SCHEDULE 13G/A 0001193125-24-187901 0000936828 XXXXXXXX LIVE 2 Common shares, no par value 09/30/2025 0001969373 Vesta Real Estate Corporation, S.A.B. de C.V. 92540K109 Paseo de los Tamarindos No. 90, Torre II Piso 28, Col. Bosques de las Lomas Cuajimalpa, Mexico City O5 CP 05210 Rule 13d-1(c) GIC Private Ltd U0 58157511 13235850 58157511 13235850 71393361 N 8.44 CO (1) There is no CUSIP number assigned to the common shares. CUSIP number 92540K109 has been assigned to the American Depositary Shares ("ADSs") of the Issuer, each ADS representing ten (10) common shares, which are quoted on the New York Stock Exchange under the symbol "VTMX". (2) For sole voting power in Row (5) and sole dispositive power in Row (7), these 58,157,511 common shares of Vesta Real Estate Corporation, S.A.B. de C.V. (the "Issuer") include 27,203,090 ordinary shares represented by 2,720,309 ADSs, each ADS representing ten (10) ordinary shares. (3) For shared voting power in Row (6) and shared dispositive power in Row (8), these 13,235,850 common shares of the Issuer include 7,135,890 ordinary shares represented by 713,589 ADSs, each ADS representing ten (10) ordinary shares. (4) Percent of class represented in Row (11) is based on 846,017,932 common shares outstanding as of June 30, 2025, according to the Form 6-K filed by the Issuer with the Securities and Exchange Commission on July 24, 2025. Vesta Real Estate Corporation, S.A.B. de C.V. Paseo de los Tamarindos No. 90, Torre II, Piso 28, Col. Bosques de las Lomas, Cuajimalpa, Mexico City, Mexico, CP 05210 GIC Private Limited ("GIC") 168 Robinson Road #37-01 Capital Tower Singapore 068912 GIC Private Limited - Republic of Singapore Y 71,393,361 (1), (2) (1) GIC is a fund manager and only has 2 clients - the Government of Singapore ("GoS") and the Monetary Authority of Singapore ("MAS"). Under the investment management agreement with GoS, GIC has been given the sole discretion to exercise the voting rights attached to, and the disposition of, any shares managed on behalf of GoS. As such, GIC has the sole power to vote and power to dispose of the 58,157,511 securities beneficially owned by it. GIC shares power to vote and dispose of 13,235,850 securities beneficially owned by it with MAS. GIC is wholly-owned by the GoS and was set up with the sole purpose of managing Singapore's foreign reserves. The GoS disclaims beneficial ownership of such shares. (2) GIC disclaims membership in a group. 8.44% (3) (3) Based on 846,017,932 common shares outstanding as of June 30, 2025, according to the Form 6-K filed by the Issuer with the Securities and Exchange Commission on July 24, 2025. 58,157,511 (1), (2) 13,235,850 (1), (2) 58,157,511 (1), (2) 13,235,850 (1), (2) Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. GIC Private Ltd /s/ Wong Hui Ping 11/11/2025 /s/ Wee Linrong 11/11/2025