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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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Help reduce the appearance of cellulite  

By Jill O’Donoghue from Killarney Toning and Beauty Studio Needless to say we all know what cellulite looks like, but there are many ways to reduce its appearance and help […]

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By Jill O’Donoghue from Killarney Toning and Beauty Studio

Needless to say we all know what cellulite looks like, but there are many ways to reduce its appearance and help us look and feel better about it.

Yes, people often assume it’s down to a weight issue but it is associated with diet and exercise. It can affect all ages, male and female. There are many ways to help reduce and eliminate it.

Nothing can substitute for eating a healthy diet and getting enough exercise. Just as with other signs of ageing, cellulite is best managed first and foremost by focusing on maintaining a healthy weight long term. But certain topical treatments may help it become less noticeable and improve skin’s overall appearance, if used regularly. Dry body brushing is one technique to try by brushing upwards every day towards the heart for increased blood circulation.

Using anti-cellulite products can help if you are doing regular exercise and watching your diet, but if you feel you need a boost to get you headed in the right direction, there is a few different salon treatments that can be of benefit.

The Universal Contour Body Wrap is a great treatment which results in inch loss due to the detoxing effect of the sea clay or also the Electro Cellulite Massage rollers (ECM) by CACI Machine, which is a 12-session course over four weeks, this is recommended for desired results.

Pilates is always an amazing lifestyle choice. Having the toning tables for the past 30 years in Killarney, we are lucky to hear the amazing results from our clients past and present. Some have even been with us since we started! The male and female reviews have reported reduced cellulite with weekly appointments, improved posture, increased energy and mostly reduced cellulite.

To book an appointment or to find out more information, call 064 6632966. 

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Car dealers are now hubs for Ukrainian donations

Two Kerry-based car dealers are part of a national campaign to provide essential aid for Ukraine. Donagh Hickey Motors in Rathmore and Adam’s of Tralee are the two local garages […]

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Two Kerry-based car dealers are part of a national campaign to provide essential aid for Ukraine.

Donagh Hickey Motors in Rathmore and Adam’s of Tralee are the two local garages that have signed up for the project.

Under the scheme, the garages will be used as collection hubs for essential equipment that will be transported to the war torn country.

“We have a very large and loyal customer base and we are appealing through them to make donations,” Adam’s of Tralee General Manager, Marcus O’Shea, told the Killarney Advertiser.

“Any dealer could have signed up for this but we are one of only two in Kerry to do so.”

The garages, following advice from humanitarian agencies in Ukraine, have created a very specific list of what is urgently needed out there.

These include generators, solar battery chargers, batteries, power banks, flashlights, drones and tablets.

Medical equipment like First Aid kits (NATO standard) and other medical items are also sought.

People can assist by either dropping goods to the two garages or by making a donation via www.safeharbourforukraine.org.

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