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HOUSING MINISTER OPENS 20 NEW SOCIAL HOUSES AT ‘LIOS AN FHIA’ IN KILLARNEY

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The Minister for Housing, Planning and Local Government, Mr Eoghan Murphy TD, has performed the official opening of a new 20-unit social housing scheme in Killarney. The new estate, called ‘Lios an Fhia’, which was completed by Kerry County Council under the Rebuilding Ireland Programme, is situated at Park, Killarney and is located approximately two kilometres from Killarney town centre.

The €3.1m scheme of two-storey, three-bedroom units will provide homes for families currently in need of accommodation in the Killarney area and are finished to a very high standard. The project was overseen by the Capital Infrastructure Unit of Kerry County Council and was completed by Ned O’Shea and Sons Construction Ltd. Construction began in February 2017 and tenants have moved into the new homes last week.

Opening the new housing scheme today, Minister Murphy said: ‘I can see that this development has been designed and built to a very high standard. I understand there is an already vibrant community spirit in this area and the new residents here, in this new estate, will add to that.’

The Cathaoirleach of Kerry County Council, Cllr Norma Foley, said it was a wonderful day for Killarney and for Kerry: ‘Today’s development represents further progress on the significant work programme across all housing delivery streams through Kerry County Council and with the support of the government’s Rebuilding Ireland programme.

‘Those who will come to live in these houses will make them their homes and I hope that the new residents who come here will be very happy and comfortable. These houses are of exceptional quality and finished to a very high standard, so I have no doubt that they will make the new residents feel very much at home.’

Chief Executive of Kerry County Council, Moira Murrell, said: ‘This development here at Lios an Fhia is a great example of a high-quality development substantially designed in-house by a local authority and a demonstration of the results local authorities can deliver with the support of the Rebuilding Ireland programme.’

The Lios an Fhia scheme was designed by the Capital Infrastructure Unit of Kerry County Council. Architectural, civil and structural engineering services were carried out by the in-house team, whilst QS services were provided by Kane Crowe Kavanagh Quantity Surveyors. The houses are of traditional cavity wall construction with excellent insulation and airtightness levels. Each dwelling has an air to water heating system with underfloor heating to the ground floor and low temperature radiators to the first floor.  All units have an A3 BER rating.

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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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