Billionaire Magnier Said to Purchase $56 Million U.K. Estate

The family of John Magnier, the Irish bloodstock entrepreneur, acquired the Sutton Scotney Estate in Hampshire from a unit of Zurich Insurance Group AG, according to two people with knowledge of the deal. Most of the land is leased to farmers and the family doesn’t intend to change how the estate is run in the near-term, said the people, who asked not to be identified because the deal is private.