With the acquisition of a high-quality distribution center, located in the commercial area of the municipality of Sant’Antonino, in the canton of Ticino, the open-ended real estate fund WestInvest InterSelect is entering the Swiss logistics market for the first time. In doing so, the fund secures a modern, future-proof property with strong sustainability features and reliable long-term income from an internationally established tenant. The parties have agreed not to disclose the purchase price or the seller.
The property was completed in 2013 and offers more than 50,000 sqm of lettable space along with 80 parking spaces. Two large photovoltaic systems, covering 20,000 sqm of rooftop area, contribute to on-site renewable energy generation. The building is also LEED Platinum certified, meeting the highest standards for energy efficiency and environmental performance.
The property is fully let on a long-term lease to GXO Logistics Switzerland S.A.G.L., a subsidiary of the U.S.-based GXO Logistics, Inc., the world’s largest pure-play contract logistics provider.
At this site, located directly off the motorway and close to the Italian border in the Germany–Basel–Milan logistics corridor, one of Europe’s most important supply chain hubs, GXO provides logistics services in Switzerland for a renowned French luxury goods company and a well-known German online retailer.
This acquisition underlines Deka Immobilen´s commitment to targeted portfolio diversification, secure long-term income, and the belief that sustainable, modern logistics properties will remain a cornerstone of the future real estate market.
