Corporación Inmobiliaria Vesta, S.A.B. de C.V., one of Mexico’s leading pure play industrial real estate developers, announced the fulfillment of conditions and successful completion of the sale of a portfolio (“the Portfolio”) comprised of two industrial properties equivalent to 1,371,129 square feet located in Querétaro and Ciudad Juárez, as was announced on 2021. The Portfolio was sold for US$ 107.8 million, corresponding to the full amount so agreed.
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“We are very pleased with the outcome of our most recent portfolio sale, where our asset recycling strategy was executed seamlessly and successfully per our Level 3 Strategy,” commented Lorenzo Dominique Berho, CEO of Vesta. “Vesta’s exceptional properties continue to attract premier tenants, and the proceeds from this sale enables us to strengthen Vesta’s balance sheet while gaining financial flexibility to continue investing in the development of high quality buildings, focusing on the regions with highest growth in the country aligned with our growth strategy.”
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