Patrick Brinker
Head of Real Estate Investment Management
Real Estate Investment Management
We offer institutional investors attractive investment solutions in the real estate sector. We focus on needs-based investment solutions that are tailored to the specific requirements and investment guidelines of our investors and offer an attractive risk/return profile.
Exclusive access to attractive properties
Current investment strategies
Real estate is an important component of institutional investors' capital investments. That is why this segment is the focus of our activities. We develop attractive and sustainable investment strategies that often stand out from standard market concepts and thus offer added value for our clients. In principle, all segments and risk classes are considered. Increasingly, the focus is on the individual needs of investors.
Sourcing via the network: Hauck Aufhäuser Lampe provides an ideal platform with access to all market participants, including those in the financial and real estate sectors. This gives rise to ideas and innovative investment opportunities, often with early and exclusive access to attractive real estate. This is becoming increasingly important due to rising investor demand. We defined the focus of our current investment strategies back in 2019. Even then, economic independence and systemic relevance were important decision-making criteria for generating stable cash flow for investors.
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Social infrastructure – part of basic medical care in Germany
The Real Estate Investment Management Team at Hauck Aufhäuser Lampe (HAL REIM) invests nationwide in outpatient real estate infrastructure, primarily in medical centers and health centers, which play a central role in the modern healthcare landscape and are helping to shape the future of outpatient care. Tenants include, in particular, registered doctors and dentists, allied health professionals (physiotherapists, occupational therapists, speech therapists, etc.) and medical retailers (pharmacies, medical supply stores, hearing aid specialists, opticians, etc.). In addition, some locations may also include minor users of other basic social services such as outpatient care, housing, daycare centers, and educational institutions.
With this strategy, an initial fund for institutional investors was launched in 2019, which is now fully invested with 15 properties and a volume of over €250 million. The large tenant mix and an adjustment factor of 97% for indexation ensure a stable and regular distribution of value.
Professional investors have been able to subscribe to the successor product since the second quarter of 2025. HAL Social Infrastructure Germany 2 is an Article 8 fund in accordance with the EU Disclosure Regulation. It is designed primarily as an equity fund to enable banks and insurance companies to improve their capital adequacy. Banks, in accordance with CRR III regulations, and insurance companies, in accordance with Solvency II, can thus improve their equity-related returns for this fund. For all other investors, the advantage remains that the fund will not incur any credit risks.
The equity fund has a target volume of up to €200 million. The target cash-on-cash return is expected to be above 4.75 percent p.a. Due to the legal framework for health insurance, the target investment market is limited to Germany, and the fund term is 12 years.
Health center in Hagen
As a specialized asset manager, the REIM team at Hauck Aufhäuser Lampe publishes the annual “Market Report on Outpatient Healthcare Properties” with in-depth insights and up-to-date reports on the healthcare market and outpatient healthcare properties.
Market report on outpatient healthcare real estateproducts
Food retail – Stability and relevance in every market phase
Food retail is one of the most stable and systemically important types of use in the real estate segment. Regardless of economic fluctuations, demand for local food supplies remains consistently high. Markets and local suppliers play a central role in providing basic supplies, both in urban and rural areas. This social significance makes food retail a resilient and future-proof investment segment.
real in Dinslaken
real in Coesfeld
Netto in Windeck
real in Euskirchen
HAL REIM: Focus on systemically important assets
The Real Estate Investment Management Team at Hauck Aufhäuser Lampe (HAL REIM) has been investing specifically in the food retail sector for several years. The first fund, with an investment volume of over €300 million, is fully invested and boasts a robust, cash flow-strong portfolio with anchor tenants of high creditworthiness. Based on this success, a second fund has been launched, which is currently in the equity placement and investment phase.
Two strategies, one goal: creating value with vision
HAL REIM pursues a two-pronged strategy in food retail:
Core strategy: Focus on modern, long-term leased properties in established locations with high supply relevance and a stable return base.
Manage-to-core strategy (m2c): Identification and development of locations with untapped potential. The focus here is on optimization potential through location quality, tenant structure, or structural measures – with the aim of achieving core quality in the medium to long term.
This combination allows us to build a stable portfolio that generates regular distributions that are independent of economic cycles. At the same time, the implementation of manage-to-core strategies aims to achieve excess returns over traditional core strategies at the end of the fund term. This appeals to both risk-averse and growth-oriented investors while also contributing to strengthening the regional supply structure.
With its in-depth market knowledge, clear location focus, and active asset management, HAL REIM creates lasting value in a systemically important market segment – resilient, sustainable, and investor-oriented.
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Digital infrastructure – the foundation of the connected world
Digital transformation is the foundation of our knowledge society. Motivating factors include process and cost optimization and automation. For the solutions in our value chains, it is essential to establish a fail-safe infrastructure with maximum availability in system-relevant areas. Digitalization is increasingly permeating all areas of life and the economy. Data centers form the backbone of this development: they ensure the secure, efficient, and scalable processing and storage of ever-growing amounts of data. Whether cloud services, AI applications, e-commerce, or industrial automation—without powerful digital infrastructures, modern value creation would be virtually inconceivable.
With the increasing demand for data processing capacities, the relevance of data centers as a future-oriented asset class in the real estate sector is also growing. This type of use combines long-term leases with creditworthy users, low fluctuation, and stable cash flows. At the same time, it is complex to implement due to high technical requirements and regulatory specifications – and thus offers opportunities for specialized market participants with in-depth expertise.
HAL REIM: Specializing in digital infrastructure
The Real Estate Investment Management team at Hauck Aufhäuser Lampe (HAL REIM) specializes in niche types of use with the aim of providing institutional investors with access to high-yield and sustainable real estate segments. Since the end of 2023, we have been offering a platform that invests specifically in data centers with our open-ended special AIF in accordance with Article 8 of the Disclosure Regulation. The fund is aimed at professional investors who are interested in a diversified portfolio with high technical standards and a long-term perspective.
Vertical integration with Data Center Development GmbH
Data Center Development GmbH (DCD GmbH) was founded in 2025 to actively shape the entire value chain in the field of digital infrastructure. The company focuses on the early development of data center locations, starting from the greenfield phase. This expands HAL REIM's strategic options: from development and asset management to long-term portfolio management, a comprehensive investment platform for digital infrastructure properties is being created.
With the special AIF and DCD GmbH, HAL REIM is pursuing an integrated approach that offers investors access to a dynamic, sustainable, and high-growth asset class—in a market that is making a decisive contribution to the digital future.
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