The Firm represented JP Morgan and Morgan Stanley as joint global coordinators, and BofA Securities, BTG Pactual and Santander, as joint book-runners, in Vesta Real Estate Corporation’s follow-on offering of 70,047,634 common shares, including shares represented by American Depositary Shares. The global offering was registered with the Securities Exchange Commission and the Mexican Comision Nacional Bancaria y Valores. Vesta intends to use the net proceeds from the offering to fund its growth strategy.
Vesta is a real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. As of March 31, 2026, Vesta owned 231 properties located throughout Mexico’s key trade logistics corridors with the United States, manufacturing centers and urban areas, totaling a gross leasable area of 43.0 million square feet. Vesta has global clients in a variety of industries such as automotive, aerospace, retail, high-tech, pharmaceuticals, electronics, food and beverage and packaging.
The Simpson Thacher team included Juan Francisco Mendez, Enrique Güijosa, Alicia Corbo and Taisa Sani (Capital Markets); Jonathan Cantor (Tax); and Jennie Getsin (Blue Sky).