If you’re entering into a commercial lease in Sydney, understanding the terminology is critical. Lease agreements can be complex, and the fine print often has a significant impact on your total costs and long-term commitments.

Three of the most important areas to understand are rent, outgoings, and incentives. Here’s a straightforward breakdown to help you navigate the essentials.

What’s Rent in a Commercial Lease

Rent is the base amount you pay to occupy the space, but it’s not always as simple as a single figure.

Types of Rent

Gross Rent

• Includes most property expenses within the rent
• Easier to budget, as costs are more predictable

Net Rent

• Lower base rent, but you pay additional outgoings
• Common in Sydney commercial leases

Semi-Gross Rent

• A mix of both, with some costs included and others charged separately

Always clarify which structure applies, as it affects your overall financial commitment.

How Rent Is Calculated

Commercial rent is typically quoted per square metre per year.

For example:

• $600/m² for a 100m² office = $60,000 per year (plus GST and possibly outgoings)

Other factors influencing rent include:

• Location (CBD vs fringe suburbs)
• Building quality and amenities
• Floor level and natural light
• Market demand

Rent Reviews and Increases

Most commercial leases include rent review clauses.

Common Types:

• Fixed increases (e.g. 3–5% annually)
• CPI adjustments (linked to inflation)
• Market reviews (adjusted to current market rates)

These reviews can significantly increase your rent over time, so it’s important to factor them into your budget.

What Are Outgoings?

Outgoings are the additional costs associated with maintaining and operating the property.

In many Sydney commercial lease agreements, tenants are responsible for paying these on top of rent.

Typical Outgoings Include:

• Council rates
• Water rates
• Strata levies (if applicable)
• Building insurance
• Property management fees
• Cleaning and maintenance of common areas

These costs can add a substantial amount to your total occupancy expenses.

How Outgoings Are Charged

Outgoings are usually calculated based on your proportion of the building.

For example:

• If you occupy 10% of the building, you may pay 10% of total outgoings

They may be billed:

• Monthly (estimated)
• With annual reconciliation (adjusted to actual costs)

Always ask for a breakdown of estimated outgoings before signing.

Incentives: What Are They?

Incentives are benefits offered by landlords to attract tenants, especially in competitive markets like Sydney.

They can significantly reduce your effective cost.

Common Incentives:

Rent-Free Periods

• A set number of months where no rent is charged

Fit-Out Contributions

• Landlord contributes to the cost of setting up your space

Cash Incentives

• Direct financial contributions or rebates

Reduced Rent Periods

• Discounted rent for an initial period

Incentives are often negotiated and can vary depending on lease length and market conditions.

How Incentives Affect the Real Cost

While incentives can be attractive, they don’t always reduce long-term costs.

For example:

• A rent-free period may be offset by higher rent later
• Fit-out contributions may come with longer lease commitments

To understand the true cost, calculate the effective rent over the full lease term.

Lease Term and Options

The length of your lease also plays a role in rent, outgoings, and incentives.

Key Terms:

• Initial term (e.g. 3 or 5 years)
• Option periods (e.g. 3 + 3 years)

Longer leases often come with better incentives but also greater commitment.

Other Costs to Consider

Beyond rent and outgoings, there are additional expenses to factor in:

• Legal fees for lease review
• Fit-out costs
• Utilities (electricity, internet)
• Make-good obligations (restoring the space at the end of the lease)

These can add up, so it’s important to budget accordingly.

Final Thoughts

Understanding rent, outgoings, and incentives is essential when entering a commercial lease in Sydney. While the base rent is important, the additional costs and negotiated benefits can significantly affect the overall value of the deal.

By taking the time to understand these key terms and seeking expert advice where needed, you can secure a commercial lease that aligns with your business goals and budget.

Artificial intelligence is moving beyond incremental change and into something far more groundbreaking, DreamWorks SKG co-founder Jeffrey Katzenberg told FOX Business on Wednesday.

Katzenberg joined anchor Liz Claman on “The Claman Countdown” to discuss the acceleration of AI innovation and what it means for industries ranging from cybersecurity to entertainment. He said AI marks a fundamental turning point in how technology reshapes business and creativity.

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Katzenberg pointed to a surge of activity across Silicon Valley, where startups and major companies alike are racing to harness the technology’s capabilities, describing an environment fueled by both optimism and urgency.

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Jeffery Katzenberg discusses the rapid acceleration of AI innovation and what it means for industries. (Gilbert Flores/Variety; mikkelwilliam/Getty / Getty Images)

“Today there is still this incredible exuberance around all things AI. There is no question we’re not in an evolutionary moment, we’re in a revolutionary moment,” he said.

Katzenberg said the pace of development is being driven in part by a new generation of builders entering the space earlier than ever, alongside tools that are lowering barriers to entry.

“The level of excitement right now about the impossible suddenly being possible is tangible, it’s real,” he added.

While the technology is advancing quickly, Katzenberg suggested its long-term impact will depend on how businesses and creators adapt to the shift underway. 

Still, those reluctant to adapt should not fear AI — when asked whether animators in Hollywood should fear for their jobs, Katzenberg dismissed those worries.

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“As much as I appreciate the innovation that’s going on, in my opinion, I still think the human touch is absolutely essential to great storytelling,” he said. “The analogy I would make is there’s a difference between prose and poetry, and I think when you see these sort of inputs and outputs that are coming, they’re sort of a common baseline in it, but they’re missing the poetry that comes with real creativity.”

“Now, these tools are actually phenomenal,” Katzenberg continued. “And I think there needs to be more openness to embracing them, as there was for me when we went from hand-drawn animation to computer animation, right?”

The brownfield site would be transformed under the proposals

Hundreds of new homes could be built in Bristol city centre under new plans. Property developer Yara Capital is planning to transform an underutilised brownfield site south west of the Trinity Street and Waterloo Road junction within Old Market.

Under the scheme, the developer will deliver 275 co-living homes and employment space, which it says will also create jobs. An existing data centre sits on the eastern side of the site, whilst the remaining western area remains undeveloped and unused.

The current proposals include two buildings. Yara says the eastern building “presents an opportunity” to create around 2,600 sq m of flexible workspace for start-ups, creative studios, light industrial uses and life science laboratories. There is also a new co-working space proposed.

At the moment, the proposed height varies from three to six storeys, which has been designed to “complement the surrounding area and Old Market’s heritage”, according to Yara Capital.

The western building will contain co-living homes – a community model in which residents share living space and common facilities.

Alfie Yule, development manager at Yara Capital, said: “25 Trinity Street is currently underutilised and offers little to the local community.

“We now have a real opportunity to bring the site back to life and deliver meaningful benefits for Old Market and the wider city by providing high‑quality employment space for creative, life‑science and light‑industrial businesses, alongside new homes in a sustainable location.

“Central to the proposals is a landscape‑led design approach that reflects and celebrates the area’s culture and heritage.”

Yara Capital says its plans will be “refined” as it receives feedback and consultee responses.

One of the many faults with today’s Democratic party is they don’t know how to win. They are defeatists. They find themselves on the wrong side of all kinds of 80-20 issues, like open borders, defending illegal criminals, waste, fraud, and abuse corruption, tax hikes, and men in women’s locker rooms. Now, here they go once again badmouthing President Trump’s tremendous victory in Operation Epic Fury, that absolutely crushed Iran in only 38 days. These defeatist Democrats now want to limit the commander in chief’s foreign policy powers, at almost exactly the moment where Mr. Trump, and our mighty military, and American patriots everywhere have scored a tremendous victory.

Is the war over? I think it basically is. There may be more hostilities, but we’re on the one-yard line. Let’s wait and see. Mr. Trump will never cut a bad deal. He has opened the Strait of Hormuz to take the pressure off energy prices. And he’s keeping all the American military forces in place in the Middle East, just to make sure a badly defeated Iran makes a peace deal. They may misbehave, and more bombing will occur. If they don’t agree to turning over the enriched uranium to America, then more bombing may be necessary. Ditto for their missile programs. Ditto if they keep bombing our Gulf allies.

Right now, Iran has a two-week peaceful window of opportunity to make a good deal. Essentially their navy, their airforce, their air defenses, their industrial base, have all been crushed. Even their ally Communist China needs their oil and has put diplomatic pressure on Iran to make a deal.

Whether Mr. Trump’s ceasefire is giving up some leverage for the final peace deal remains to be seen. Yet our military will remain in the region and can exercise their whip hand at a moment’s notice. Our negotiators know what’s worth discussing with Iran and what’s completely out of bounds. And if they don’t, then surely the president will know.

The Iranians like to delay and delay, and stall, but Mr. Trump is an action executive. I think we should all figure these next two weeks will be Iran’s last window before literally the roof totally caves in on them.

Meanwhile, the defeatist Democrats are once again on the wrong side of the political divide. And once again Mr. Trump using his own brand of tactical threats and then decisive actions to upend conventional wisdom, one way or another, Iran’s capabilities will be completely dismantled. One way or another, Mr. Trump will rewrite history and bring freedom and prosperity where no one thought it was possible. And one way or another, the Democrats are stumbling into their own self-made political trap.

Once again Mr. Trump outwits the defeatist Democrats.

New England Patriots head coach Mike Vrabel and prominent NFL reporter Dianna Russini pushed back Wednesday against swirling speculation of a romantic relationship, insisting photos of them embracing and holding hands at a luxury Arizona resort captured nothing more than an innocent group interaction.

The images, published Tuesday by Page Six of the New York Post, showed the pair in swimsuits relaxing poolside, lounging in a hot tub and appearing to dance with fingers interlocked on a private rooftop at the Ambiente Sedona resort. Both Vrabel, 50, and Russini, 43, are married to other people, fueling online chatter and tabloid headlines that quickly went viral.

Vrabel described the characterization of the photos as “laughable” in a statement to the Post.

“These photos show a completely innocent interaction and any suggestion otherwise is laughable,” he said. “This doesn’t deserve any further response.”

Russini, a senior NFL insider at The Athletic who previously anchored ESPN’s “SportsCenter,” offered a similar explanation.

“The photos don’t represent the group of six people who were hanging out during the day,” she told the outlet. “Like most journalists in the NFL, reporters interact with sources away from stadiums and other venues.”

According to Page Six, the encounter occurred on Saturday, March 28 — two weekends before the photos surfaced — at the boutique resort nestled against Sedona’s red rock formations. A witness reportedly observed the pair having breakfast on the restaurant patio around 10:30 a.m., followed by time at the pool and hot tub. They were later seen on the rooftop of one of the hotel’s bungalows with panoramic views.

Sources close to both parties told the outlet they were not alone. Russini was said to be on a hiking trip with two female friends, while Vrabel and his companions drove up from another hotel about two hours away for the day before returning.

The Patriots organization declined comment Wednesday. The Athletic, Russini’s employer and part of The New York Times, defended her work while addressing the images.

“Dianna is a premier journalist covering the NFL and we’re proud to have her at The Athletic,” a spokesperson said. The outlet called the photos misleading and lacking essential context of the larger group setting.

The story ignited widespread reaction across social media and NFL circles, with some fans drawing comparisons to other high-profile celebrity moments and questioning the optics for a head coach and a journalist who regularly covers the league. Discussions referenced past interactions between Vrabel and Russini, including an old interview clip where Vrabel made what some resurfaced as an “unacceptable” comment, though details remained vague amid the current frenzy.

Vrabel, a former NFL linebacker and two-time Super Bowl champion as a player, returned to the Patriots as head coach in early 2025 after a successful stint with the Tennessee Titans. Known for his no-nonsense leadership and defensive acumen, he has focused on rebuilding the franchise amid roster transitions and high expectations in the AFC East.

Russini has built a reputation as one of the NFL’s most plugged-in reporters, breaking news on personnel moves, coaching searches and league insider information. Her move from ESPN to The Athletic was seen as a significant step in sports journalism, where she continues to deliver in-depth coverage.

Both have families. Vrabel has been married for more than two decades, and Russini also maintains a private personal life outside her high-profile reporting role.

The incident highlights ongoing tensions in the relationship between NFL coaches and the media members who cover them. While professional interactions are common — including off-site conversations that can yield valuable insights — the visual nature of the photos and the fact both are married amplified public scrutiny.

NFL media experts noted that such encounters, even if purely professional or social, can appear compromising when captured out of context. Reporters frequently attend league events, owners’ meetings and informal gatherings where coaches and executives mingle.

The timing added fuel to the fire. The photos emerged shortly after the NFL annual meeting period, though the Sedona resort was not the primary venue for official league business. Sedona, known for its scenic beauty and wellness tourism, has become a popular getaway spot for those seeking respite from the pressures of professional sports.

Online platforms lit up with memes, speculation and debate. Some users defended the pair, arguing that assumptions based on still images ignore the full story of a group outing. Others expressed disappointment over the optics, particularly for a coach in a high-visibility role.

“This doesn’t look good,” one fan posted on social media, while another quipped about it being “worse than the Coldplay couple” in reference to a recent viral moment. Hashtags related to Vrabel, Russini and the Patriots trended briefly as the story spread.

Neither Vrabel nor Russini has faced formal league discipline or internal investigation based on publicly available information. The NFL’s personal conduct policy typically addresses more serious allegations, and both parties have firmly denied any impropriety.

The episode serves as a reminder of the intense public spotlight on NFL figures. Coaches like Vrabel manage billion-dollar franchises and locker rooms filled with million-dollar athletes, while top reporters like Russini wield influence through their access and scoops. Any perceived blurring of lines can spark questions about journalistic ethics and professional boundaries.

In past years, Russini has dealt with separate public scrutiny, including an old accusation from a former NFL executive’s spouse that was later apologized for. Those details resurfaced in some coverage Wednesday but were not directly tied to the current situation.

Vrabel’s coaching tenure with the Patriots has drawn attention for its intensity and emphasis on culture. He has spoken openly about leadership, family and the demands of the job in previous interviews.

For now, the focus remains on the field. The Patriots are preparing for the 2026 season with draft picks, free agency moves and organized team activities on the horizon. Russini continues her reporting duties, covering league-wide developments as the offseason unfolds.

Journalism organizations and sports leagues have long grappled with guidelines on reporter-source relationships. Many outlets maintain strict policies to avoid even the appearance of conflict, though casual social interactions at industry events are often unavoidable.

The Athletic emphasized Russini’s professional integrity in its statement, underscoring her value as a news-breaker in a competitive landscape.

As the story circulated Wednesday, some analysts suggested the rapid spread reflected broader fascination with celebrity crossovers in sports and media. Others warned against rushing to judgment without full facts, noting how cropped or selective images can distort reality.

Vrabel’s brief statement indicated he considers the matter closed. Russini’s comments highlighted the routine nature of off-the-record or informal conversations that journalists rely on for context and sourcing.

Sedona’s serene setting — with its hiking trails, vortex sites and luxury accommodations — provided a picturesque backdrop that contrasted sharply with the ensuing media storm. The Ambiente resort markets itself as an exclusive escape, featuring private bungalows and wellness experiences popular among high-profile guests.

No additional photos or evidence have emerged beyond the initial Page Six report. Independent verification of the group size or exact timeline remains limited to the statements provided.

The NFL and Patriots have navigated similar public distractions in the past, from coaching controversies to off-field stories. In each case, the organization has emphasized focus on performance and preparation.

Fans in New England, still adjusting to life after the Bill Belichick era, have expressed mixed reactions. Some worry about any potential distraction for Vrabel as he builds his program, while others view the attention as overblown tabloid fodder.

Russini’s colleagues in the press corps have largely stayed silent publicly, though private conversations in media circles likely centered on the challenges of maintaining boundaries in a tight-knit NFL world.

As of late Wednesday, April 8, 2026, neither party had issued further comments. The story continues to generate discussion online but shows signs of fading without new developments.

The situation underscores how quickly personal moments can become public fodder in the digital age. For Vrabel and Russini, the priority appears to be moving past the episode and returning to their respective roles — one leading a football team, the other covering it.

In professional sports, trust between coaches and reporters remains essential. Whether this incident affects that dynamic long-term will depend on how the league, teams and media organizations respond in the coming weeks.

For now, both have made clear their version of events: a casual group gathering captured in misleading snapshots. The public, as always, will draw its own conclusions.

Somerset Council awaits Department for Transport approval of the business case

Plans to bring a new railway station to rural Somerset remain “sat on a shelf” in Whitehall, Somerset Council has confirmed. Proposals for a new station to serve the expanding towns of Somerton and Langport suffered a major blow in July 2024 when Chancellor Rachel Reeves scrapped the restoring your railway fund in late July that year.

The station was omitted from Somerset Council’s local transport delivery plan, which was given the go-ahead in mid-March and featured numerous pledges to enhance both Somerset’s rail services and existing stations’ connections to buses and active travel.

The Langport Transport Group, which produced the outline business case for the new station, has now called on the council to push the Government for a decision following years of unnecessary delays.

The council said it remained supportive of a new station in principle but could not allocate any funding at this stage, noting that the decision rested firmly with the Department for Transport (DfT).

Langport Transport Group chairman Phil Edge made his appeal when the council’s executive committee convened in Taunton on Wednesday morning (1 April).

He said: “We supports reconnecting 53,000 residents to rail. Serving the towns of Somerton and Langport, along with the surrounding area, a new station will stand on the existing Great Western mainline between London Paddington and Penzance.

“Somerset County Council was our strategic statutory partner in 2021 in bidding successfully for £50,000 from the re-opening your railway fund, acting as the responsible budget holder.

“Disadvantaged communities across the scheme’s catchment – almost ten per cent of Somerset’s population – will benefit, including communities in Curry Rivel, Glastonbury and Street.”

During 2023-24, Somerset’s total station passengers reached 3,348,000 – increasing by 170,000 from 2022-23, and up nearly 600,000 from 2013-14, according to the Langport Transport Group.

The business case forecasts 230,000 journeys annually from a Somerton station, of which two thirds would be ‘new to rail’.

‘Gateway to opportunity’

“It would take 11 minutes to reach Taunton, compared with 50 minutes or more by road,” said Mr Edge. “The environmental, economic, educational and social benefits are myriad, with the rail network as a gateway to opportunity for the next generation.”

The council’s planning department is presently reviewing proposals for 150 dwellings on Foxglove Road in Somerton, situated north of the proposed Somerton railway station site outlined within the business case.

The proposed Langport station location sits east of the A372 Wincanton Road in the neighbouring village of Huish Episcopi Academy, close to the local cricket club and secondary school.

Mr Edge added: “Bearing all this in mind, and given Somerset Council’s stated priorities on connectivity and sustainable growth, why has the Somerton and Langport station re-opening, which is backed by a positive business case and strong local and parliamentary support, been omitted from the delivery plan?

“Will the executive now commit to formally including and supporting this project?”

The local transport delivery plan pledges to provide improved interchanges between Somerset’s current railway stations and alternative transport modes, including buses, walking and cycling infrastructure.

The plan also pledges to create a rural transport hub in Langport, complementing the £3.2m transport hub presently being built in Taunton town centre.

Councillor Richard Wilkins, portfolio holder for transport and waste services, said the council was unable to pledge additional funding or resources to the station scheme until the outline business case had been evaluated.

Mr Wilkins (who represents the Curry Rivel and Langport division) said: “As you know, we’ve been very supportive – and it’s worth noting that local MP Sarah Dyke has been extremely supportive too, bringing this up many times in parliament.

“It is also a priority of the Peninsula Transport sub-national transport body, on which the council sits.

“However, until the DfT approves the business case for this addition to the rail network, we are unfortunately unable to consider any capital financial contribution.

“Needless to say, we continue to lobby hard to get them to look at this business case, because it’s been sat on the DfT’s shelf far too long.”

Unruly passengers flying with Ryanair could now face jail time, as the Ireland-based budget airline continues to crack down on disruptive behavior it says has risen in recent years.

A 61-year-old man from Wales was sentenced to 10 months in a United Kingdom court after his actions — including threatening and verbally abusing a crew member while intoxicated — forced a pilot to abort a landing at Bristol Airport in England last year, the Avon and Somerset Police said Tuesday.  

Ryanair welcomed the conviction and reiterated its zero-tolerance policy on passenger misconduct, introduced in 2024, as it looks to curb delays and disruptions caused by a few disorderly travelers.

“We welcome the Bristol Crown Court’s conviction of this unruly passenger whose inexcusable behaviour disrupted a flight from Krakow to Bristol in November 2025,” Ryanair Communications Director Jade Kirwan said.

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Unruly passengers flying with Ryanair could now face jail time. (Nicolas Economou/NurPhoto via Getty Images)

“This demonstrates just one of the many consequences (including travel bans and offload fines) that passengers who disrupt flights will face as part of Ryanair’s zero tolerance policy. We hope this conviction will further deter disruptive behaviour on flights so that both passengers and crew can travel in a comfortable and stress-free environment.” 

Police identified the unruly, intoxicated passenger as Stephen Blofield, who was traveling on a flight from Poland to the United Kingdom on Nov. 11, 2025. He was sentenced to 10 months after pleading guilty in February to multiple charges, authorities said.

During the flight, Blofield allegedly became aggressive and volatile after consuming his own duty-free alcohol, according to aviation outlet Paddle Your Own Kanoo. 

Prosecutors said he created a fearful atmosphere onboard when he reportedly began swearing and verbally abusing a crew member and nearby passengers, ignoring instructions to remain seated during landing, and ultimately forcing the pilot to initiate a go-around maneuver, delaying the touchdown to ensure safety, the Bristol Post reported. 

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Stephen Blofield, 61, was sentenced to 10 months in a United Kingdom court on Wednesday. (Avon and Somerset Police)

“Stephen Blofield caused the initial landing to be aborted and continued to be verbally abusive towards cabin crew. He was met by officers at Bristol Airport once the flight had safely landed,” Inspector Christian Gresswell, of the Bristol Airport policing team, said.

“An intoxicated passenger can pose an unacceptable risk to safety, and that’s why we take the offense so seriously.”

Blofield pleaded guilty at Bristol Crown Court to four charges: being drunk on an aircraft, behaving in a threatening and abusive manner towards a crew member, behaving in a manner likely to cause harassment and distress, and failing to comply with lawful commands of a pilot.   

Incidents involving unruly passengers on Ryanair have risen in recent years, with the airline publicly welcoming the convictions of disruptive travelers.

Last year, a passenger was found guilty of exhibiting “inexcusable behavior” that forced a 2024 flight to divert to Rzeszów, Poland, during a journey from Glasgow, Scotland, to Kraków, Poland, the airline said in an announcement commending the conviction. 

In 2024, a Ryanair flight was forced to make an emergency landing shortly after departing Morocco when a mass brawl erupted among passengers.

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In 2023, video captured another brawl that led to three Ryanair passengers being kicked off an aircraft, causing a delay ahead of takeoff from Manchester, England, to Ibiza, Spain.

FOX Business’ Stephen Sorace, Pilar Arias and Greg Norman contributed to this report.

The family-owned estate is set for a huge redevelopment

Hotel and golf resort Rudding Park will use bank funding to carry out a £30m redevelopment.

The award-winning site near Harrogate plans to create a new 60,000 sqft golf and country club along with seven new padel and tennis courts, an accompanying pavilion and a full restoration of the property’s walled garden. There will also be upgrades to existing health and wellbeing facilities, a new swimming pool and general improvements across the resort.

Owners the Mackaness family will now use a seven-figure package from HSBC UK to carry out the plans, which they say could create 75 new jobs and generate an estimated £14m in annual gross value added for Harrogate. Rudding Park is said to have experienced a 4.8% increase in turnover in the last year, that compares to the latest available accounts covering 2024 which show turnover of nearly £28m.

Nick Mackaness, joint managing director at Rudding Park, said: “This is an exciting new phase of growth for Rudding Park, as we continue to expand and diversify high quality experiences for our guests. HSBC UK support will enable us to complete these development works, making sure our facilities exceed the expectations of our guests old and new. We look forward to expanding the team and attracting guests from all over the UK as our plans take shape.”

Tom Sikora, relationships director at HSBC UK, said: “Rudding Park is a fantastic example of an ambitious business in a competive market with a clear strategy for growth. The team has built a well-loved resort over many years, always understanding the next steps needed to keep attracting guests These developments will ensure Rudding Park stays a household name across the UK for many years to come and we look forward to seeing the new facilities open.”

Rudding Park has been owned by the Mackaness family since 1972 and now includes 90 bedrooms and suites, a spa, three restaurants, a kitchen garden, private cinema, two golf courses and conference and events spaces.