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Vesta Announces Private Sale of Portfolio in Northern and Central Regions for US$107.75 Million
- Corporación Inmobiliaria Vesta, one of the main industrial real estate companies in Mexico, has announced the sale of a real estate portfolio valued at $107.75 million.
07/27/2021
Vesta, a leading industrial real estate company in Mexico, has announced today that it has executed a purchase-sale agreement to transfer a real estate portfolio of 1,371,139 square feet in the Northern and Bajio regions, at a purchase price of $107.75 million.
The transaction is expected to close in the fourth quarter of 2021, once the relevant government approvals, including the Federal Economic Competition Commission (COFECE), are obtained.
This transaction is part of the asset recycling program incorporated in the Vesta Level 3 Strategy, presented in 2019, through which the company aims to recycle up to $300 million in property value by 2024.
You are invited to read the full article in Spanish: Link
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