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Newcastle Herald

Business

Jamieson Murphy

East End project will be 'beating heart' of city, says billionaire

Sam Arnaout East End Iris Capital Newcastle Sydney The Newcastle Herald

Iris Capital founder and chief executive Sam Arnaout in the East End. Picture by Simon McCarthy

The final stage of the East End development will be the "beating heart" of Newcastle, its billionaire backer has declared after winning an appeal to move forward with the project.

In May, the state's independent planning panel rejected the $160-million proposal, citing "unacceptable impacts" on public and private views and car parking.

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