Deutsche Pfandbriefbank AG (pbb) has provided a development and investment facility of EUR 45 million for a future special purpose vehicle of the special fund “HAL Digitale Infrastruktur Deutschland 1” managed by the Real Estate Investment Management of Hauck Aufhäuser Lampe Privatbank (HAL REIM). The loan will be used for the development and maintenance of the “dataR” data center in Rellingen near Hamburg. With a whitespace area of 2,450 square meters in the form of a colocation data center, an IT output of five megawatts is to be achieved.
With this decision, pbb underlines its commitment to sustainable infrastructure projects and acted as arranger and sole lender under the facility. With this financing, the bank is also supporting the targeted expansion of high-performance digital infrastructure and helping to ensure stable IT capacities for companies and public institutions.
Gerhard Meitinger, Head of REF Germany at Deutsche Pfandbriefbank (pbb), said: “Data centres are a central component of the digital value chain. The present project convinces with a viable business model and modern technology. The decisive factors for our credit decision for the € 45.0 million loan were the high level of reliability, the professional operator and the sustainable development of demand – regardless of subsidy or subsidy models.”
Patrick Brinker, Head of Real Estate Investment Management at Hauck Aufhäuser Lampe, says: “Many credit institutions have so far been reluctant to finance regional colocation data centers. Many factors, such as high demand, pent-up demand in terms of digitization in Germany, the strategically favorable location in Europe and the attractive return opportunities, speak in favor of investing in this asset class. We are all the more pleased that we were able to win Deutsche Pfandbriefbank for our data center project in Rellingen.”
The data center was designed as a state-of-the-art new building and meets very high requirements in terms of availability, security and technical resilience. It is designed for reliable 24/7 operation and addresses the rapidly growing demand for professional IT infrastructure services, especially for cloud applications, data-intensive business models and critical IT infrastructures. It also has redundant connectivity to the global network nodes of Amsterdam and Frankfurt am Main.
The “HAL Digital Infrastructure Germany 1”, launched and managed by HAL REIM, is a special AIF regulated in accordance with Article 8 of the EU Disclosure Regulation with a target volume of EUR 500 million. The investment focus is on new or new colocation data centers that take into account regulatory sustainability aspects and are AI-ready.
