Engage · Industrial fund
Engage Invest
A specialised industrial fund focused on identifying and unlocking value in income-producing assets across South East Queensland. Where Engage Developments undertakes large-scale greenfield and brownfield projects, Engage Invest focuses on performance, creativity, and solving complex real estate problems through repositioning.
Our mission is to deliver risk-adjusted returns by acquiring assets with unrealised potential and applying strategic enhancements - targeting assets where location, income potential and alternate use upside are sound, but where hands-on management can unlock meaningful value.
Our unique perspective and problem-solving unlock opportunities others miss.
Strategic enhancements
01
Repositioning and expansion of existing improvements
02
Strata-titling subdivision, or building break-up
03
Leasing optimisation and tenant re-alignment
04
Operational improvement and cost efficiency
05
Low-capex value creation - awnings, hardstand and similar
Why now
The lowest availability of zoned industrial land of any state in Australia.
South East Queensland is facing an acute shortage of zoned and serviced industrial land. With less than 11% of Brisbane's zoned industrial land undeveloped, and rapid population and e-commerce growth accelerating demand, strategic sites are becoming increasingly rare and valuable. Coupled with Brisbane's emergence as a key logistics hub, this scarcity creates a compelling backdrop for identifying underutilised assets and unlocking their full potential.
Industrial real estate remains one of the most resilient and in-demand asset classes, but it can be difficult to access without specialist experience. Zoning, leasing dynamics, tenant relationships, perceived vacancy periods, capital requirements and regulatory complexity often deter private investors. Engage Invest offers a professionally managed entry point into the sector, backed by decades of on-the-ground experience.
<11%
of Brisbane's zoned industrial land undeveloped
15%IRR
target passive return
75%ROE
target over a five-year term
30years
industrial real estate experience behind the fund
Returns
Targeting circa 75% ROE over 5 years, Engage Invest is built for serious long-term value.
Engage Developments
30–50% ROE
Over a two-year window
Engage Invest
circa 15% IRR
A more passive return, equating to a target 75% ROE over a five-year term - reflecting a focus on steady growth, income and long-term uplift.
Current and recent developments
Hundreds of millions of dollars delivered across industrial, residential, commercial and mixed-use assets over 15 years.
The advantage
Thirty years in industrial real estate.
Engage Invest leverages the industrial expertise and trusted network of Richard Morrison, whose strategic, hands-on style is key to the fund's approach. Twenty years in corporate agency and the last decade running his own advisory firm mean he knows the sector inside out - from leasing and development to unlocking hidden value in complex sites.
What sets Richard apart is his ability to spot potential where others don't, and his access to opportunities that never go public. He has a sharp eye for deals that need more than capital - they need creativity, timing and experience. His work shapes the kind of off-market, high-upside assets Engage Invest is built to deliver.
Ways to invest
01
Syndication
A collective investment into a selected asset or project with shared returns and a transparent structure, with a target return within five years.
02
Engage Invest Partner Fund
We syndicate around an existing owner who retains a stake, creating the potential for a liquidity event through a partial sell-down. This model unlocks value in underutilised assets while aligning closely with the current landlord.
03
Engage Invest Uno
A tailored, single-investor structure where Engage Invest sources, acquires and manages a bespoke industrial asset exclusively for one investor. This can be structured as a mandate arrangement.