<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge
         Document created using Broadridge PROfile 23.5.1.5152
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div>
    <div style="text-align: center; font-weight: bold;">As filed with the Securities and Exchange Commission on June 29, 2023</div>
    <div style="text-align: right; font-weight: bold;">Registration No. 333-</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">
      <hr style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; margin-left: auto; margin-right: auto;" align="center">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM S-8</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">REGISTRATION STATEMENT UNDER</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">THE SECURITIES ACT OF 1933</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 24pt; font-weight: bold;">Corporaci&#243;n Inmobiliaria Vesta, S.A.B. de C.V.</div>
    <div style="text-align: center;">(Exact name of Registrant as specified in its charter)</div>
    <div>
      <div>
        <hr style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">Vesta Real Estate Corporation</div>
    <div style="text-align: center;">(Translation of Registrant&#8217;s name into English)</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zfd25d945071448ac96428e1fc86f0857" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;">United Mexican States</div>
          </td>
          <td style="width: 50%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;">Not Applicable</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">&#160;</td>
          <td style="width: 50%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">
            <div style="text-align: center;">(State or other jurisdiction of</div>
            <div style="text-align: center;">incorporation or organization)</div>
          </td>
          <td style="width: 50%; vertical-align: bottom;">
            <div style="text-align: center;">(I.R.S. Employer</div>
            <div style="text-align: center;">Identification No.)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <div style="text-align: center; font-weight: bold;">Paseo de los Tamarindos No. 90, Torre</div>
      <div style="text-align: center; font-weight: bold;">II, Piso 28, Col. Bosques de las Lomas</div>
      <div style="text-align: center; font-weight: bold;">Cuajimalpa, C.P. 05210</div>
      <div style="text-align: center; font-weight: bold;">Mexico City</div>
      <div style="text-align: center; font-weight: bold;">United Mexican States</div>
      <div style="text-align: center; font-weight: bold;">+52 (55) 5950-0070</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;">(Address of Principal Executive Offices)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Corporaci&#243;n Inmobiliaria Vesta, SAB de C.V. Long-Term Incentive Plan</div>
    <div style="text-align: center;">&#160;(Full title of the plans)</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: center; font-weight: bold;">Cogency Global Inc.</div>
      <div style="text-align: center; font-weight: bold;">122 East 42nd Street, 18th Floor</div>
      <div style="text-align: center; font-weight: bold;">New York, New York 10168</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;">(Name and Address of Agent For Service)</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: center; font-weight: bold;">+1 (212) 947-7200</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;">(Telephone number, Including Area Code, of Agent For Service)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-style: italic; font-weight: bold;">Copies of all communications, including all communications sent to the agent for service, should be sent to:</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Maurice Blanco</div>
    <div style="text-align: center; font-weight: bold;">Manuel Garciadiaz</div>
    <div style="text-align: center; font-weight: bold;">Drew Glover</div>
    <div style="text-align: center; font-weight: bold;">Davis Polk &amp; Wardwell LLP</div>
    <div style="text-align: center; font-weight: bold;">450 Lexington Avenue</div>
    <div style="text-align: center; font-weight: bold;">New York, NY 10017</div>
    <div style="text-align: center; font-weight: bold;">+1 (212) 450-4000</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of &#8220;large
      accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="za5957f55a8a94dee931de35d1ed08c5d" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div><font style="font-weight: bold;">Large accelerated filer </font>&#9744;</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div><font style="font-weight: bold;">Accelerated filer </font>&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div><font style="font-weight: bold;">Non-accelerated filer </font>&#9744;</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div><font style="font-weight: bold;">Smaller reporting company </font>&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">(Do not check if a smaller reporting company)</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div><font style="font-weight: bold;">Emerging Growth Company </font>&#9746;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the
      Securities Act. &#9744;
      <hr style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;" align="center"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; text-indent: 18pt; font-weight: bold;">PART I</div>
    <div><br>
    </div>
    <div style="text-align: center; text-indent: 18pt; font-weight: bold;">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">The documents containing the information specified in Item 1 and Item 2 of Part I of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) under the Securities Act. In accordance with the rules
      and regulations of the U.S. Securities and Exchange Commission (the &#8220;<font style="font-weight: bold;">Commission</font>&#8221;) and the instructions to Form S-8, such documents are not being filed with the Commission either as part of this Registration
      Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act.</div>
    <div><br>
    </div>
    <div style="text-align: center; text-indent: 18pt; font-weight: bold;">PART II</div>
    <div><br>
    </div>
    <div style="text-align: center; text-indent: 18pt; font-weight: bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Item 3. Incorporation of Documents by Reference.</div>
    <div><br>
    </div>
    <div>The following documents are incorporated herein by reference:</div>
    <div><br>
    </div>
    <div>(a) The Registrant&#8217;s Amendment No. 2 to Registration Statement on Form F-1 filed with the Commission on June 26, 2023 (Registration No. 333-272532), as amended, which contains the consolidated statement of financial position data as of March 31,
      2023 and as of December 31, 2022 and 2021, and the consolidated statement of profit and other comprehensive income data for the three-month periods ended March 31, 2023 and 2022 and for the years ended December 31, 2022 and 2021 of the Registrant,
      included in the prospectus.</div>
    <div><br>
    </div>
    <div>(b) The Registrant&#8217;s prospectus to be filed with the Commission pursuant to Rule 424(b) under the Securities Act, relating to the Registrant&#8217;s Amendment No. 1 to Registration Statement on Form F-1, as amended (Registration No. 333-272532).</div>
    <div><br>
    </div>
    <div>(c) The description of the Registrant&#8217;s share capital which is contained in the Registrant&#8217;s Registration Statement Form 8-A (Registration No. 001-41730), dated June 27, 2023, including any amendments or supplements thereto.</div>
    <div><br>
    </div>
    <div>(d) The description of the Registrant&#8217;s American Depositary Shares, evidenced by American Depositary Receipts, each representing ten common shares, contained in the Registrant&#8217;s Registration Statement on Form F-6 (Registration No. 333-272542)
      filed with the Commission on June 9, 2023, including any amendment thereto or report filed for the purpose of updating such description.</div>
    <div><br>
    </div>
    <div>In addition, all documents subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the &#8220;<font style="font-weight: bold;">Exchange Act</font>&#8221;),
      prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, including any Reports of Foreign Private Issuers on
      Form 6-K submitted during such period (or portion thereof) that is identified in such form as being incorporated by reference into this Registration Statement, shall be deemed to be incorporated by reference in this Registration Statement and to be a
      part hereof from the date of the filing of such documents. The Registrant is not incorporating by reference any documents or portions thereof, whether specifically listed above or filed in the future, that are not deemed &#8220;filed&#8221; with the Commission.</div>
    <div><br>
    </div>
    <div>Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein, (or in
      any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein), modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or
      superseded, to constitute a part of this Registration Statement.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Item 4. Description of Securities.</div>
    <div><br>
    </div>
    <div>Not applicable.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Item 5. Interests of Named Experts and Counsel.</div>
    <div><br>
    </div>
    <div>Not applicable.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Item 6. Indemnification of Directors and Officers.</div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">The Registrant&#8217;s bylaws provide for the indemnification (and holding harmless) of the members of the Registrant&#8217;s board of directors and committees, the non-member secretary, the alternate non-member secretary, the
      Registrant&#8217;s Chief Executive Officer and other executive officers in connection with the performance of their duties, arising from any claim, suit, proceeding or investigation that is initiated in Mexico or in any of the countries where the
      Registrant&#8217;s shares, other instruments or securities having the Registrant&#8217;s shares as underlying securities or other fixed income or equity securities issued by the Registrant, are registered or listed for quotation, or in any jurisdiction in which
      the Registrant or any entities the Registrant controls operate, in or to which any such person may be a party (in its respective capacity as director, officer or employee), including in such indemnification any damages or losses affecting the
      indemnified persons and any settlement amounts, as well as any and all fees and expenses of attorneys and other advisors engaged to protect the interests of the indemnified persons, it being understood that the board of directors shall have the
      authority to determine in the aforementioned cases, whether it deems convenient to hire the services of attorneys and other advisors different from those advising the Registrant in the corresponding claim; provided that the indemnity provision will
      not apply if any such claims, suits, proceedings or investigations result from the gross negligence, willful misconduct or bad faith of the applicable indemnified person.</div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">The foregoing provision is unlikely to be enforceable, if the indemnification claim arises from a breach of the duty of loyalty.</div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">Policies of insurance may be maintained by the Registrant under which the members of the Registrant&#8217;s board of directors and officers, within the limits and subject to the limitations of the policies, that cover the
      amount of the damages caused by the Registrant or the entities controlled by the Registrant.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Item 7. Exemption from Registration Claimed.</div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">Not applicable.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Item 8. Exhibits.</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z8f0fdac0342f484797276d191bb4bfc2" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 6%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>
              <div>Exhibit</div>
              <div> Number</div>
            </div>
          </td>
          <td style="width: 94%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 6%; vertical-align: top;">
            <div><a href="ny20009345x9_ex3-1.htm">3.1</a></div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div>Amended and Restated Bylaws of Corporaci&#243;n Inmobiliaria Vesta, S.A.B. de C.V., dated March 30, 2023 (English translation)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6%; vertical-align: top;">
            <div><a href="ny20009345x9_ex4-1.htm">4.1</a></div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div>Form of Deposit Agreement among Corporaci&#243;n Inmobiliaria Vesta, S.A.B. de C.V., Citibank, N.A., as Depositary, and all Owners and Holders from time to time of American Depositary Shares issued thereunder</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6%; vertical-align: top;">
            <div><a href="ny20009345x9_ex4-1.htm">4.2</a></div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div>Form of American Depositary Receipt (included in Exhibit 4.1)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6%; vertical-align: top;">
            <div><a href="ny20009345x9_ex5-1.htm">5.1</a></div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div>Opinion of Ritch, Mueller y Nicolau, S.C.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6%; vertical-align: top;">
            <div><a href="ny20009345x9_ex23-1.htm">23.1</a></div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div>Consent of Galaz, Yamazaki, Ruiz Urquiza, S.C., independent registered public accounting firm for Corporaci&#243;n Inmobiliaria Vesta, S.A.B. de C.V.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6%; vertical-align: top;">
            <div><a href="ny20009345x9_ex5-1.htm">23.2</a></div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div>Consent of Ritch, Mueller y Nicolau, S.C. (included in Exhibit 5.1).</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6%; vertical-align: top;">
            <div><a href="#tPOA">24.1</a></div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div>Power of Attorney (included on signature page of the Registration Statement).</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6%; vertical-align: top;">
            <div><a href="ny20009345x9_ex99-1.htm">99.1</a></div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div>English translation of Trust Agreement and Long-Term Incentive Plan</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6%; vertical-align: top;">
            <div><a href="ny20009345x9_ex107-1.htm">107.1</a></div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div>Filing fee exhibit</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Item 9. Undertakings.</div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">Insofar as indemnification for liabilities arising under the U.S. Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;) may be permitted to directors, officers and controlling persons of the Registrant pursuant to
      the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim
      for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is
      asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
      appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">The undersigned Registrant hereby undertakes:</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf7ed21a269b140af9d2be9aa892bf617" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">(1)</td>
          <td style="width: auto; vertical-align: top;">
            <div>To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9527fd793e294cb4b736605649beda14" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">(a)</td>
          <td style="width: auto; vertical-align: top;">
            <div>To include any prospectus required by section 10(a)(3) of the Securities Act;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zecbca7b44c8a47e684b7c8119cef6063" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">(b)</td>
          <td style="width: auto; vertical-align: top;">
            <div>To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change
              in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered)
              and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) (Sec.230.424(b) of this chapter) if, in the aggregate, the changes
              in volume and price represent no more than 20.0% change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective Registration Statement; and</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb18c9899952c4a4d8a6868744a561286" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">(c)</td>
          <td style="width: auto; vertical-align: top;">
            <div>To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z42dbe9039865474eaa3fdc76d7a624ad" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">(2)</td>
          <td style="width: auto; vertical-align: top;">
            <div>That, for the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein,
              and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z628b435030c94d15be29702439f32391" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">(3)</td>
          <td style="width: auto; vertical-align: top;">
            <div>To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0cbfa3efc2e94e6fb2abefa0c6bbeb96" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">(4)</td>
          <td style="width: auto; vertical-align: top;">
            <div>To file a post-effective amendment to the Registration Statement to include any financial statements required by &#8220;8.A. of Form 20-F (17 CFR 249.220f)&#8221; at the start of any delayed offering or throughout a continuous offering. Financial
              statements and information otherwise required by Section 10(a)(3) of the Securities Act need not be furnished, provided that the Registrant includes in the prospectus, by means of a post-effective amendment, financial statements required
              pursuant to this paragraph (a)(4) and other information necessary to ensure that all other information in the prospectus is at least as current as the date of those financial statements.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2d6eed01654848eab667c3c68e5b1f82" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">(5)</td>
          <td style="width: auto; vertical-align: top;">
            <div>That for purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus filed as part of this Registration Statement in reliance upon Rule 430A and contained in a form of prospectus
              filed by the Company pursuant to Rule 424(b)(1) or (4), or 497(h) under the Securities Act shall be deemed to be part of this Registration Statement as of the time it was declared effective.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf237eeb185ae430d81ca16d6afa20233" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">(6)</td>
          <td style="width: auto; vertical-align: top;">
            <div>For the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the
              offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
          </td>
        </tr>

    </table>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing this Registration Statement and has duly caused this
      Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Mexico City, Mexico, on this 29th day of June, 2023.</div>
    <div style="text-indent: 18pt;"> <br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z85ab62346a534397adb3f4403d97ef97" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="3" style="vertical-align: top;">
            <div>Corporaci&#243;n Inmobiliaria Vesta, S.A.B. de C.V.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>/s/ Lorenzo Dominique Berho Carranza</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div>Lorenzo Dominique Berho Carranza</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div>Chief Executive Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>/s/ Juan Felipe Sottil Achutegui</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div>Juan Felipe Sottil Achutegui</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div>Chief Financial Officer</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;"><a name="tPOA"><!--Anchor--></a>POWER OF ATTORNEY</div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Lorenzo Dominique Berho Carranza and Juan Felipe Sottil Achutegui, their attorneys-in-fact, with the power of
      substitution, for them in any and all capacities, to sign any amendment or post-effective amendment to this Registration Statement on Form S-8, including, without limitation, any additional registration statement filed pursuant to Rule 462 under the
      Securities Act with respect hereto and to file the same, with exhibits thereto and other documents in connection therewith, with the Commission, hereby ratifying and confirming all that said attorney-in-fact, or his substitute or substitutes, may do
      or cause to be done by virtue hereof.</div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">Pursuant to the requirements of the Securities Act, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zb6c2f4ed8c244232b920e8ea1f0f78bd" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 33%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;"><u>Signature</u></div>
          </td>
          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;"><u>Title</u></div>
          </td>
          <td style="width: 33%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;"><u>Date</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
          <td style="width: 34%; vertical-align: top;">&#160;</td>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">/s/ Lorenzo Dominique Berho Carranza</div>
          </td>
          <td rowspan="2" style="width: 34%; vertical-align: middle;">
            <div style="text-align: center;">Chief Executive Officer</div>
            <div style="text-align: center;">(principal executive officer)</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">June 29, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Lorenzo Dominique Berho Carranza</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle;">&#160;</td>
          <td style="width: 34%; vertical-align: middle;">&#160;</td>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">/s/ Juan Felipe Sottil Achutegui</div>
          </td>
          <td rowspan="2" style="width: 34%; vertical-align: middle;">
            <div style="text-align: center;">Chief Financial Officer</div>
            <div style="text-align: center;">(principal financial officer and principal accounting officer)</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">June 29, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Juan Felipe Sottil Achutegui</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle;">&#160;</td>
          <td style="width: 34%; vertical-align: bottom;">&#160;</td>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td rowspan="2" style="width: 34%; vertical-align: middle;">
            <div style="text-align: center;">Chairman of the Board of Directors</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">June 29, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Lorenzo Manuel Berho Corona</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
          <td style="width: 34%; vertical-align: bottom;">&#160;</td>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">/s/ Stephen B. Williams</div>
          </td>
          <td rowspan="2" style="width: 34%; vertical-align: middle;">
            <div style="text-align: center;">Director</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">June 29, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Stephen B. Williams</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
          <td style="width: 34%; vertical-align: bottom;">&#160;</td>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">/s/ Jos&#233; Manuel Dom&#237;nguez D&#237;az Ceballos</div>
          </td>
          <td rowspan="2" style="width: 34%; vertical-align: middle;">
            <div style="text-align: center;">Director</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">June 29, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Jos&#233; Manuel Dom&#237;nguez D&#237;az Ceballos</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle;">&#160;</td>
          <td style="width: 34%; vertical-align: middle;">&#160;</td>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">/s/ Craig Wieland</div>
          </td>
          <td rowspan="2" style="width: 34%; vertical-align: middle;">
            <div style="text-align: center;">Director</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">June 29, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Craig Wieland</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle;">&#160;</td>
          <td style="width: 34%; vertical-align: middle;">&#160;</td>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">/s/ Luis Javier Solloa Hern&#225;ndez</div>
          </td>
          <td rowspan="2" style="width: 34%; vertical-align: middle;">
            <div style="text-align: center;">Director</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">June 29, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Luis Javier Solloa Hern&#225;ndez</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle;">&#160;</td>
          <td style="width: 34%; vertical-align: middle;">&#160;</td>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">/s/ Loreanne Helena Garc&#237;a Ottati</div>
          </td>
          <td rowspan="2" style="width: 34%; vertical-align: middle;">
            <div style="text-align: center;">Director</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">June 29, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Loreanne Helena Garc&#237;a Ottati</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle;">&#160;</td>
          <td style="width: 34%; vertical-align: middle;">&#160;</td>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">/s/ Oscar Francisco C&#225;zares El&#237;as</td>
          <td rowspan="2" style="width: 34%; vertical-align: middle;">
            <div style="text-align: center;">Director</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">June 29, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Oscar Francisco C&#225;zares El&#237;as</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle;">&#160;</td>
          <td style="width: 34%; vertical-align: bottom;">&#160;</td>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">/s/ Daniela Berho Carranza</div>
          </td>
          <td rowspan="2" style="width: 34%; vertical-align: middle;">
            <div style="text-align: center;">Director</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">June 29, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Daniela Berho Carranza</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
          <td style="width: 34%; vertical-align: bottom;">&#160;</td>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">/s/ Douglas M. Arthur</td>
          <td rowspan="2" style="width: 34%; vertical-align: middle;">
            <div style="text-align: center;">Director</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">June 29, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Douglas M. Arthur</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
          <td style="width: 34%; vertical-align: bottom;">&#160;</td>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">/s/ Luis de la Calle Pardo</td>
          <td rowspan="2" style="width: 34%; vertical-align: middle;">
            <div style="text-align: center;">Director</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">June 29, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Luis de la Calle Pardo</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">SIGNATURE OF AUTHORIZED REPRESENTATIVE OF THE</div>
    <div style="text-align: center; font-weight: bold;">REGISTRANT IN THE UNITED STATES</div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">Pursuant to the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of America has signed this registration statement or amendment thereto in New York, NY, on the
      29th day of June, 2023.</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z7ab436391d19470a9d334f6bd7e8c6fd" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td colspan="3" style="vertical-align: top;">
            <div>COGENCY GLOBAL INC.</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td colspan="3" style="vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: bottom; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>/s/ Colleen A. De Vries</div>
          </td>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div>Colleen A. De Vries</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div>Senior Vice-President on behalf of Cogency Global Inc.</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
  </div>
</body>
</html>
[{"type": "S-8", "sequence": "1", "filename": "ny20009345x9_s8.htm", "description": "FORM S-8", "secsgml_size_bytes": 53706}]
{"company-data": {"conformed-name": "Vesta Real Estate Corporation, S.A.B. de C.V.", "cik": "0001969373", "assigned-sic": "6500", "irs-number": "000000000", "state-of-incorporation": "O5", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-273040", "film-number": "231059159"}, "business-address": {"street1": "PASEO DE TAMARINDOS # 90 TORRE 2 PISO 28", "street2": "COL. BOSQUES DE LAS LOMAS, CUAJIMALPA CP", "city": "MEXICO CITY", "state": "O5", "zip": "05210", "phone": "52 (55) 5950-0070"}, "mail-address": {"street1": "PASEO DE TAMARINDOS # 90 TORRE 2 PISO 28", "street2": "COL. BOSQUES DE LAS LOMAS, CUAJIMALPA CP", "city": "MEXICO CITY", "state": "O5", "zip": "05210"}}
As filed with the Securities and Exchange Commission on June 29, 2023
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
Corporación Inmobiliaria Vesta, S.A.B. de C.V.
(Exact name of Registrant as specified in its charter)
Vesta Real Estate Corporation
(Translation of Registrant's name into English)
United Mexican States
Not Applicable
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
Paseo de los Tamarindos No. 90, Torre
II, Piso 28, Col. Bosques de las Lomas
Cuajimalpa, C.P. 05210
Mexico City
United Mexican States
+52 (55) 5950-0070
(Address of Principal Executive Offices)
Corporación Inmobiliaria Vesta, SAB de C.V. Long-Term Incentive Plan
(Full title of the plans)
Cogency Global Inc.
122 East 42nd Street, 18th Floor
New York, New York 10168
(Name and Address of Agent For Service)
+1 (212) 947-7200
(Telephone number, Including Area Code, of Agent For Service)
Copies of all communications, including all communications sent to the agent for service, should be sent to:
Maurice Blanco
Manuel Garciadiaz
Drew Glover
Davis Polk & Wardwell LLP
450 Lexington Avenue
New York, NY 10017
+1 (212) 450-4000
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large
      accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☐
Accelerated filer
☐
Non-accelerated filer
☐
Smaller reporting company
☐
(Do not check if a smaller reporting company)
Emerging Growth Company
☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the
      Securities Act. ☐
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified in Item 1 and Item 2 of Part I of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) under the Securities Act. In accordance with the rules
      and regulations of the U.S. Securities and Exchange Commission (the "
Commission
") and the instructions to Form S-8, such documents are not being filed with the Commission either as part of this Registration
      Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents are incorporated herein by reference:
(a) The Registrant's Amendment No. 2 to Registration Statement on Form F-1 filed with the Commission on June 26, 2023 (Registration No. 333-272532), as amended, which contains the consolidated statement of financial position data as of March 31,
      2023 and as of December 31, 2022 and 2021, and the consolidated statement of profit and other comprehensive income data for the three-month periods ended March 31, 2023 and 2022 and for the years ended December 31, 2022 and 2021 of the Registrant,
      included in the prospectus.
(b) The Registrant's prospectus to be filed with the Commission pursuant to Rule 424(b) under the Securities Act, relating to the Registrant's Amendment No. 1 to Registration Statement on Form F-1, as amended (Registration No. 333-272532).
(c) The description of the Registrant's share capital which is contained in the Registrant's Registration Statement Form 8-A (Registration No. 001-41730), dated June 27, 2023, including any amendments or supplements thereto.
(d) The description of the Registrant's American Depositary Shares, evidenced by American Depositary Receipts, each representing ten common shares, contained in the Registrant's Registration Statement on Form F-6 (Registration No. 333-272542)
      filed with the Commission on June 9, 2023, including any amendment thereto or report filed for the purpose of updating such description.
In addition, all documents subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the "
Exchange Act
"),
      prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, including any Reports of Foreign Private Issuers on
      Form 6-K submitted during such period (or portion thereof) that is identified in such form as being incorporated by reference into this Registration Statement, shall be deemed to be incorporated by reference in this Registration Statement and to be a
      part hereof from the date of the filing of such documents. The Registrant is not incorporating by reference any documents or portions thereof, whether specifically listed above or filed in the future, that are not deemed "filed" with the Commission.
Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein, (or in
      any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein), modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or
      superseded, to constitute a part of this Registration Statement.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
The Registrant's bylaws provide for the indemnification (and holding harmless) of the members of the Registrant's board of directors and committees, the non-member secretary, the alternate non-member secretary, the
      Registrant's Chief Executive Officer and other executive officers in connection with the performance of their duties, arising from any claim, suit, proceeding or investigation that is initiated in Mexico or in any of the countries where the
      Registrant's shares, other instruments or securities having the Registrant's shares as underlying securities or other fixed income or equity securities issued by the Registrant, are registered or listed for quotation, or in any jurisdiction in which
      the Registrant or any entities the Registrant controls operate, in or to which any such person may be a party (in its respective capacity as director, officer or employee), including in such indemnification any damages or losses affecting the
      indemnified persons and any settlement amounts, as well as any and all fees and expenses of attorneys and other advisors engaged to protect the interests of the indemnified persons, it being understood that the board of directors shall have the
      authority to determine in the aforementioned cases, whether it deems convenient to hire the services of attorneys and other advisors different from those advising the Registrant in the corresponding claim; provided that the indemnity provision will
      not apply if any such claims, suits, proceedings or investigations result from the gross negligence, willful misconduct or bad faith of the applicable indemnified person.
The foregoing provision is unlikely to be enforceable, if the indemnification claim arises from a breach of the duty of loyalty.
Policies of insurance may be maintained by the Registrant under which the members of the Registrant's board of directors and officers, within the limits and subject to the limitations of the policies, that cover the
      amount of the damages caused by the Registrant or the entities controlled by the Registrant.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
Exhibit
Number
3.1
Amended and Restated Bylaws of Corporación Inmobiliaria Vesta, S.A.B. de C.V., dated March 30, 2023 (English translation)
4.1
Form of Deposit Agreement among Corporación Inmobiliaria Vesta, S.A.B. de C.V., Citibank, N.A., as Depositary, and all Owners and Holders from time to time of American Depositary Shares issued thereunder
4.2
Form of American Depositary Receipt (included in Exhibit 4.1)
5.1
Opinion of Ritch, Mueller y Nicolau, S.C.
23.1
Consent of Galaz, Yamazaki, Ruiz Urquiza, S.C., independent registered public accounting firm for Corporación Inmobiliaria Vesta, S.A.B. de C.V.
23.2
Consent of Ritch, Mueller y Nicolau, S.C. (included in Exhibit 5.1).
24.1
Power of Attorney (included on signature page of the Registration Statement).
99.1
English translation of Trust Agreement and Long-Term Incentive Plan
107.1
Filing fee exhibit
Item 9. Undertakings.
Insofar as indemnification for liabilities arising under the U.S. Securities Act of 1933, as amended (the "Securities Act") may be permitted to directors, officers and controlling persons of the Registrant pursuant to
      the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim
      for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is
      asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
      appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
The undersigned Registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(a)
To include any prospectus required by section 10(a)(3) of the Securities Act;
(b)
To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change
              in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered)
              and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) (Sec.230.424(b) of this chapter) if, in the aggregate, the changes
              in volume and price represent no more than 20.0% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective Registration Statement; and
(c)
To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement.
(2)
That, for the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein,
              and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(4)
To file a post-effective amendment to the Registration Statement to include any financial statements required by "8.A. of Form 20-F (17 CFR 249.220f)" at the start of any delayed offering or throughout a continuous offering. Financial
              statements and information otherwise required by Section 10(a)(3) of the Securities Act need not be furnished, provided that the Registrant includes in the prospectus, by means of a post-effective amendment, financial statements required
              pursuant to this paragraph (a)(4) and other information necessary to ensure that all other information in the prospectus is at least as current as the date of those financial statements.
(5)
That for purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus filed as part of this Registration Statement in reliance upon Rule 430A and contained in a form of prospectus
              filed by the Company pursuant to Rule 424(b)(1) or (4), or 497(h) under the Securities Act shall be deemed to be part of this Registration Statement as of the time it was declared effective.
(6)
For the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the
              offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing this Registration Statement and has duly caused this
      Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Mexico City, Mexico, on this 29th day of June, 2023.
Corporación Inmobiliaria Vesta, S.A.B. de C.V.
By:
/s/ Lorenzo Dominique Berho Carranza
Name:
Lorenzo Dominique Berho Carranza
Title:
Chief Executive Officer
By:
/s/ Juan Felipe Sottil Achutegui
Name:
Juan Felipe Sottil Achutegui
Title:
Chief Financial Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Lorenzo Dominique Berho Carranza and Juan Felipe Sottil Achutegui, their attorneys-in-fact, with the power of
      substitution, for them in any and all capacities, to sign any amendment or post-effective amendment to this Registration Statement on Form S-8, including, without limitation, any additional registration statement filed pursuant to Rule 462 under the
      Securities Act with respect hereto and to file the same, with exhibits thereto and other documents in connection therewith, with the Commission, hereby ratifying and confirming all that said attorney-in-fact, or his substitute or substitutes, may do
      or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Lorenzo Dominique Berho Carranza
Chief Executive Officer
(principal executive officer)
June 29, 2023
Lorenzo Dominique Berho Carranza
/s/ Juan Felipe Sottil Achutegui
Chief Financial Officer
(principal financial officer and principal accounting officer)
June 29, 2023
Juan Felipe Sottil Achutegui
Chairman of the Board of Directors
June 29, 2023
Lorenzo Manuel Berho Corona
/s/ Stephen B. Williams
Director
June 29, 2023
Stephen B. Williams
/s/ José Manuel Domínguez Díaz Ceballos
Director
June 29, 2023
José Manuel Domínguez Díaz Ceballos
/s/ Craig Wieland
Director
June 29, 2023
Craig Wieland
/s/ Luis Javier Solloa Hernández
Director
June 29, 2023
Luis Javier Solloa Hernández
/s/ Loreanne Helena García Ottati
Director
June 29, 2023
Loreanne Helena García Ottati
/s/ Oscar Francisco Cázares Elías
Director
June 29, 2023
Oscar Francisco Cázares Elías
/s/ Daniela Berho Carranza
Director
June 29, 2023
Daniela Berho Carranza
/s/ Douglas M. Arthur
Director
June 29, 2023
Douglas M. Arthur
/s/ Luis de la Calle Pardo
Director
June 29, 2023
Luis de la Calle Pardo
SIGNATURE OF AUTHORIZED REPRESENTATIVE OF THE
REGISTRANT IN THE UNITED STATES
Pursuant to the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of America has signed this registration statement or amendment thereto in New York, NY, on the
      29th day of June, 2023.
COGENCY GLOBAL INC.
By:
/s/ Colleen A. De Vries
Name:
Colleen A. De Vries
Title:
Senior Vice-President on behalf of Cogency Global Inc.