Vesta announces the results of its public offering
MEXICO, April 27, 2021 / PRNewswire / – Corporación Inmobiliaria Vesta, SAB de CV (“Vesta”) (BMV: VESTA), one of the leading pure play industrial real estate developers in Mexico, today announced the favorable results of its first offering of common shares priced per share of Ps.$ 39.00, consisting of an offer of shares of Mexico through the Mexican Stock Exchange with international distribution under Rule 144A / Reg S. The gross proceeds to be received by Vesta are Ps.$ 3,977,300,028.00 (equivalent to 200,000,000 USD).
The main global offer takes into account 101,982,052 shares and an over-allotment option of up to 15% calculated on the number of shares covered by the main offer, i.e. 15,297,306 additional shares, option that may be exercised by the lessees. closed within 30 days of that date.
The primary net proceeds will be used to implement the Level 3 strategy, which includes the development of bespoke buildings (“BTS”) and inventory, as well as the acquisition of land reserves and working capital.
Vesta is a premier, fully integrated real estate company that owns, manages, acquires, sells, develops and redevelops industrial properties in Mexico. From December 31, 2021, Vesta owned 188 properties located in modern industrial parks in 15 states of Mexico totaling a GLA of 31.2 million feet2 (2.90 million m2). The company has multinational clients, which are concentrated in industries such as retail, aerospace, automotive, food and beverage, logistics, medical devices and plastics, among others. For more information visit: www.vesta.com.mx
SOURCE Corporación Inmobiliaria Vesta, SAB de CV