Dexus Healthcare Property Fund (DHPF) has attracted A$250m (€158m) in its latest capital raising from existing and new investors.

Since inception, the open-ended unlisted fund has raised A$850m from 12 institutional investors and investor groups, including co-investment by Dexus.

DHPF fund manager Jemma Maddick told IPE Real Assets the latest capital raising brought in six new Australian and foreign investors, including pension funds.

The capital injection has enabled DHPF to invest in two developments in Brisbane: Spring Hill Medical Centre and Herston Car Park.

Maddick said the fund had another project under development and a pipeline of acquisition opportunities that would eventually take the total value of the fund’s assets to about A$1.4bn.

Maddick expected the latest capital raising to be fully deployed by next year, when Dexus would again open the fund for new investment.