Hungerford Properties Western Canada Fund II has held a final close at C$210.9 million ($170 million; €140 million), exceeding its original target of C$200 million. The fund pursues a value-add strategy when purchasing a diversified portfolio of commercial and residential properties in Western Canada.
Around three-quarters of the capital raised for the vehicle came from existing investors.
HPWC Fund I raised C$120 million at final close in August 2013.
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