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Who Represents Who

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Arias’ two-partner real estate practice is lauded for its ‘excellent service’ and ‘quick responses’. The team’s work includes transactional as well as construction-related mandates and the practice has a strong record in condominium and tourism projects. Tax structuring advice related to the real estate sphere is another key strength. Practice head Róger Pérez, who stands out for his ‘experience, quality of advice and knowledge of law’, assisted a private individual with the development of the $2m Villa Reina Residential project, consisting on 122 residential lots located in the city of Rivas; work included structuring the condominium regime and all permitting and licensing, as well as handling the sale of each lot. Other highlights include advising Plaza Centroamérica on lease, purchase and sale agreements for commercial units in its $12m building in Managua (the practice having handled the financing and construction matters in previous years); counselling McDonald’s on lease agreements for new restaurants in Managua and Chinandega; and representing the Embassy of the United States in the acquisition of a residential building. Gustavo-Adolfo Vargas has a strong focus on solar energy projects.

Excellent’ regional powerhouse García & Bodán fields a ‘strong’, ‘hard working’ two-partner group that provides ‘good value for money’ and excels in high-value real estate transactions as evidenced in its work for Global Real Estate Development: highly-regarded Eduardo Cabrales (managing partner of the San Juan del Sur and Tola offices), assisted the Nicaraguan investor with a $5.7m property purchase in San Juan del Sur for a condominium development. Another standout piece of work for Cabrales, who led the advice alongside Federico Gurdián, was advising Tola Development Group on all matters related to the development of a 2,700-acre resort and residential community on Nicaragua’s Pacific coast, including sales and purchases of lots and houses, cancellation of mortgages and procurement of secured loans for the construction. The team’s recent caseload also included representing the likes of Mondelez Nicaragua and British American Tobacco Centroamérica in property transactions. A broad client portfolio includes developers, homeowner associations, private clients and foreign investors, as well as names such as Lionheart Capital, Pacific Coast Realty, Hush Properties Nica and Full Moon Development.

Consortium Legal draws on a wealth of experience in high-value real estate transactions, lease agreements and real estate litigation. With three offices in the country –in Managua, León and San Juan del Sur– the nine-strong team serves an international and domestic client base that includes developers and investors, often from the energy and tourism sectors. Prominent recent work saw the team assist Verdes Desarrollo with the condominium regime for an $8m housing project in Managua; highly regarded practice head Carlos Taboada led the advice. Another name to note is associate Queenie Bendaña, who regularly handles due diligence processes for real estate transactions.

Leveraging off its strong position in the corporate sphere, Alvarado y Asociados excels in real estate acquisitions and related due diligence as well as registration processes. Jointly led by Gloria María de Alvarado and Luz Marina Espinoza, the team regularly acts for domestic and international developers and investors and demonstrates strength across the mining, agribusiness and tourism sectors. Representative clients include Cemex, Centor Cultura Batahola Norte, Grupo Bimbo and Hydrologica.

Quick and thorough’, the practice group at BLP focuses principally on transactional real estate matters, but the team also assists with due diligence, title matters and purchase agreements, and is particularly active in the tourism and energy sectors. Recent highlights include advising Nicaribe on the concession process for the construction and operation of a high-end resort in the Caribbean; assisting EDICA with the purchase of property to build a warehouse and office facilities; and representing a real estate investor in a mortgage execution process. Practice head Ernesto Rizo is an established name in the market. ‘Very professional and friendly’ associate Federico Barrios leads the San Juan del Sur office and specialises in coastal and tourism projects.

Under the leadership of ‘excellent’ Soraya Montoya Herrera, the team at Central Law Nicaraguaunderstands the clients’ needs’ and provides ‘best legal advice’. Core areas of expertise include purchase and sales agreements, title transfers, as well as tax-related real estate matters. The group regularly handles contentious and non-contentious issues regarding residential condominiums, urban developments and tourism projects. Recent matters include advising a private investor on the $1m property sale in Managua for the construction of a commercial plaza; and the team also represented Pivo in property purchases, including due diligence and municipal registration processes.

The wide-ranging expertise of E. Castillo & Argüello Advisors includes real estate transactions, regulatory matters and due diligence. Condominium development and tourism projects are niche specialisms for a team that operates from offices in San Juan del Sur as well as Managua. The client list includes foreign investors, private clients as well as domestic and international developers. Sergio Argüello is the key advisor.

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Legal Developments in Nicaragua

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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