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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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Top 10 Essential tips for Leaving Cert Students in lead up to June 5

The final weekend leading up to the Leaving Cert exams can be very tough, as you try to balance last minute revision with much needed rest after a long, exhausting […]

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The final weekend leading up to the Leaving Cert exams can be very tough, as you try to balance last minute revision with much needed rest after a long, exhausting year.

The natural anxiety felt by students is often heightened by the annual media hype around the state exams and it is really important that you do your best to manage that stress effectively, so that you are ready to perform to the best of your ability once the exams start. The following tips may help to keep you focused and a little calmer in the lead up to June 5.

1. Review, don’t cram – Focus on summary notes, flashcards, or mind maps. This reinforces what you’ve already studied. Prioritise areas where you feel less confident, but don’t try to learn new material.

2. Practise past papers – Review marking schemes and time allocation for each question you will need to answer on each paper. Practise a sample of questions against the clock. This will maximise your scoring potential.

3. Organise your materials – Check the exam timetable and highlight your own exams. Prepare the stationary that you need, gather pens, pencils, calculators, and so on. Pack your bag the night before to avoid last-minute stress.

4. Maintain a healthy balance – Aim for 8 hours of sleep each night. Proper rest is crucial for memory, concentration and stamina. Eat well, include proteins, healthy fats, and complex carbs in your meals to maintain energy levels. Drink plenty of water, hydration is essential.

5. Try to manage stress – Schedule short breaks during study sessions and do something enjoyable and relaxing, like a short walk, playing or listening to music. Get fresh air and some light exercise. Use relaxation techniques like breathing exercise, mindfulness and meditation.

6. Focus on a positive mindset – Focus on your strengths and remind yourself of your preparation. Concentrate on what you know and not on what you think you don’t! Try to avoid negative self-talk and steer clear of discussions that heighten anxiety, such as comparing how much you’ve studied with friends.

7. Plan your weekend – Create a realistic timetable for the weekend, balancing study sessions with breaks and relaxation and don’t overdo the study. You need plenty of energy for the exams.

8. Stay connected – Talk to friends and family, if you are feeling overwhelmed reach out and get support from loved ones. If it’s helpful, have a short, focused study session with friends to clarify doubts.

9. Keep things in perspective – The Leaving Cert is important but won’t define you and regardless of what happens you have several options open to you. Try to reframe the media hype as the whole country getting behind you, for what they know to be a tough time for you.

10. Get Set for exam day – Double-check the venue, seating arrangements, and required materials for the day of the exam. On the evening before the exam, do a light review of key concepts but avoid heavy studying. Ensure you know how to get to the exam venue and plan to arrive early (at least 30 mins on the first day). Decide what you’ll wear to avoid rushing in the morning and have your water and snacks ready to go.

Above all else, give the exams your best shot! Once they are over you have a lovely ‘study-free’ summer and bright future to look forward to. Go n-éirí libh ar fad, the very best of luck to each and every one of you!

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Disability toilets for Killarney Library

Works to build new toilet facilities for people with disabilities should commence later this year. Cllr Marie Moloney tabled a motion at a recent Kerry County Council meeting. She said: […]

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Works to build new toilet facilities for people with disabilities should commence later this year.

Cllr Marie Moloney tabled a motion at a recent Kerry County Council meeting.
She said: “Application has been made for funding to the Department. As soon as the funding is approved, work will commence on the provision of Disabled Toilet Facilities.
“While ramps are installed for accessibility, it is unacceptable that any public building be without disabled toilet facilities in this day and age.
“I am aware of several people with a disability who constantly use the services of the Library and are very happy with the staff and the services that Killarney Library offers but are disappointed at the lack of disabled toilets.”
“I will be keeping the pressure on to have these facilities provided as soon as possible.”

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