German investment bank Hauck Aufhäuser Lampe Privatbank has launched a new data center firm.

The real estate investment management of Hauck Aufhäuser Lampe Privatbank (aka HAL REIM) has now established a platform for the development of data centers in Germany: HAL Data Center Development (HAL DCD).

A wholly owned subsidiary of Hauck Aufhäuser Lampe Privatbank, HAL DCD will offer services around data center development, including acquisition, planning, financing, construction, and leasing. The company said the new platform will open up entry into the German market for international investors.

As well as HAL’s existing properties within the company’s in-house data center fund, HAL DCD will mainly focus on the development of turnkey data centers with 10MW of IT capacity or more. Details of any planned data centers were not shared.

“The newly established platform combines the expertise for data centers with asset management, structuring experience, access to the operators, access to different sources of capital, and project development experience,” said Patrick Brinker, head of real estate investment management at Hauck Aufhäuser Lampe. “The aim as operating partners is to bring together all stakeholders such as land owners, operators, authorities, electricity and network operators, financiers, and investors.”

Peter Pohlschröder has been appointed managing director of HAL DCD and co-head of digital infrastructure at Hauck Aufhäuser Lampe Privatbank.

“Fueled by the increasing demand for datacenter capacities, we will cater for HAL’s digital infrastructure fund, international investors and operators, providing powered shells and capable land in Germany,” Pohlschröder said on LinkedIn.

Founded in 1753, Hauck & Aufhäuser Privatbankiers AG is a private bank based in Frankfurt. The company has been funding data centers for five years; at the end of 2023 it launched the €300 million ($340.8m) HAL Digital Infrastructure Germany 1 dedicated data center fund. Last year, the fund acquired a data center development in Hamburg.