Industrial Property Developer Plans IPO

Mexico’s Corporacion Inmobiliaria Vesta is planning to hold an IPO, according to regulatory documents. The industrial property developer does not give an indication of the size of the transaction or when it will be launched. Vesta plans to use 75% of the proceeds for construction of new projects and the remainder for acquisitions. The developer is in 11 Mexican states and specializes in light manufacturing and distribution facilities. Credit Suisse and Santander are managing.