Francisco Chávez Martínez's questions to Vesta Real Estate Corporation SAB de CV (VTMX) leadership • Q4 2024
Question
Francisco Chávez Martínez of BBVA asked about the recent land acquisition in Ciudad Juarez, inquiring how opportunistic the purchase was in terms of price given the market's softening activity, and whether the land has secured access to electricity and infrastructure.
Answer
CEO Lorenzo Dominique Berho Carranza confirmed the acquisition was a positive development for Vesta. He emphasized that a key feature of the land is its access to electricity. The site is strategically located next to Vesta's existing park near the Zaragoza commercial border crossing, which he described as the best submarket in the region. He stated this positions Vesta well to begin development whenever demand picks up.