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Ophelia rages through Kerry

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THE streets of Killarney and roads throughout the county are deserted as Hurricane Ophelia batters the country this afternoon.

Wind and rain has caused damage across the greater Killarney and Kerry area. Trees are down in several parts of Killarney, with a fallen tree on Ross Road and at Tiernaboul. Multiple trees are down on the Killorglin-Beaufort road.

There are also reports of wires down in a number of locations across Killarney.

Met Eireann's severe weather warning remains in place and Kerry County Council is advising people to stay indoors and avoid travelling as conditions deteriorate over the coming hours.

Taoiseach Leo Varadkar has declared a national emergency and said the Government’s priority is to avoid injury.

The N70 road at Blackwater Bridge is partially blocked and a tree is resting on a power line at Kilmurry Road, Kenmare. A tree is down at Dromoughty Road, Kenmare, and at Over the Water, Caherciveen.

Irish Water has incident plans in place and crews on standby to deal with the effects of Storm Ophelia. Irish Water recognises that the predicted conditions are likely to result in power outages at critical water and wastewater installations which could compromise service delivery. Heavy rainfall may also increase the risk of flooding.

Power outages may impact the operation of our water treatment plants which would compromise the safety of drinking water. Where risk arises, working with the HSE, Irish Water will impose precautionary Boil Water Notices as necessary.

Met Éireann says Ex-Hurricane Ophelia is forecast to track up over western parts of Ireland during daytime today. Violent and destructive gusts of 120 to 150 km/h are forecast countrywide and in excess of these values in some very exposed hilly and coastal areas.
The most severe winds are over Munster and south Leinster at present, will extend quickly to the rest of the country this afternoon. Also heavy rain and storm surges along some coasts will result in flooding.
There is a danger to life and property.
 


 
Above: A deserted Plunkett Street in Killarney today.

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Paralympic legend Jason Smyth visits St Brendan’s

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Paralympic legend Jason Smyth visits St Brendan’s


World renowned Paralympian and world record holder Jason Smyth paid a visit to St Brendan’s College on Wednesday afternoon as part of a high profile visit to Killarney.


The six time Paralympic gold medallist spoke to second year students from St Brendan’s College, alongside students from neighbouring schools St Brigid’s Presentation Secondary School and Killarney Community College.
The interactive talk and interview took place ahead of World Sight Day, with the legendary sprinter sharing his personal journey with Stargardt disease, a genetic eye condition that left him legally blind at eight years old.
The Derry native, who holds the world record as the fastest Paralympian on earth over 100 metres, offered inspiring insights into overcoming physical adversity and achieving success at the highest level of world sport.
The school visit formed the opening leg of his Killarney schedule before he took centre stage later on Wednesday evening at The Killarney Plaza Hotel & Spa.
Smyth headlined An Evening with Paralympian Jason Smyth, an event organised by the Killarney Chamber of Tourism and Commerce as part of its winter schedule, sponsored by AIB.

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Deerpark Retail Park placed on market for fifteen million euro

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Deerpark Retail Park in Killarney has officially been placed on the market with a guide price in excess of 15.4 million euro, excluding VAT.

International real estate firm Cushman & Wakefield has been appointed as the sole sales agent to handle the high-profile commercial property sale on behalf of its current owner, Investcorp.

Investcorp, a global investment management firm headquartered in Bahrain, had previously acquired the prominent shopping complex.


The sale represents one of the largest commercial property offerings to launch in County Kerry this year.

Located roughly 1.3 kilometres west of Killarney town centre, the scheme enjoys strong regional connectivity and sits adjacent to independently owned operations including a Tesco Extra store, a Tesco petrol filling station, JYSK, and Aldi.


Constructed in 2006, the development extends across approximately 10,482 square metres, or 112,835 square feet.

The scheme comprises a mix of modern retail warehouse units and a complementary neighbourhood centre, offering 13 individual units in total with Part Open and Part Bulky Use planning permission.

The units range in size from 94.6 square metres up to 1,994.9 square metres. Visitors have access to approximately 248 customer parking spaces across the commercial grounds.

The park is currently 100 per cent occupied by a strong line-up of established national and international brands.

Key retail tenants include Marks & Spencer, Boots, DID Electrical, Maxi Zoo, and Mountain Warehouse.

The neighbourhood centre element accommodates service and convenience operators such as Costa Coffee, Card Factory, and Salon B.

The first-floor accommodation is fully let to Peak Performance Academy, which provides additional rental diversification.

Additionally, the scheme benefits from an agreement with Tesla to operate eight electric vehicle charging bays within the customer car park.


Commercial figures show that the property generates a total current rental income of 1,326,458 euro per annum, with a weighted average unexpired lease term of 4.45 years to break options and 6.46 years to lease expiry.

Cushman & Wakefield noted that the quoted guide price of 15.4 million euro reflects a net initial yield of 7.83 per cent, assuming standard purchaser costs of 9.96 per cent.

The selling agents highlighted that the fully occupied asset offers investors an attractive income profile alongside scope for additional income generation through parking commercialisation.

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