Mexico City, December 17, 2015 - Corporación Inmobiliaria Vesta, S.A. B. de C. V. (“VESTA”) (BMV: Vesta), one of the leading pure play industrial real estate developers in Mexico, today announced that it has successfully completed the acquisition of a 194,885 ft2 (18,105 m2 ) industrial building in Tijuana, signed four lease agreements totaling 543,779 ft2 (50,519m 2 ) for its inventory buildings in Toluca, Querétaro and Tijuana and finalized the purchase of 15.4 hectares of land reserves in Ciudad Juarez as part of the expansion of Vesta Park Las Torres.

On December 15, Vesta acquired an industrial property in Tijuana with a total gross leasable area (GLA) of 194,885 ft2 (18,105 m2 ). The purchase price was US$ 7.8 million and the stabilized cap rate is 11.1%. The building is occupied by Imperial Toy de Mexico, a global leader in the sale and manufacture of children’s toys, under a 5 year lease.

The first lease contract was signed with Gestamp, an automotive supplier from Spain. Gestamp will occupy the S5 inventory building in Vesta Park Toluca II with a GLA of 281,584 ft2 (26,160 m 2 ). The term of the lease will be 10 years and the rental payments will start in April 2016.

The second lease agreement was signed with Harman International Industries, a manufacturer of home and car audio equipment headquartered in the United States and an existing tenant of the company. Harman will occupy the inventory building PIQ4 in Queretaro Industrial Park, with a GLA of 140,361 ft2 (13,040 m 2 ). The term of the lease will be 7 years and the rental payments will start in March 2016.

The third lease was signed with OPA Mexicana, a metal stamping company in Northern and Central America, also an existing tenant of Vesta. OPA will occupy 84,384 ft2 (7,840 m2 ) in the inventory building Florido 2 in Vesta Park Tijuana III in Baja California. Rental payments will start in February 2016.

A fourth rental agreement was signed with Duqueine Group Mexico, a French company specializing in the design and manufacture of aerospace parts. Duqueine will occupy a portion of inventory building QAP II inside Queretaro Aerospace Park, with a GLA of 37,450 ft2 (3,480 m 2 ). The contract has been signed for 10 years and the rental payments will start in March 2016.

Additionally, Vesta acquired 15.4 hectares of land in Ciudad Juarez as part of the expansion of Vesta Park Las Torres, for a total cost of US$ 6.0 million.

These transactions reinforce our Vesta Vision 20/20 strategic plan and underscore Vesta's track record of leasing inventory buildings on a consistent basis, as well as accommodating the growth requirements of our existing tenants and acquiring property with attractive cap rates.

About Vesta

Vesta is a real estate owner, developer and asset administrator of industrial buildings and distribution centers in Mexico. As of September 30, 2015, Vesta owned 119 properties located in modern industrial parks in 12 states of Mexico totaling a GLA of 18.73 million ft2 (1.74 million m2 ). 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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