Corporacion Inmobiliaria Vesta (VTMX) said late Monday it has closed its global offering, raising about $242.5 million.

The offering was for nearly 1.2 million American depository shares at $34.62 per ADS in the US, and about 58.1 million shares at 59.50 Mexican pesos ($3.44) per share in Mexico, the firm said. Each ADS represents 10 shares of Vesta.

The international underwriters have a 30-day option to buy up to about 10.5 million additional shares represented by ADSs, it said.

Vesta said it plans to use the proceeds to fund its growth strategy.