Davis Polk advised Corporación Inmobiliaria Vesta, S.A.B. de C.V. (Vesta) in connection with its offering of 101,982,052 shares of common stock for a total of approximately $200 million, consisting of an offering of 23,065,218 shares to the general public in Mexico and an international offering of 79,916,834 shares outside of Mexico under Rule 144A and Regulation S. The shares trade on the Mexican Stock Exchange.
Vesta is a fully-integrated real estate company that owns, manages, develops, operates and leases industrial properties in Mexico.
The Davis Polk corporate team included partner Maurice Blanco, counsel Katia Brener and associates Ernesto Talamás Velázquez and Taha Qureshi. The tax team included partner Po Sit. Associate Sijia Cai provided 1940 Act advice. Members of the Davis Polk team are based in the New York office.