Racing NSW secures Bart Cummings' Princes Farm

POSTED ON  |  08-08-2018

Princess Farm NSW
RACING NSW chief executive Peter V’landys has described the strategic purchase of historic Princes Farm as a “land bank” for the future prosperity of the NSW racing industry. And the famous thoroughbred property, which is nestled near the Nepean River at Castlereagh and boasts the Blue Mountains as a backdrop, is likely to be renamed after its former owner, the late Bart Cummings, trainer of a record 12 Melbourne Cup winners.

V’landys, who had a close friendship with the legendary trainer, has confirmed Racing NSW has purchased Princes Farm with the view of using the property as an educational facility and quarantine centre. Although details of the sale remain confidential, it is understood the property’s purchase price was close to $15 million.

“We believe buying Princes Farm is a land bank for the future, an investment to protect the NSW racing industry,’’ V’landys said. “Who is to say what this land could be worth in 20-30 years, particularly if there are changes to zoning laws in that area. There is nearly 140 acres on the property and it could be worth hundreds of millions of dollars in time. “The Board of Racing NSW will consider changing the name of the property to the Bart Cummings Farm, to further recognise the great man.”

There are even suggestions the property could one day be the site of a new racecourse and training facility for Sydney racing.

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