Lexington Bluegrass.”

Click here to see the listing.

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Soulcombe on The Market

Soulcombe, a 388-acre farm where Chris Budgett's Kirtlington Stud is based, has arrived on the market and will be offered through Windsor Clive International. Budgett has built up Kirtlington since the mid 1980s and has decided to offer Soulcombe for sale. On the acreage are Soulcombe House-which features seven bedrooms and two wings, as well as three different stable yard complexes and five cottages. The gently rolling limestone land has produced quality bloodstock including Harbinger (GB) (Dansili {GB}), champion and G1 Derby hero Sir Percy (GB) (Mark of Esteem {Ire}) and G1 Sydney Cup winner Selino (GB) (Champs Elysees {GB}). The stud is situated just over an hour from London and less than two hours from Newmarket. In addition, it is only four miles from the A34/M40. A total of 13 Classic winners have been bred or raised within a few miles of the property.

“The flexibility of Soulcombe is remarkable-breeding, competing or polo-it covers the whole spectrum” said Windsor Clive International's George Windsor Clive.

Added Kirtlington Stud's Chris Budgett, “The time has come to move on-we will continue trading as Kirtlington Stud with our own horses. It would be nice to find a buyer to continue with the success that we have had, but I accept that the property has much to offer for so many different uses.”

For more information, please visit www.windsorclive.co.uk.

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