BREAKING: Kildare racecourse sells land for houses in multi-million euro deal
Naas Racecourse has sold a large parcel of land to property developer, the Ballymore Group, which aims to build up to 300 homes on the site - according to reports.
Ballymore paid almost €8 million for 13 acres at the Kildare track - or around €600,000 per acre - according to the Irish Times.
The land is already zoned for residential use.
The major property firm is operated by tycoon Sean Mulryan, who lives in Ardenode Stud near Ballymore Eustace.
Ballymore is expected to submit a planning application to Kildare County Council in coming months for the development of up to 300 homes on the site.
Naas Racecourse was also contacted for comment.
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