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Killarney man’s company primed for international growth

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ITS mission is to make it easy to book every campsite globally and now Campsited.com is about to scale new heights internationally. Campsited.com was founded by Killarney native Finán O’Donoghue, who said: “2017 has been great year for us. Google and the Business Post voted us one of the top early stage companies in the country. We’re on track to grow bookings by 700%. And a partnership providing access to 4,000 new campsites, enables massive growth into the future.”

The size of the opportunity for Campsited is huge. People will spend one billion nights on campsites annually by 2020. Three hundred million of these nights will be booked through websites like Campsited. With no household name today in campsite bookings, like Airbnb and booking.com for their respective markets, Campsited can become just that.

“Working with the right investment partners is key to this,” said Finán.
“We also want anyone who is keen on the idea to be part of our success. This is possible through the Revenue’s Employment Investment and Incentive (EII) scheme.”

EII is a tax relief incentive scheme. It allows people obtain income tax relief on an investment in qualifying companies, like Campsited, up to a maximum of €150,000 per annum. So, depending on what tax bracket you are in, you could get up to 40% of your investment back from the Revenue. While also getting shares in Campsited to the value of 100% of your investment. Not a bad deal.

“We’re getting close to our funding target and expect the last few investment slots to fill up fast,” said O’Donoghue.

If you would like to know more, check out the company’s fundraising page at www.investment.campsited.com, where you can register your interest.

Alternatively, you can contact Finán directly on 064-664 6029.

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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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