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Killarney conference to turn spotlight on Brexit

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PLANS for a major new conference focusing on the prevailing political and economic issues and their impact on Ireland, the UK and the European Union have been revealed.

The Killarney Economic Conference will take place on January 12 and 13 next and, in its inaugural year, it will focus on Brexit, the challenges it poses for business, the legal issues that will arise, how it will shape future politics and the impact it will have on daily life.

The conference is poised to become an important annual dialogue involving economic, civic and political leaders from Britain and Ireland.

The line-up of speakers in the inaugural year includes Prof Ursula Kilkelly, Dean of Law at UCC and Fianna Fail leader Micheál Martin, TD, who today launched the event along with one of the conference organisers, Dr William Sheehan.

Dr Sheehan, a military historian, author and lecturer and a Fellow of the Royal Historical Society and the Higher Education Academy, said the idea of the conference is to establish an annual forum at which senior management of civic and business organisations can meet, network and share and debate ideas and best practice. In addition, they will have the opportunity to listen to and question some of the leading political, academic and business leaders in Britain and Ireland.

“The conference is aimed at helping company directors and senior management understand how Britain and Ireland are evolving socially and economically and how to tailor the strategy of their organisations accordingly,” Dr Sheehan said.

“While our first conference is focused on Brexit, our goal is to develop an annual event that will continue to connect political, civic and business interests across Britain and Ireland in the years to come.”

The conference will open with a discussion on the legal implications of Brexit led by Dr Georges Baur, the Assistant Secretary General of the European Free Trade Association, Prof Gavin Barrett, Professor for European Constitutional and Economic Law at UCD and Prof Catherine Barnard, Professor in European Union Law and Employment Law at the University of Cambridge.

A discussion on how Brexit will shape future politics will be led by Deputy Micheál Martin, TD, and Simon Kingston, conference organiser and a member of the executive committee of the British-Irish Association.

The impact on business will be discussed by Mr Mark Kennedy, Managing Partner of Mazars Ireland, Prof Philip O’Regan, Dean of the Kemmy Business School at UL and independent financial analyst David Clarke.
Other key discussions will include the social and personal impacts of Brexit will be addressed by Prof Ursula Kilkelly, Dean of Law at UCC, Matthew O’Toole, the former Chief Press Officer at Number 10 Downing Street and Sinn Fein TD David Cullinane.

There will be a gala dinner at The Brehon on Friday, January 12, and the conference takes place on Saturday, January 13. For more information visit www.killarneyeconomicconference.com
 


 
Above: Dr William Sheehan, conference organiser; Prof Ursula Kilkelly, Dean of Law at UCC, and Micheál Martin TD, Fianna Fáil leader, at the launch of the inaugural Killarney Economic Conference. Pic: Daragh Mc Sweeney/Provision

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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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