VESTA signs final agreement with NISSAN to build suppliers´ complex

Mexico City, Mexico, July 10, 2013.—Corporacion Inmobiliaria Vesta, S.A. B. de C. V. (“VESTA”) (BMV: Vesta), one of the leading pure play industrial real estate developers in Mexico, announced today that last Friday it executed a final agreement with Nissan Mexicana, S.A. de C.V. ("NISSAN"), which consists of a 25 year trust, to develop an integrated supplier park at their new Aguascalientes manufacturing plant.

This agreement corresponds to the first phase of the project that will require a total investment of approximately US$ 57 million which will be invested on or before the following 18 months. Currently, the agreement contemplates the construction of five buildings with a total Gross Leasable Area (GLA) of 1.6 million square feet.

VESTA would finance this complex with its own resources and will have the right to collect the rents from the lease agreements to be signed with the Suppliers. The estimated average annual rent per square foot once the investment is stabilized will be US$4.60 and the average lease term will be 17 years.

With this agreement, VESTA and NISSAN confirm their commitment to the strengthening of the manufacturing sector in Mexico, particularly the auto industry.


Vesta is a real estate owner, developer and asset administrator of industrial buildings and distribution centers in Mexico. As of March 31, 2013, Vesta owned 87 properties located in modern industrial parks in 11 states of Mexico totaling a GLA of 12 million square feet (1.12 million square meters). The Company has 83 multinational clients, which are focused in industries such as aerospace, automotive, food and beverage, logistics, medical devices, and plastics, among others. For additional information visit:

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