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Thursday, 23 June 2022

Aware Super has appointed Michelle McNally as the founding Chief Executive Officer of its new property platform, Aware Real Estate

Ms McNally has joined from ISPT, where she worked in several senior executive roles. She has more than 25 years of property investment experience and her previous roles also include General Manager of Property for Australia Post and senior positions at Jones Lang LaSalle.

Aware Super is establishing Aware Real Estate to oversee its directly-owned Australian build-to-rent, industrial and office property portfolio. The move is part of a suite of measures the fund is pursuing to achieve greater efficiencies, and subsequently even stronger returns for its 1.1 million members, through an evolution of its investment strategy.

Aware Real Estate already has a $1.5 billion property portfolio of high-quality industrial, office and residential assets across Australia. These include build-to-rent developments – including essential worker affordable housing – in Sydney, Melbourne, Perth and Canberra, and industrial investments in Western Sydney.

Damien Webb, Aware Super’s Deputy Chief Investment Officer and Head of Real Assets, said Ms McNally was the ideal leader for Aware Real Estate.

”In an exceptional field, Michelle was the standout candidate for this role,” Mr Webb said

”We set our sights on finding an accomplished, energetic and visionary leader, and someone with deep, contemporary experience in the Australian property market. In Michelle, we’ve found just that. We’re very excited to have secured her for this position.

”Michelle’s values will resonate deeply with Aware Super members, who rely on us as their super fund to do well for them at the same time as doing good in the communities where they work, live and retire.” 

Ms McNally said she was delighted to have joined the property platform.

”It’s wonderful to have come on board right at the outset to put the foundations in place for Aware Real Estate to deliver the strong investment returns that Aware Super is renowned for.

”Aware Super already has a strong track record of innovation and excellence in property investment, and it’s incredibly energising to have a hands-on leadership role as we prepare to launch a new chapter that builds on that impressive record.” 

Aware Real Estate is being set up in partnership with Altis Property Partners, an independent Australian real estate investment manager. Altis has a strong track record in delivering quality projects with Aware Super and is playing a foundational role in establishing this portfolio.

Most recently at ISPT, Ms McNally was General Manager, Investor Solutions, Market Strategy and Engagement, overseeing $20 billion in funds under management. Her other roles at ISPT included General Manager of the group’s $8 billion Australian office portfolio. At Australia Post, Ms McNally oversaw 1.8 million square metres of logistics, retail and office assets occupied by the postal authority.

Michelle McNally biography

Michelle has more than 25 years of property investment experience both in Australia and overseas. She held several roles at ISPT, including General Manager of ISPT’s $8 billion Australian office portfolio, and General Manager of Investor Solutions, Market Strategy and Engagement across ISPT’s business, with $20 billion in funds under management.

Michelle’s experience spans various property sectors, markets, and business settings, including in her recent role as General Manager of Property for Australia Post, where she was responsible for one of Australia’s largest occupier portfolios with more than 1.8 million square metres of logistics, retail and office assets.

Michelle is a Director at Women’s Property Initiative, a community housing provider of long-term housing for women and children at risk of homelessness. She is a passionate advocate for women in the property industry, having served on various industry peak body committees and through her work with Ten Women Melbourne.

For media enquiries, contact:

Peter Taylor, External Communications Specialist

t:  0487104313


Note to Editors

Previously known as First State Super, we changed our name to Aware Super in September 2020.

Aware Super is a name that reflects our members and what we stand for. It echoes the strengths of our past, aligning to our purpose to be a force for good in superannuation, retirement, and advice, driving better outcomes for our members, their families, and communities. 

Aware Super has been the fund for people who value community since 1992, and we’re now one of Australia’s largest funds and continuing to grow. We merged with VicSuper and WA Super in 2020 and now manage $155 billion in savings for more than 1 million members located across the country.

Our members work in roles that breathe life into their communities and they expect us to do the same. So, we invest in assets that we believe will make a positive difference today – improving our communities, building a more a sustainable economy and supporting employment both locally and globally at the same time as providing strong long-term returns. 

Discover how we’re helping members do well financially while doing good in the world: Visit