Deka Immobilien makes first Swiss logistics investment for WestInvest InterSelect

Deka Immobilien has completed the acquisition of a distribution centre in Sant’Antonino, in the Swiss canton of Ticino, marking the fund manager’s first logistics investment in Switzerland for its open-ended real estate fund, WestInvest InterSelect. The purchase price and seller have not been disclosed.

The property, known as GXO Sant’Antonino, was built in 2013 and provides more than 50,000 square metres of lettable space along with 80 parking spaces. The building features two rooftop photovoltaic systems covering around 20,000 square metres and has been awarded LEED Platinum certification.

The distribution centre is fully occupied under a long-term lease by GXO Logistics Switzerland S.A.G.L., a subsidiary of U.S.-based GXO Logistics, Inc., one of the world’s largest contract logistics providers. The site operates as a shared-user automated facility serving major companies across Switzerland, including a leading French luxury goods manufacturer and a German online retailer.

Located near the Italian border and directly connected to the motorway network, the property benefits from its position within the Germany–Basel–Milan logistics corridor, considered one of Europe’s most significant supply chain routes.

According to Deka Immobilien, the acquisition adds a modern, sustainable, and strategically located asset to WestInvest InterSelect’s portfolio, secured by a stable tenant and long-term lease structure.