Hungerford Properties raises C$210.9m

The Canadian investment manager closes second fund above target.

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.