Jaguar Growth Partners Invests in Corporación Inmobiliaria Vesta
NEW YORK, May 24, 2017 /PRNewswire/ -- Jaguar Growth Partners (Jaguar), a privately-held investment management firm focused on real estate in global growth markets, announced today that it has acquired a 5.0% strategic minority stake in Corporación Inmobiliaria Vesta, S.A.B. de C.V. ("Vesta"), one of the leading industrial real estate owners and operators in Mexico. As a shareholder, Jaguar will add value to Vesta's management team to execute its long-term growth strategy.
"Vesta is one of the most well regarded and innovative real estate operators in Mexico, with an institutional quality and diversified portfolio in the most dynamic markets," said Thomas McDonald, Managing Partner at Jaguar Growth Partners. "This investment is consistent with our focus on best-in-class operating partners in Mexico and leading industrial platforms in Latin America."
"As we continue to successfully implement "Vesta Vision 2020", we are excited to welcome Jaguar as a strategic shareholder and anticipate benefitting from their regional and sector expertise," added Lorenzo Berho Corona, CEO and Chairman of the Board at Vesta. "We continue to see strong demand for industrial space from high-quality tenants, and expect favorable industry trends to continue driving this demand over the long term."
Jaguar completed the acquisition of a minority interest in Vesta through its real estate private equity strategy, focused on investing in real estate-related operating platforms and companies in high growth Latin American markets. Recent investments include Hoteles City Express, LatAm Logistic Properties and Aliansce.
About Jaguar Growth Partners
Headquartered in New York with an office in Sao Paulo, Jaguar is a privately held investment management firm specializing in real estate private equity in growth markets globally. Founded in 2013 by Gary Garrabrant and Thomas McDonald, Jaguar invests in and develops scalable real estate-related operating platforms and companies poised to grow in markets characterized by an emerging middle class, aspirational youth, urbanization and other secular trends found in emerging global economies.
Commencing their investment activities in the 1990's, Jaguar's founders are regarded as leaders in real estate investing and company-building in emerging markets through growth capital investments and working in active collaboration with local operating partners. Jaguar is distinguished by its global insights, partner orientation and proven approach to optimizing value and liquidity. Jaguar is a member of the Pension Real Estate Association, Latin American Private Equity & Venture Capital Association, the Emerging Markets Private Equity Association and the Institutional Limited Partners Association. Please see www.jaguargrowth.com or @JaguarGrowth for additional information.
About Vesta
Vesta is a leading real estate owner, developer and asset administrator of industrial buildings and distribution centers in Mexico. As of March 31, 2017, Vesta owned 143 properties located in modern industrial parks in 13 states of Mexico totaling a GLA of 23.9 million square feet (2.22 million square meters). The Company has multinational clients, which are focused in industries such as aerospace, automotive, food and beverage, logistics, medical devices, and plastics, among others. For additional information visit: www.vesta.com.mx.
Media Contacts:
Dukas Linden Public Relations
Zach Kouwe
+1.646.808.3665
[email protected]
Shree Dhond
+1.646.722.6531
[email protected]
SOURCE Jaguar Growth Partners
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