Mirvac names new funds management chief

Mirvac has appointed a new chief executive for its funds management business as the property group continues to build out its investment platform and capital partnerships.

Kit Georgeos will take on the role of chief executive of funds manager from October 6, joining Mirvac's executive leadership team and reports directly to group chief executive and managing director Cambell Hanan.

Georgeos will oversee the group's wholesale investment vehicles, capital partnerships and investor relationships. She joined Mirvac in 2023 and currently serves as fund manager of the Mirvac Wholesale Officer Fund (MWOF), where Hanan said she has strengthened investor relationships and maintained a disciplined investment approach.

"Kit is an outstanding leader with deep experience across real estate investment, funds management and capital markets, and I am delighted to welcome her to Mirvac's executive leadership team," Hanan said.

"Funds management is a core pillar of Mirvac's strategy and a key driver of our future growth. Kit's appointment provides strong continuity for investors and positions the business to continue building on the momentum established over recent years."

Georgeos brings more than 20 years of experience across real estate investment, funds management and capital markets. Having previously held senior roles at AMP, GPT Group and Macquire Group.

Mirvac is now progressing the appointment of a new fund manager for MWOF as Georgeos transitions into the broader leadership position.

The appointment comes as Mirvac continues to expand its funds management and industrial investment operations, including its partnership with Australian Retirement Trust (ART) at Western Sydney's Aspect Industrial Estate.

More than 200,000 square metres completed stages of the $850 million precinct has reached practical completion and is fully leased, with the opening of IVE Group's new 42,000-square-metre facility making another milestone.

The industrial portfolio forms part of Mirvac's broader growth strategy, with net operating income from the business up nearly 80% over the past seven and a half years.

Mirvac reported a 7% increase in FY26 operating profit to $508 million in August, while gearing fell to 24.1%. Funds management was identified as a key component of the group's strategy as it works to build recurring income and improve returns.

ART, which has more than $188 billion invested in Australian assets, is Mirvac's partner at Aspect and is also backing its $2 billion SEED industrial and enterprise precinct in the Western Sydney Aerotropolis.