Hauck Aufhäuser Lampe REIM raises €55M for German social and digital infrastructure funds
What's the deal? Hauck Aufhäuser LampeDealroom has a profile for this one. Try Dealroom → Privatbank's real estate investment management arm (HAL REIM) has raised around €55M from institutional investors in 2026, split across two specialist German property funds. Backers include an insurance company and a large savings bank.
Roughly €25M goes to HAL Social Infrastructure Germany 2, a pure equity fund focused on outpatient healthcare properties. The remaining €30M goes to HAL Digital Infrastructure Germany 1, which targets colocation data centres.
The healthcare fund launched in mid-2025 and already deployed more than €30M in seed capital from its first closing, buying three medical and health centres in Mannheim, Neunkirchen, and Landshut. Its target volume sits between €200M and €250M.
The digital infrastructure fund now holds more than €100M in equity, with a target volume of €500M. It is classified as an Article 8 special AIF, focusing on new or near-new colocation data centres that are AI-ready and meet regulatory sustainability standards.
Why now? Two megatrends are converging. Germany's ageing population is driving demand for outpatient healthcare facilities, while exponentially growing data volumes — accelerated by AI — are creating urgent need for regional colocation capacity, especially among mid-sized companies.
"The fact that we raised a total of around €55 million in the first four months of the current year shows that we have struck the right nerve with investors," said Patrick Brinker, head of real estate investment management at Hauck Aufhäuser Lampe.
What could go wrong? Both funds are still far from their target volumes. The healthcare fund needs to roughly 10x its current equity, and the data centre fund must quintuple. German real estate markets remain sensitive to interest rate movements and regulatory shifts, and the data centre sector faces rising energy costs and planning constraints.
The signal: Hauck Aufhäuser Lampe, a mature private bank with broad asset management and servicing capabilities, is leveraging that institutional distribution network to channel capital into two of Europe's most supply-constrained real estate segments. The early commitment from insurers and savings banks suggests these allocators view outpatient healthcare and colocation data centres not as opportunistic plays but as core infrastructure — a notable shift for a German institutional market historically anchored in office and residential exposure.
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