Iris Capital’s East End wins again at UDIA NSW Development Awards

Market Insights
1 year ago
2 minutes

Iris Capital’s $1 billion Newcastle East End project has won the Mixed-Use Development category at the UDIA NSW awards. 

The awards identify excellence in the urban development and design space across NSW and the ACT.

Spanning a 1.66-hectare site, Newcastle East End is set to be one of Australia’s most significant large-scale urban regeneration projects to date. 

Stage one of the four-stage masterplan covers a city block in the heart of Newcastle’s East End and features three residential buildings, a 5-star hotel, laneways, and a civic square surrounded by amenities, an artisanal cellar, cafés, restaurants, and retail. 

Iris Capital have also recently received the Urban Design award, Residential Architecture – Multiple Housing award, the Newcastle 2022 Medal from the Newcastle Australian Institute of Architects, and the Premier's Prize from the NSW Australian Institute of Architects. 

 Iris Capital's East End project. Image courtesy of Iris Capital. 

Iris Capital CEO, Sam Arnaout, says he is extremely proud to have received another round of nominations after already winning eight awards this year alone for the Newcastle East End project. 

“I’ve been joined by so many great people around me at Iris Capital and it’s a massive team effort to achieve what we have for the East End project,” says Mr Arnaout. 

“We are delighted that our ongoing efforts to deliver an urban city sanctuary with our East End development are being recognised once again with Iris Capital being a finalist for four awards.”

“Being awarded the UDIA Award for Excellence in Mixed-Use Development reflects our unwavering commitment to developing communities that set a benchmark for the industry, and these accolades only deepen our resolve to continue creating a revitalised and flourishing community in Newcastle.” 

Iris Capital has also been nominated for the National Architecture Awards and the National UDIA Developer Awards, which will be determined later this year.

The East End precinct masterplan will transform Newcastle from Perkins Street to Newcomen Street. The fourth and final stage of this project is projected to be completed by 2027. 

Iris Capital’s investment and development activities have generated $5 billion in enterprise value over more than 25 years. Iris Capital has an annual revenue of $500 million and a workforce exceeding 1500 employees across Australia.

For more news, market insights, and lifestyle, click here.

Header image courtesy of Iris Capital.