Shadwell to sell two American studs as restructuring continues

Two divisions of Shadwell Farm, Shadayid Stud and Erhaab Stud, are being sold as part of the restructuring of Shadwell Farm. The two farms, brokered by Justice Real Estate, are priced at $17.75 million and $12 million respectively.

These farms are separate from the original main division where Shadwell will continue to raise thoroughbreds, Justice Real Estate said in a release.

Shadwell, a worldwide racing and breeding operation, announced in September it would downsize following the death of its owner Sheikh Hamdan Al Maktoum last March. This transition has included relocating some stallions and selling a substantial number of its racing and breeding stock.

The land on which Shadayid Stud sits was procured in 1993-94 and consists of approximately 839 acres. The 587-acre north part of the property is currently developed into a yearling division featuring fields of 50-75 acres apiece and six barns with 84 stalls and residences for the farm manager and employees. South Elkhorn Creek is along the farm's rear boundary.

The south part of the property has 43 paddocks, numerous barns, and an employee residence.

Erhaab Stud, formerly known as Elko Bell Farm, is located at the Scott/Franklin County line. Purchased by Shadwell in 1999, it was developed into a thoroughbred nursery with barns, run-in sheds, walker, and covered round pen. It also has a 5,900-square-foot home and four employee houses.

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