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Tom Magnier of Coolmore Australia has acquired John Singleton's Strawberry Hill Stud property for an undisclosed amount.
"I'm thrilled to have acquired such a stunning property," Magnier declared.
"When you see the time, effort and passion that John and his family have put into this farm, it's taken decades to develop a farm to this standard and with that it is impossible to replicate," he said.
"No stone was left unturned and the attention to detail is something we noticed the minute we first drove in.
"It is a huge thing for Coolmore to be able to continue the legacy that John has built, it's a historic property that has the famous results on the board. It is truly one of the most iconic properties in Australia."
Magnier said the farm would play an important role in Coolmore's Australian operation.
"The plan is for it to be a world class spelling farm for the best horses," he said.
"To give them every opportunity to go back to their trainers in top condition."
"We have had lots of success at Coolmore with breakers including Shinzo, Fangirl, Jacquinot and Home Affairs and we want to complete that circle by having the best place to spell them at Mount White.
"We have searched for a long time to find the right place. When we saw what John had created, it was a huge thrill to end up with it and be given this opportunity to continue John’s legacy."
Singleton's stock has recently been dispersed, resulting in the sale of 55 lots for a total of US$15.497 million. Among the sold lots, Miss Fabulass was the highest-priced seller, fetching US$1.85 million.