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Pinilla, González & Prieto Abogadoshas a very well-regarded practice across urban regulatons and real estate, where it is ‘an indisputable leader’ in the market. Recent work for the 18-strong team includes advising the developers of Partial Plan Hacienda Rosablanca (a 100-hectare development), on matters including the elaboration of a Technical Support Document, the drafting of a proposed Bill adopting the plan, a distribution of cost and benefits scheme, and environmental matters. It is also assisting Coca-Cola FEMSA in the administrative steps for the procurement of a licence for the development of the Horus Project, involving the construction of an industrial processing plant valued at $25m. Felipe Pinilla and recently promoted partner Angela Caicedo are recommended.

Gómez-Pinzón Abogados (GPA) attracts praise for its ‘comprehensive approach to clients’ requests, and its knowledge of fiscal requirements and strategies for foreign investors’. The practice has broadened to cover zoning and urban planning regulations and construction licences, and the team is well-versed in the construction and development of malls and retail stores. Practice head Paula Samper led advice to leading corporation PriceSmart on a new project in the municipality of Chía, for the construction of a $50m warehouse club. It is also appointed to advise Kiruna Capital Partners on its real estate operations in the Colombian health sector. Senior associates María Camila Parra and Camilo Cantor are also noted.

Philippi Prietocarrizosa Ferrero DU & Uría has a well-deserved reputation for its work on significant urban and rural projects, advising local and international clients on structuring issues, land acquisitions and other matters. It acted for Fondo Privado de Capital on the purchase of a 49% fiduciary interest in the Viva Malls real estate trust, with Juan Carlos Rocha leading the advice. It also advised Colvalor Propiedades Colombianas on the acquisition of several properties intended for commercial development. Fondo Inmobiliario Colombia (FIC), Ospinas & Cia, and Ripley International are also among its clients. Felipe Cuberos and associate Silvia Avendaño are other key members of the practice.

Posse Herrera Ruiz’s ten-strong practice, led by Andrés Montoya and José Alejandro Torres, specialises in urban and rural acquisitions and acts for real estate funds, constructors, developers and landowners in matters ranging from due diligence and lease negotiations to project finance and financial structuring. Recent work includes acting for Rizk Ventures and Goldman Sachs on their joint venture to acquire fiduciary rights in a trust that owns the building in which a well-known private hospital operates. In another high-end transaction, the team advised equity fund Inverlink on the sale and partial lease of the new office building for Colombia’s General Comptroller’s Office: a $100m transaction. Other significant clients include BTG Pactual, Cencosud, Terpel and Bacao. Associate Alejandro Turbay is a key member of the team.

Baker McKenzie S.A.S. is recognised for its transactional expertise in the real estate arena. After an initial focus on foreign private equity funds, the practice has expanded its capabilities to cover rural projects and real estate taxation. Practice head Alejandro Mesa led advice to Old Mutual Fondo de Inversiones on the structuring of a second-level scheme of condominium rules affecting investors in the Centro Empresarial Colpatria Project; and also advised the Public Sector Investment Board in relation to the structuring of internal agreements with Cimento for the $100m construction of the Fontanar shopping mall. Ciro Meza is noted for his tax expertise.

Brigard & Urrutia has one of the largest real estate departments in the country, and acts for a roster of distinguished clients in commercial real estate, zoning regulation and urban planning, hospitality and agribusiness matters. Among its work highlights, it advised Deutsche Bank on title searches relating to three hotels used as security for a $50m credit line granted to Charleston; and assisted Marco Promotora in the structuring, drafting and negotiation of an agreement to acquire four hotels and a substantial business centre. Other clients include Hilton Worldwide, NH Hotels, Hyatt Hotels and Inversiones Colombianas Arauco.

Ramirez & Cardona Abogados has a small but ‘active’ team, and is appreciated for its ‘expertise in the area paired with accurate advice and value for money’. It advised Nexus Inmobiliario Fund (a compartment fund of Nexus Capital Partners) on the negotiation and acquisition of real estate assets valued at $40m; and assisted Latam Logistic Properties in relation to licence application proceedings for the construction and operation of an industrial complex providing logistics and warehousing services. José Ramón Ramirez is ‘knowledgeable and experienced’.

Under the leadership of the ‘talented’ Felipe Arbouin, Unión Navas Arbouin assists clients with due diligence, transactions, and the structuring and financing of projects. Clients have included Taerranum and Carbomec.

Recent key mandates at Contexto Legal included assisting property developer ACR Group in the structuring and construction of the $103m La Serrezuela project; and acting for business centre San Francisco Plaza in connection with both corporate governance issues and the development of new real estate business projects. Clara Uribe leads the practice. Since publication the firm's tie-up with the Bogotá-based Rodríguez Azuero Abogados has been dissolved.

Lloreda Camacho & Co. is well regarded for its work in project structuring, licensing, planning management and other areas connected with urban and rural real estate acquisitions. Team head Santiago Gutiérrez led advice to Cine Colombia on its purchase of urban property to expand its business in the country. Ilarco, Promotora Comercial de La Sabana and Terrafranco are also clients.

Specialist boutique Llorente Rosas Abogados handles regulatory and transactional instructions for medium-size companies, and is well regarded for its work in relation to the structuring of projects, building licences, title analysis and other regulatory issues. Juan Pablo Rosas and Verónica Llorente are the main contacts.

Carolina Uribe and Carlos Henao lead the group at Medellín-based firm UH Abogados, which is noted for its expertise and commercial approach and is very experienced in corporate real estate work. It is acting for a major property developer in a project to develop housing, commerce and services in a major city in Colombia. Clients include Dinpro, Londoño Gómez, and Almacenes Flamingo.

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