Germany’s Hauck Aufhäuser Lamp Privatbank is launching a data center investment fund.
Announced this week, the private bank's real estate investment management unit is launching a €300 million ($327m) fund for institutional investors, targeting data centers in major German cities. It is the company's first data center-focused fund.
The fund will focus on hyperscaler and colocation data centers and investments of €10 million ($10.9m) or more. The fund’s first acquisition investment is reportedly in review and expected to close this year.
The target volume of the fund, with a planned term of twelve years, is at least €300 million with a maximum debt share of 50 percent.
“Whether working from home, online shopping or streaming, advancing digitalization is shaping our everyday lives and is becoming a key factor in economic growth,” said Patrick Brinker, head of real estate investment management at Hauck Aufhäuser Lamp Privatbank.
“With our special fund, we want to advance the expansion of the digital infrastructure in Germany and offer institutional investors an attractive investment opportunity in a cyclically independent and future-proof asset class.”
Founded in 1753, Hauck & Aufhäuser Privatbankiers AG is a private bank based in Frankfurt.