Netley Commercial Park Lease

In reply to the Hon. J.A.W. GARDNER (Morialta—Deputy Leader of the Opposition) (25 June 2024). (Estimates Committee B)

The Hon. A. MICHAELS (Enfield—Minister for Small and Family Business, Minister for Consumer and Business Affairs, Minister for Arts): I have been advised:

The Department for Infrastructure and Transport negotiated a lease term for two (2) years, commencing 11 June 2024.

This includes a 3 per cent increase to the applicable rental rate per square metre, from commencement of the lease extension on 11 June 2024. And a fixed rent review increase of 3 per cent from 11 June 2025.