Deka Immobilien acquires first logistics property in Switzerland for WestInvest InterSelect

 
Frankfurt, 27.08.2025

Deka Immobilien has acquired a best in class distribution centre in the commercial district of Sant’Antonino, in the Swiss canton of Ticino. The property will be added to the portfolio of the open-ended real estate fund WestInvest InterSelect. The parties have agreed not to disclose the purchase price or the seller.

GXO Sant’Antonino was built in 2013 and offers more than 50,000 m² of lettable space and 80 parking spaces. Sustainability is a core feature of the property: two photovoltaic systems spanning roughly 20,000 m² are installed on the roof. The building has been awarded LEED Platinum certification, underscoring its environmental and energy efficiency credentials.

The distribution centre 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. The location is a shared-user automated site through which GXO provides logistics services to major companies within the Swiss territory, including a leading French luxury goods company and a major German online retailer. Strategically positioned directly off the motorway near the Italian border, the property sits within the Germany–Basel–Milan logistics corridor, one of Europe’s most important supply chain hubs.

This marks the first logistics investment in Switzerland for WestInvest InterSelect. The acquisition secures a modern, future-proof property with strong sustainability features and reliable long-term income from an internationally established tenant.

Deka Group, consisting of DekaBank Deutsche Girozentrale and its subsidiaries, is the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe). With total customer assets under management of 427 billion euros (as at 30.06.2025) and 5.9 million securities accounts, it is one of the largest securities service providers and real estate asset managers in Germany. Deka Group offers investment solutions and services for private and institutional investors and aligns its products with the requirements of its owners, the savings banks.

The Deka Group's global real estate expertise is pooled in its Real Estate Division. The management companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH provide management and support for EUR 51 billion (as at 31/12/2024) in real estate assets.