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Iris Capital CEO Sam Arnaout back Newcastle council’s Stairway to Heaven project | Newcastle Herald



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IRIS Capital CEO Sam Arnaout has backed Newcastle council’s Stairway to Heaven project, saying his company is “100 per cent committed” to investigating whether it can be incorporated into its East End development. But the developer, who on Thursday officially opened East End’s first stage alongside lord mayor Nuatali Nelmes, has warned the deal must stack up financially in order to progress. “The stairway project is in its infancy,” he said. “We will look to work very tightly, closely and collaboratively with council to ensure we have exhausted every avenue to see whether the viability council talks about is existing. “We will leave no stone unturned. We will absolutely investigate all options, but first and…

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