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Students should prepare early for Third Level Costs – Killarney Credit Union

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With the latest round of CAO offers out this month, Killarney Credit Union is advising parents and students to call in now to discuss their college finance options.

With the average cost of living for a student in Ireland studying away from home for three years amounting to over €33,000, and those living at home amounting to €20,502*.  The Credit Union is recommending that parents call in and speak to a dedicated student loans officer to discuss their needs.

Speaking about third level costs, Helen Courtney Power, Business Development Officer with Killarney Credit Union, stated: “With the first round of CAO offers out on August 20, there is pressure on parents and students to quickly organise accommodation, pay student contribution charges and meet the array of costs associated attending college.

“We are recommending that parents and students come in early, discuss potential college finance needs and provide the necessary loan documentation. The member can then obtain pre-approval for the student loan, and they need not draw it down until its required. The amount required may also be adjusted later to suit the students course duration or college attended.

“Both parents and students can find meeting the costs of third level stressful and daunting and recent research have shown that approximately six-out-of-10 parents get into debt to cover college costs*,” Helen added.

Killarney Credit Union have put in place dedicated student loans officers for the month of August who can meet parents and students by appointment in each of their branches. Appointments can be made with Karena in the Beech Road branch, Donagh in the Park Road branch and Eileen in the Kenmare branch on 064 66 31344.

The Credit Union is also offering a third level bursary worth €4,000 for students attending third level for the first time. There are four opportunities to win, with the winners each receiving €1,000 each. It is open to all members of the Credit Union. Closing date is the Friday, September 21. Application forms are available online or in branches.

Further information on the third level costs and budget sheets can be found on www.killarneycu.ie

*Source: Cost of Third Level Survey, ILCU, August 2016

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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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