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The Real Estate Investment Management of Hauck Aufhäuser Lampe Privatbank (HAL REIM) has acquired the Medi+Vital medical and health centre in Neunkirchen near Siegen for the "HAL Social Infrastructure Germany II". This is the first investment for the recently launched special real estate fund, following the successful completion of the first closing of more than EUR 30 million.
"Just a few months after our first closing, we were able to acquire the first asset for our investors. We have other lucrative properties in our pipeline and plan to fully allocate the seed capital raised before the end of this year," says Patrick Brinker, Head of Real Estate Investment Management at Hauck Aufhäuser Lampe. "In order to be able to maintain this pace in 2026, we are already in the second phase of raising capital with our fund."
The medical and health center was completed in 2016 and is in very good condition. It comprises 13 units with around 3,000 square metres of lettable space. The property is fully let and the tenant structure is fully focused on health and health-related services. In addition to various human medical practices of various disciplines, the house houses practices for physiotherapy, podiatry and occupational therapy as well as a center for medical rehabilitation and fitness. The offer is supplemented by a pharmacy, a medical supply store and a health insurance company.
The units of the Medi+Vital Neunkirchen are arranged around a light-flooded atrium with a glass roof. Around 50 car parking spaces are available for patients, visitors and tenants in the hotel's own car park. In 2026, a photovoltaic system will be installed on the roof.
The property fully complies with the investment criteria of HAL Social Infrastructure Germany II, which focuses on core and core+ properties with long-term letting, a high occupancy rate in the healthcare sector and positive sustainability effects.
"With this acquisition, we are laying an important foundation for the portfolio development of our new fund. Medi+Vital has been strengthening medical care locally and in the region for years. At the same time, it meets our requirements for returns, intrinsic value and sustainability," explains Felix Rotaru, Director Healthcare at HAL REIM.
The "HAL Social Infrastructure Germany II" fund is designed as a pure equity fund in order to enable banks and insurance companies to improve their capital adequacy. Banks (CRR III regulations) and insurance companies (Solvency II) can thus improve their return on equity for this fund. For all other investors, there is the advantage that the fund does not take any credit risks. The fund is aiming for a target volume of EUR 150 to 250 million and invests in core and core+ properties in outpatient healthcare. In addition, he pursues a value-add strategy with a share of up to 30 percent of the portfolio. A dividend yield of over 4.75% p.a. is targeted.
