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South Africa Real Estate Industry Analysis 2023: Remote Working is a Significant Driver of the Property Market, Increasing Demand for Properties in Areas Outside Major Cities

General valuation roll open for comment

General valuation roll open for comment
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Nine Entertainment pays penalties for alleged excessive payment surcharges

Date Time Nine Entertainment pays penalties for alleged excessive payment surcharges Six subsidiaries of Nine Entertainment Co (Nine) have paid penalties totalling $159,840 after the ACCC issued them with 12 infringement notices for allegedly charging subscribers and advertisers excessive payment surcharges. Nine will also provide approximately $450,000 in consumer redress to eligible advertising, home delivery and digital subscription customers. The ACCC was concerned that from December 2018, after Nine merged with Fairfax Media, most consumer and advertiser transactions processed by Nine in which a payment surcharge was applied involved an excessive payment surcharge. Nine applied payment surcharges to digital and home delivery subscription services as well as radio, publishing, TV and digital advertising.

Market wrap; all the leasing and sales activity in an around Sydney

Market wrap; all the leasing and sales activity in an around Sydney Normal text size Frenchs Forest Arthrex Australia, global medical device company with medical education in orthopaedics has signed a 1565 sq m lease at 20 Rodborough Road for $370 per sq m from Irongate group. The lease is for five years. The lease supports the North Shore’s critical infrastructure and growing medical hub precinct. JLL’s Francesco Princi brokered the lease. Arthrex Australia, global medical device company with medical education in orthopaedics has signed a 1565 sq m lease at 20 Rodborough Road, Frenchs Forest Stanmore Aalders Auctioneers & Valuers Pty Ltd has leased a 521 sq m retail/commercial site at 18 Parramatta Road from Industrie Property Company No.3 Pty Ltd for $191.94 sq m net. The lease term is four years.

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