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Corporacion Inmobiliaria Vesta SAB de CV (VESTA.MX)

VESTA.MX on Mexico Stock Exchange

26 May 2017
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Latest Key Developments (Source: Significant Developments)

Corporacion Inmobiliaria Vesta signs new lease, buys land reserves
Friday, 13 May 2016 10:57am EDT 

Corporacion Inmobiliaria Vesta SAB de CV : Said on Thursday signed a lease agreement with automotive manufacturer Bilstein, a subsidiary of ThyssenKrupp , to develop a built-to-suit building in San Miquel de Allende, Guanajuato, Mexico . The development for Bilstein will involve a total investment from Vesta of around $6.9 million . The term of the lease will be more than 10 years and the rental payments will start in Dec. . Monthly rent is expected to be $62,246 .Says acquired 19.6 hectares of land in Guanajuato for $7.1 million and plans to develop 88,000 square metes in several buildings.  Full Article

Corporacion Inmobiliaria Vesta SAB de CV acquires 72 hectares of land
Friday, 11 Dec 2015 06:50am EST 

Corporacion Inmobiliaria Vesta SAB de CV:Acquires 72 hectares of land reserve to develop an industrial park.Expects to invest around $115 million in the park, including land acquisition expense.The park to be devoted mainly to automotive industry with Nissan, Compas (formed by Renault-Nissan-Daimler) and other companies from the region.To carry out the investment during five years, starting with infrastructure development in 2017.Additionally, will invest up to $20 million in new buildings in an existing Vesta Park DSP.  Full Article

Corporacion Inmobiliaria Vesta SAB de CV to invest $91.7 mln in Veracruz, Puebla and Tijuana
Thursday, 10 Sep 2015 04:09pm EDT 

Corporacion Inmobiliaria Vesta SAB de CV:To invest $91.7 million in Veracruz, Puebla and Tijuana between 2015-2018.Acquires land reserve of 11,210 square meters in Veracruz, plans to invest $6.6 million in developing the land.Acquires 12.3 hectares of land in Tijuana with an investment of $15.1 million, plans to develop 55,742 square meters in three buildings within next 36 months with investment of up to $35.6 million.Acquires land reserve of 23 hectares in Puebla, plans to develop six buildings with 102,193 square meters area with investment value up to $49.5 million in next 36 months.  Full Article

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