Deka Immobilien has acquired a high-quality distribution centre in the industrial park of the municipality of Sant'Antonino in the Swiss canton of Ticino. The property will be included in the portfolio of the open-ended real estate fund WestInvest InterSelect. The purchase price and the seller were not disclosed.
GXO Sant' Antonino was built in 2013. It offers more than 50,000 sqm of lettable space and 80 parking spaces. Sustainability is a central feature of the property. Two photovoltaic systems with an area of around 20,000 m² are installed on the roof. The building has LEED Platinum certification, which underlines its environmental and energy efficiency.
The distribution center is leased on a long-term basis to GXO Logistics Switzerland S.A.G.L., a subsidiary of the US company GXO Logistics, Inc., the world's largest pure-play contract logistics service provider. At the site, GXO provides logistics services in Switzerland for a renowned French luxury goods company as well as for a leading German online retailer. The property is strategically located directly on the motorway near the Italian border and is located within the Germany-Basel-Milan logistics corridor, one of Europe's most important supply chain hubs.
This transaction is the first logistics investment in Switzerland for WestInvest InterSelect. With this acquisition, the fund secures a modern, future-proof property with strong sustainability characteristics and reliable, long-term income from an internationally established tenant.
