Westport Capital holds $358m final close

Westport Capital Partners has held a $357.7 million final close for its WCP NewCold fund, well below its $500 million equity fundraising target.

WCP NewCold, a value-added fund, plans to invest in logistic properties globally, but mainly throughout Australia, France, Germany, the Netherlands, Poland and the United Kingdom.

In additional fundraising efforts, Westport recently held a $237 million final close for its WCP Special Core Plus Fund. The fund launched in June 2015 and will invest in direct properties throughout the United States. Another Westport Capital fund, WCP Real Estate Fund IV and WCP Real Estate Fund IV (ERISA), held a $314 million final close at the end of 2015.

Westport was active in redeveloping and developing properties during 2016, some of which include the Salt Point, a new development located in western Weber County, Utah, scheduled to open in late 2017, and the completed renovation of two office buildings on the Marina Landing campus in