Stuart Penklis

CEO, Development – Residential, Commercial & Mixed Use


Stuart Penklis was appointed CEO, Development – Residential, Commercial & Mixed Use in 2022. In this role, Stuart has ultimate accountability for leading and managing Mirvac’s $30billion Development Pipeline across all asset classes. As CEO Development, Stuart is responsible for Mirvac’s Development, Design, Sales & Marketing and Construction Divisions. 

Stuart has more than 27 years of experience in the property industry, including a number of senior roles in his 21 years with Mirvac, in development and investment across multiple sectors.

Prior to being appointed CEO Development, Stuart was Head of Residential for six years responsible for Mirvac’s residential business including Land, Housing and Apartments across Australia. 

Since joining Mirvac in 2002, he has had a diverse range of roles across the business including CEO Industrial Development and senior roles on the Mirvac US Industrial Trust (ASX:MIX).

Stuart has played a major lead role in securing and delivering a diverse set of the Group’s large-scale residential and commercial industrial development projects.

Prior to joining Mirvac, Stuart spent six years at Savills across Industrial, Valuation and Advisory.

Stuart is a Board member of the Salvation Army’s Corporate and Philanthropic Advisory Council. He is also a Non-Executive Board Director of the Property Council of Australia. Stuart is also Chairperson of the National Residential Development Council of the Property Council of Australia.

Stuart holds a Bachelor of Land Economics from the University of Technology Sydney, Graduate Diploma in Management (GradDipM) and Graduate Certificate in Management (GradCertM).


Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.  

Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.