Vesta announces its investment plan for the State of Guanajuato

Mexico City, December 18, 2014 – Corporacion Inmobiliaria Vesta, S.A. B. de C. V. (“VESTA”) (BMV: Vesta), one of the leading pure play industrial real estate developers in Mexico, announces its plan to invest approximately US$ 170 million in the State of Guanajuato during the 2015-2018 period.

As previously published in the Company’s third quarter, 2014, results, Vesta acquired 47.3 hectares of land reserves within the Guanajuato Inland Port in Silao, Guanajuato, for a total cost of US$ 18.2 million. The Company plans to develop approximately 217,000 m² (2,335,768 ft²) in ten buildings, representing a total investment of up to US$ 81.8 million, including infrastructure costs. The park’s infrastructure and the first two multitenant buildings, representing 40,608 m² (437,101 ft²) will begin construction in February, 2015 and require a total investment of US$ 21.1 million.

Vesta has signed a binding LOI to acquire land reserves totaling 30.7 hectares within the Poligono Empresarial San Miguel de Allende. The land will be used to develop approximately 142,600 m² (1,534,933 ft²) in eleven buildings, representing a total investment of up to US$ 64.9 million.

Additionally, Vesta acquired 5 hectares in the same park to develop a 11,305 m² (121,686 ft²) build to suit project with STANT Corporation, a U.S. automotive supplier. The investment will total US$ 6.2 million and the rental payments will start in April, 2015. The Cap rate is expected to be 11.3%.

Vesta plans to continue to acquire land reserves in the Bajio region in order to meet increased demand for industrial space within this market.


Vesta is a real estate owner, developer and asset administrator of industrial buildings and distribution centers in Mexico. As of September 30, 2014, Vesta owned 108 properties located in modern industrial parks in 12 states of Mexico totaling a GLA of 16.6 million square feet (1.5 million square meters). The Company has 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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Investor Contact in Mexico:

Juan Sottil, CFO

Iga Wolska, IRO

Tel: +52 55 5950-0070 ext.124

In New York: 

Katja Buhrer

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