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Deerpark Retail Park up for sale

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By Michelle Crean

Killarney's popular Deerpark Retail Park has been put up for sale as part of a collection of three Irish retail parks - with a guide price excess of €67.5 million.

Tenants will not be affected as property advisors CBRE offer The Cobalt Collection - which includes Letterkenny Retail Park, Co. Donegal and Tullamore Retail Park in Co Offaly, for sale by Private Treaty.

The entire collection is producing a stable rent roll of €6,475,000 per annum.

The tenant mix is diversified, not reliant on any one retail use and has an impressive combination of national and international brands including anchor tenants, Woodies DIY, TK Maxx, Homebase and M&S.

Retail Parks have proven to be a resilient asset class out preforming all other retail sub-sectors over the course of the pandemic. This is due to their deemed “essential use” class which were not subject to Government closures coupled with open air surface car parking and large open space configuration. The Irish retail park sub-sector is increasingly sought after by investors, as it is considered stable and a good prospect in the low current interest environment and in comparison, to the lower returns prevailing in other sectors, according to CBRE.

Deerpark Retail Park

Deerpark comprises of 13 retail units extending to approximately 11,342 sqm and is the leading retail park in Killarney, occupying a pivotal location on the western side of the town centre.

Its anchored by Marks & Spencer and EZ Living and provides a mix of bulky and open use occupiers to an extensive catchment area. Additional tenants include New Look, Argos, Boots and Costa Coffee. Its total net operating income is approx. €1.30m per annum.

“We anticipate strong interest for The Cobalt Collection," Selling Agent, Paddy Farrelly, Capital Markets Division, CBRE said.

"From an occupational perspective, retail parks have proven themselves extremely resilient through retail market challenges and having just come through one of the most significant challenges in the sector, it is hard to ignore the opportunity and return profile on offer in the sub-sector.
The Cobalt Collection is a notable example of this resilience at an individual asset level. It offers an incoming investor scale, diversified income and stability in the sector as a portfolio. Each scheme's individual performance is exceptional, serving as prominent retail hubs within their catchment areas.”

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Tributes paid to Killarney Athletic stalwart Toni Fleming

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Tributes have been paid across Killarney following the death of Toni Fleming of Ardshanavooley and formerly of Dalton’s Avenue, who passed away peacefully on Christmas Day in the care of the Palliative Care Unit at University Hospital Kerry.

A lifelong and hugely respected member of Killarney Athletic A.F.C., Toni was regarded as one of the driving forces behind the club for more than five decades.


He joined Killarney Athletic in 1971, played for many years and was affectionately known as ‘Tappy No. ‘ for his goal scoring ability.


He later served as chairman on two occasions and remained deeply involved with the club right up to recent times, often arriving early each morning to carry out whatever tasks needed to be done.


Killarney Athletic A.F.C. said Toni was “a true gent and a wonderful clubman” who would be greatly missed.

The club formed a guard of honour outside St Mary’s Cathedral following his Requiem Mass on Saturday morning, with members wearing club colours as a mark of respect.


Toni was also widely known in the town for his community involvement.

At Jimmy Brien’s Bar he was remembered as a regular and a great character who played a major role in organising charity initiatives, including the cancer bus bottle drive which raised thousands of euro over the years.


Kerry Football Club also expressed its sympathy, noting that Toni was the father of long-time volunteer Lorraine and brother in law of matchday operations manager Gerardine Nagle.


Toni is survived by his wife Phil, son Stephen, daughters Lorraine and Amanda, his grandson Ethan, great grandchildren Maddison and Theo, brothers, sister and extended family.
He was laid to rest following his Requiem Mass at St Mary’s Cathedral.

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New Derreen sports facility moves closer to completion

The new multi-sport facility at Derreen has taken a major step forward. Past, present and future members of Killarney Judo Club, who viewed progress on the development, including a dedicated […]

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The new multi-sport facility at Derreen has taken a major step forward.

Past, present and future members of Killarney Judo Club, who viewed progress on the development, including a dedicated judo dojo (a specialist training hall designed for martial arts practice) said the the development will help boost the sport in Killarney
The project is being delivered by local not-for-profit company Derreen Sports CLG in partnership with Kerry Stars Special Olympics Club, St Paul’s Basketball Club and Killarney Judo Club. Once completed, the facility will provide long-term sporting and community benefits for the area.
Speaking during the visit, Tim Kelly of Killarney Judo Club said there is growing national interest in developing Killarney as a base for international judo training camps. “This opportunity will undoubtedly strengthen the club and support the development of future champions,” he said.
Construction to date has been funded through the Community Recognition Fund administered by Kerry County Council. Further works will be supported by Sports Capital and LSSIF funding through the Department of Sport. The timeline for completion will depend on the release of these funds.
The Derreen facility will include a sports hall, gym and dedicated spaces for multiple clubs and activities.

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