Vesta to Develop Industrial Spaces in the State of Mexico
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Vesta to Develop Industrial Spaces in the State of Mexico

Photo by:   Alfredo del Mazo's twitter
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Fernando Mares By Fernando Mares | Journalist and Industry Analyst - Wed, 03/15/2023 - 12:36

The government of the State of Mexico announced that the real estate company Corporación Inmobiliaria Vesta will invest in developing more industrial spaces. According to Governor Alfredo del Mazo, this investment will boost the State of Mexico’s logistical capabilities and create more jobs, as well as boost infrastructure refurbishing programs.

Governor del Mazo announced he met with Vesta representatives, headed by Lorenzo Berho, President, Vesta. The parties discussed an investment of over US$135 million as part of the company’s project Punta Norte, with which it will develop industrial infrastructure in Cuautitlan Izcalli as well as two industrial warehouses in Toluca, the State of Mexico’s capital. 

The company said it will invest US$118 million in Cuatitlan Izcalli to develop more industrial space to be incorporated into the Cuatitlan-Tepozotlan-Tultitlan corridor, which represents 25% of the total industrial surface and 28% of the industrial complexes in the State of Mexico. Del Mazo said that this investment will create over 3,000 jobs. 

Vesta will also invest US$17 million to construct two warehouses in Toluca, which will create over 250 direct jobs and boost the modernization of the state’s infrastructure.

Del Mazo highlighted that Vesta’s parks are strategically located, which makes it easier to have access to ports, airports and highways. He also mentioned that Vesta’s assets have sustainable features. The State of Mexico hosts over 2,500 companies, according to Del Mazo, and can expand its capacity to host more players, which is why the government is working on constructing “next-generation industrial parks.” 

Governor Del Mazo stated that his government has been actively involved in the refurbishment and modernization of infrastructure in municipalities that host industrial parks such as Huehuetoca, Naucalpan and Toluca. 

Del Mazo said that Vesta’s investment is proof of the industrial sector’s confidence in his administration. Since 2022, the state received investments from Fibra UNO (FUNO) in Tepoztlan, EQT Exeter in Teoloyucan, Litos in Lerma, Macquarie in Cuatitlan Izcalli and Prologis in Lerma, Cuatitlan Izcalli and Toluca. 

Vesta is a Mexican real estate company focused on the industrial sector. It manages industrial properties in Monterey, Guadalajara, Queretaro, Puebla, Aguascalientes and the State of Mexico, among other locations.

Photo by:   Alfredo del Mazo's twitter

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