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MEXICO CITY, April 19, 2022 /PRNewswire/ — Corporación Inmobiliaria Vesta, SAB de CV (“Vesta”) (BMV:VESTA), one of the leading pure play industrial real estate developers in Mexicotoday announced a new strategic investment in Tijuana, Baja Californiato begin construction of the Vesta Park Mega Region. The total investment for this development will be up to US$ 101 million dollars. Construction began in 2021 with expected completion in 2023.
The announcement was made in the presence of the Governor of Baja CaliforniaLic. Marina del Pilar Ávila Olmeda, and the State Secretary for Economic Development, Kurt Honold.
Vesta Park Mega Region will consist of 1.0 million square feet, with six world-class buildings which will be constructed with the flexibility to meet tenants’ needs, also with LEED certification aligned with the highest global standards for sustainability as well as a full suite of services including energy, water and drainage.
The park is located 25 kilometers from the Mexico-US border, enabling optimal e-commerce and distribution, as well as access to specialized labor.
Lorenzo D. BerhoVesta´s CEO, stated: “This park is directly aligned with Vesta’s Level 3 strategy, as well as our national focus on continuing to expand in the most important development regions in the country. Baja California is one of our Company’s five target growth regions and our second highest growth area in Mexicowhere we are focused on allocating resources towards our aggressive growth.”
About Vesta
Vesta is a best-in-class, fully integrated real estate company that owns, manages, acquires, sells and develops industrial …
Full story available on Benzinga.com
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