Mexico’s Vesta to Hasten Industrial Park Projects, CEO Says

$446 million from US listing will be used in existing pipeline
CEO Lorenzo Berho speaks in interview with Bloomberg News

A worker walks inside a warehouse under construction at Corp. Inmobiliaria Vesta SAB’s Aerospace Park in Queretaro, Mexico, in 2013.Photographer: Susana Gonzalez/Bloomberg

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By Michael O'Boyle

July 11, 2023 at 11:00 AM UTC

Updated on

July 11, 2023 at 9:49 PM UTC

This article is for subscribers only.

Industrial real estate developer Corporacion Inmobiliaria Vesta SAB is speeding up its development pipeline after its US listing, its chief executive officer said on Monday.

The company is now planning to complete a pipeline of $1.1 billion of projects by 2025, two years earlier than initially planned, CEO Lorenzo Berho Carranza said in an interview.