Vesta invests US$135 million in the State of Mexico
MEXICO – The GOVERNOR of the STATE OF MEXICO, Alfredo Del Mazo, together with Corporación Inmobiliaria Vesta, a company specialized in logistics, manufacturing, and e-commerce developments, have announced two new projects in the municipalities of Cuautitlan Izcalli and Toluca, which will receive an investment of more than US$135 million.
According to Del Mazo’s social media, Vesta, a fully Mexican-owned company that designs, operates, and leases industrial buildings and distribution centers, will invest more than US$135 million in constructing the Punta Norte project in Cuautitlán Izcalli and two industrial warehouses in Toluca.
The Governor explained that Punta Norte, located in Cuautitlan Izcalli, will receive an investment of US$118 million and will create 3,000 jobs. Due to its size and features, it will become a development hub within the Cuautitlan-Tepotzotlan-Tultitlan corridor, which makes up 25% of the industrial surface and 28% of the complexes in the State.
Furthermore, Vesta will also invest more than US$17 million to build two industrial warehouses in Toluca, creating 250 direct jobs and promoting the modernization of productive infrastructure in the capital of the State of Mexico.
The management stated that Vesta’s industrial parks are strategically located, enabling easy access to ports, airports, and highways. These parks also feature advanced and eco-friendly facilities tailored for light manufacturing, logistics, and e-commerce operations by multinational corporations.
Governor Alfredo Del Mazo highlighted that the industrial real estate sector in Mexico hosts more than 2,500 firms and possesses the potential to continue bolstering the state’s economic vitality. To this end, the state has been making headway in developing cutting-edge industrial parks.
He emphasized that the infrastructure in logistics-focused municipalities like Huehuetoca, Naucalpan, and Toluca has undergone renewal. The industrial corridors located in the northern region of the Valley of Mexico are also experiencing rapid expansion, making it one of the fastest-growing industrial zones in the country.