Juan Achutegui

Juan Achutegui asked about Vesta's strategy for accelerating Route 2030 projects in the first half of 2026, considering the upcoming USMCA review and elevated vacancies in markets like Tijuana. He also inquired if positive demand signals are primarily from existing or new tenants.

Answer

CEO Lorenzo Dominique Berho and CFO Juan Achutegui explained that Vesta carefully analyzes each market to resume new developments, with Guadalajara already seeing new starts. They emphasized Mexico's strong relative position and confirmed demand signals are coming from both existing and new tenants across diverse industries like electronics, aerospace, and logistics.

Juan Achutegui asked about Vesta's comfort in accelerating Route 2030 projects in H1 2026, considering positive demand signals but also elevated vacancies in some northern markets like Tijuana and the upcoming USMCA review. He also inquired if demand signals are from existing or new tenants.

Answer

CEO Lorenzo Dominique Berho stated that Vesta sees positive demand signals across most markets, especially in Mexico City and Guadalajara, which have low vacancy rates. He confirmed Vesta will carefully analyze market-by-market demand and sector trends, resuming new developments where strong demand exists, such as the recent start in Guadalajara. He noted that demand comes from both existing and new tenants across diverse industries like electronics, aerospace, and logistics, with Mexico remaining well-positioned globally.