Estimates Committee B - Answers to Questions Fifty-Second Parliament, First Session (52-1) 52 1 Parliament of South Australia Estimates Committee B - Answers to Questions published Estimates Replies Transport Department Building TRANSPORT DEPARTMENT BUILDING In reply to Mr GRIFFITHS Legislative Council TRANSPORT DEPARTMENT BUILDING In reply to Mr GRIFFITHS (Goyder) (29 June 2011). The Hon. P.F. CONLON Legislative Council Minister for Transport Minister for Infrastructure TRANSPORT DEPARTMENT BUILDING The Hon. P.F. CONLON (Elder—Minister for Transport, Minister for Infrastructure): I have been advised: Fit Out Costs the final fitout cost was $13 million, representing approximately $800/m², which is half the current fitout benchmark cost of $1,600/m²; and the fitout was delivered at approximately half the cost as a result of the reuse of significant material from the previous fitout, supplemented by reuse of a component of the furniture and fittings from the Walkerville building. Lease Terms Terms and conditions for the lease at 77 Grenfell Street are: lease commenced 1 January 2010 for a term of 12 years with a five year right of renewal initial gross rental of $447/m² per annum + GST building owner's incentive is a rental rebate equivalent of 10 months commencing rental spread evenly over the first five years of the lease rental will be reviewed annually from 1 January 2012 at an annual increase of 4 per cent. There will be a review to market at the end of year four and year eight (with rental to be no less than previous gross rental rate) 33 car parks at $435 per car park per calendar month plus GST, to be reviewed in line with the office rental; and net lettable area of the DTEI tenancy is 15,888/m². Rental Costs Total estimated cost over the 12 year lease is $120,225.452 (including GST) (includes car park costs).