The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
AFFORDABLE HOUSING DEVELOPMENT SUMMIT THURSDAY, AUGUST 28, 2025
AFFORDABLE HOUSING SUMMIT THURSDAY, AUGUST 28, 2025
EVENT DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
1
print
Print
HotelRenee McKeownWed 19 Jul 23

Newcastle’s East End Hotel, Retail Precinct Come to Market

The 104-room hotel within the 113-year-old heritage David Jones building has a rooftop bar with views across the harbour and coast.

Iris Capital could achieve one of the biggest transactions in Newcastle history by listing the recently opened QT Hotel, Newcastle and East End retail precinct.

The 104-room hotel with a rooftop bar is managed by hospitality giant EVT and opened in June 2022 under the QT brand.

Iris Capital used the 113-year-old heritage David Jones building for the hotel to create the cornerstone of the precinct. 

The 2775sq m site, anchored by Woolworths Metro, also includes the Lyrique Bar, a sports bar with 10 gaming machines.

The move comes weeks after the developer lodged detailed plans on the final stage of the East End project.

CBRE NSW hotels director Vasso Zographou said there had been a lot of investment in Newcastle in the past seven years which greatly benefited the growth of these assets.

“It’s a leading property, just out of the box,” Zographou said.

“It’s a Sydney equivalent QT, in Newcastle, it’s very impressive, and has experiencing 7 per cent growth year-on-year since the start of the pandemic, Newcastle continues to be a hotspot.”

null
▲ An overview of the East End project by Iris Capital at Hunter Street, Newcastle, near the city’s light rail.

Iris Capital has invested more than $700 million into the development of Newcastle’s East End as a mixed-use precinct, including the hotel, retail and residential properties.

On completion, the four stages of the East End development will include more than 500 homes accommodating more than 1400 residents.

RetailHotelAustraliaReal EstateDeal
AUTHOR
Renee McKeown
More articles by this author
ADVERTISEMENT
TOP STORIES
Traders in purple Northsea Wollongong EDM
Exclusive

Affordable Housing Bonus Drives Mixed-Tenure Momentum

Clare Burnett
6 Min
Exclusive

Industry Stoush Looms Over Construction Code Pause

Patrick Lau
4 Min
Exclusive

New Wave of Capital Washes Over Evolving Surf Park Sector

Phil Bartsch
11 Min
North Sydney TUD Plus HERO
Exclusive

NSW Housing Fix Tips North Sydney into New Era

Vanessa Croll
7 Min
 GemLife site Currumbin Waters EDM
Exclusive

Pop-Out Apartments Power GemLife’s $450m Vertical Experiment

Clare Burnett
6 Min
View All >
Kincrest The Osment Prahran HERO
Development

Kincrest Breaks Ground on its $100m Prahran Luxury Project

Leon Della Bosca
Residential

Spyre Wins Approval for ‘Aspirational’ Tugun Luxury Project

Taryn Paris
Traders in purple Northsea Wollongong EDM
Exclusive

Affordable Housing Bonus Drives Mixed-Tenure Momentum

Clare Burnett
NSW's planning changes are sparking growth in projects blending market and affordable homes, but challenges of complexit…
LATEST
Kincrest The Osment Prahran HERO
Development

Kincrest Breaks Ground on its $100m Prahran Luxury Project

Leon Della Bosca
4 Min
Residential

Spyre Wins Approval for ‘Aspirational’ Tugun Luxury Project

Taryn Paris
2 Min
Traders in purple Northsea Wollongong EDM
Exclusive

Affordable Housing Bonus Drives Mixed-Tenure Momentum

Clare Burnett
6 Min
Billbergia Legacy HDA
Residential

Two 60-Storey MacPark Towers Fast-Tracked

Clare Burnett
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/iris-capital-lists-newcastle-east-end-precinct-qt-hotel