The Vesta Real Estate Corporation announced that it plans to invest 1.1 billion dollars in the country in the coming years for the development of industrial parks in the country.

“We are seeing the opportunities that exist in the country, given the geopolitical conditions.

This is the highest investment announcement to date, which is accompanied by issues of nearshoring manufacturing, e-commerce, in five strategic regions for the company: Tijuana, Monterrey, Ciudad Juárez, Bajío Norte, Bajío Sur y Estado de México y Mexico City" said Lorenzo Dominique Berho, CEO of the company.

Within the framework of its tenth anniversary listed on the Mexican Stock Exchange (BMV), the manager indicated that within the nearshoring aspect, which is due to a reordering of local supply chains, they see a great opportunity for the country.

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José Oriol Bosch, general director of the BMV, indicated that Vesta is a success story that has been well founded and that investors have rewarded this.

“We have served multinational companies, many of them with high credit quality and many of them are already here, what they do is expand those operations. We see other companies that for some reason decide to return to North America and we are seeing that it is difficult to do so in places like the United States, where there are labor, operational, cost and other challenges and Mexico has shown that it is the competitive place for excellence, not only for having competitive costs, but also because it has had issues of time, value and even time zones”, the Vesta manager.

Within this growth plan for their Vesta parks, they contemplate six buildings in Tijuana, which are already under construction today; Juarez City; two projects in Monterrey, with some industrial parks.

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Given the inflationary impact that the costs of construction materials have had, which according to the National Institute of Statistics and Geography (Inegi) is at 15.35 percent, the manager stressed that he has a specialized team in management of analysis and measurements of said costs, in order to have a competitive offer; however, the firm has not been immune to the economic outlook and has reported increases in its rents, hand in hand with greater demand.

The director of Vesta said that going forward the volatility in construction costs will continue and therefore, the adjustments related to the dynamics of macroeconomic changes will also be present.

In Solili you can consult industrial warehouses available in Guadalajara and Saltillo

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