We advised Vesta on the ADS offering

Davis Polk advised Corporación Inmobiliaria Vesta, S.A.B. de C.V. (Vesta) on its $148.8 million U.S. follow-on offering of 4,250,000 ADSs, representing 42,500,000 of its common shares. The ADSs are listed on the New York Stock Exchange under the symbol “VTMX.” 

Vesta is a real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. With a portfolio comprising 213 buildings in modern industrial parks in 16 states of Mexico, Vesta has a gross leasable area of 36.9 million square feet. Vesta has world-class clients in industries such as automotive, aerospace, technology, pharmaceuticals, electronics, food and beverage, and packaging.

The Davis Polk corporate team included partner Maurice Blanco, counsel Drew Glover and associate Javier Félix. Associate Caroline R. Zhang provided Investment Company Act advice. The tax team included partner Lucy W. Farr and associate Yueyu Yang. Members of the Davis Polk team are based in the New York and Northern California offices.