Colombia > Real estate
Index of tables
With one of the largest real estate teams in the country, Brigard & Urrutia is considered ‘an indisputable leader in the market’. Led by ‘outstanding practitioner’ Francisco Uribe, it handles commercial real estate, zoning regulation and urban planning, hospitality and agribusiness matters. It is advising Inversiones Colombianas Arauco on the Parque Arauco project (Parque Caracolí) in Bucaramanga city, involving a 15-year franchise agreement with Starwood Hotels and negotiations regarding the terms of the agreement for the operation of the hotel in the project. It also assisted Deutsche Bank with title searches in connection with three hotels to be used as security for a credit line of more than $50m granted to Charleston. Other clients include Hilton Worldwide, Hyatt Hotels and Oleoducto Central. Associate Natalia Hernández is also recommended. Since publication, Francisco Uribe has taken a leave of absence from the firm until further notice.
Philippi Prietocarrizosa Ferrero DU & Uría has exceptional knowledge of urban and rural issues, and covers areas ranging from mining projects to shopping malls and residential developments. Juan Carlos Rocha leads the four-strong practice, whose recent work includes advising a well-known Colombian property developer on the acquisition of properties and their subsequent development. Other clients have included Terranum and Colombian Natural Resources.
Noted for its ‘solid advice and deep knowledge’, Pinilla, González & Prieto is without doubt ‘a leading firm in the sector’; its urban planning and real estate practice is ‘second to none’. The sizeable 15-strong team is led by the ‘highly respected’ Juan Manuel González. It recently advised Constructora Concreto on the administrative steps needed to obtain permission for a COP230m, 60-hectare development in the Cundinamarca department, and is advising prestigious property developer Amarilo on a major urban project in Cartagena. Other clients include Cementos Argos, Coca Cola-FEMSA, and Pricesmart
Gómez-Pinzón Zuleta is well established in the real estate arena, with particular expertise in urban developments. It handles matters from the acquisition and sale of properties and the structuring of projects to financing and litigation. The six-strong team is led by Paula Samper, who is ‘expert in all real estate matters’. The firm advised Abacus Real Estate on the acquisition of property across the country, the sale of certain assets, and the proposed expansion of its real estate investment fund (currently valued at around $40m); and is advising Nexus Capital on its acquisition of a participation in Titán Plaza and on other similar acquisitions. Other clients include Kiruna Capital, Hoteles RIU, Mall Plaza and Honeywell. Associates Camilo Cantor and Patricia Acosta are highly recommended.
Posse Herrera Ruiz’s real estate group is focused on urban and rural acquisitions and acts for real estate funds, construction companies and developers, covering instructions ranging from due diligence, lease negotiation, project finance, and strategic planning to financial structures for the development and use of land. Based across the firm’s offices in Bogotá and Medellín, the eight-lawyer group is led by José Alejandro Torres, who is ‘very capable and responsive’, and the ‘knowledgeable’ Andrés Montoya. Recent work includes acting for a well-known fund in relation to a $15m real estate project in Bogotá, and also in the $80m acquisition of a fiduciary interest in a major commercial centre. Clients include Bancolombia real estate fund, Jamestown, Inmoval and Verizon Business.
Baker McKenzie S.A.S.’ practice is focused on real estate acquisitions and works closely with the firm’s corporate and M&A lawyers. Recent work includes assisting Four Seasons Hotels on its negotiations with Hoteles Charleston (Gilinski Group) regarding the operation of two significant hotels in the country’s capital; and acting for the Public Sector Pension Investment Board (PSPIB) on the $15m acquisition of a plot in the Cundinamarca region to be developed as a vacation resort. Other clients include Old Mutual Fiduciaria, Mall Plaza and Terranum. Alejandro Mesa leads the group, which is praised for its ‘professionalism and personalised approach’. Associate Ciro Meza is recommended on the tax side.
Specialist firm Llorente Rosas Abogados has made a name for its handling of regulatory and transactional matters for medium-size corporations, providing a high-level service on the structuring of projects, building licences, title analysis, and related regulatory issues. Juan Pablo Rosas and Verónica Llorente head the practice.
A ‘very active and busy firm’, Ramirez & Cardona Abogados has a small real estate team praised for its ‘knowledge of the sector, accurate advice and value for money’. It has been advising a number of investment funds on land acquisitions and building projects; highlights included acting for private investment fund Nexus Inmobiliario on the acquisition of 32 commercial units in a shopping mall in Pereira, and 30 offices in Bogotá and Medellín, with an aggregate value of $10m. The team also advised Alianza Fiduciaria on the real estate aspects of its acquisition of Fiducor. Other clients include Quala, TC Latin American Partners and Summa Propiedades. Founding partner José Ramón Ramírez is noted for his ‘knowledge and experience’.
Led by ‘talented expert’ Felipe Arbouin, Unión Navas Arbouin covers due diligence, transactions, and the structuring and financing of projects. Clients have included Terranum and Carbomec.
Lloreda Camacho & Co. advises on project structuring, licensing, planning, management and other matters related to urban and rural real estate acquisition. It recently advised Cine Colombia in relation to certain co-owned assets and the acquisition of several urban properties, with an aggregate value of $7m; and acted for Ilarco on a $12m sale of property in Cajicá. Santiago Gutiérrez is the main contact.
The six-strong group at Rodriguez Azuero Contexto Legal Abogados is led by Clara María Uribe, and is based across the firm’s offices in Bogotá and Medellín. It is advising investors in relation to the structuring and construction of the $70m La Serrezuela project; and has also been retained to advise CI San Fernando Plaza, a substantial business centre in Medellín. Other clients include the International Convention Centre of Bogotá and Hotel Bastion.