Exhibit 21.1

List of Subsidiaries of Corporación Inmobiliaria Vesta, S.A.B. de C.V.

         
Subsidiary
 
Jurisdiction of incorporation
 
Name under which the
subsidiary does business
QVC, S. DE R.L. DE C.V.
 
Mexico
 
Vesta
QVC II, S. DE R.L. DE C.V.
 
Mexico
 
Vesta
VESTA BAJA CALIFORNIA, S. DE R.L. DE C.V.
 
Mexico
 
Vesta