Firms To Watch: Real estate

Particularly experienced in agro-industrial sector matters, ACU Abogados' real estate practice, led by name partner Arturo Costabal, acts -particularly for major producer companies in the fruit segment of the farming sector- on the legal, financing and regulatory aspects of land acquisitions; the team also advises on the development of residential real estate projects in both urban and rural areas.
The real estate practice at recently-established firm Alamos, Alvarez & Squella is co-led by founding-partner and real estate development specialist Sebastián Squella (a former practice director at Barros Silva Varela & Vigil); and Felipe Alvarez (previously at Ossa, Izcue & Montes), who focuses on corporate and real estate law, along with venture capital.
The real estate practice at recently-launched boutique Aldunate | Alvarez Abogados is co-led by Mario Aldunate, a legal assistant manager within BICE Vida Compañía de Seguros’ real estate management and investment management group until 2022; and real estate, urban planning, corporate and financing expert Juan Pablo Álvarez, a former associate at Barros & Errázuriz.
Launching DS Abogados in 2016, DS Avocats became the first French firm to open a Chilean office; the Santiago office’s real estate practice is led by Francisco Diez, an experienced adviser to national and international real estate companies on real estate matters, including the management of real estate assets, as well as real estate-related investments.
The track record of Eluchans Abogados' commercial and real estate law specialist Carlos Ossandón includes advising commercial banks, real estate companies and private investment funds on the planning, implementation and development of a range of major real estate projects.
Established in 2015, boutique law firm Pérez-Iñigo Ugarte & Baraona Abogados‘s five-strong department is led by real estate specialist Rodrigo Pérez-Inigo; his fellow name partner, Cristian Baraona, is also active in the real estate sector alongside his corporate and tax law practice.
Opening its doors in 2022, the real estate practice at boutique law firm Urenda León Rivas & Darraidou Abogados (ULRD Abogados) is led by former Fleischmann y León Abogados partner Juan Pablo Urenda, whose track record includes advising on significant shopping mall developments in Chile.

Real estate in Chile

Barros & Errázuriz

Acting for a range of domestic and international developers and investment companies, Barros & Errázuriz’s 13-strong real estate practice has a strong market reputation for its ability to create innovative acquisition structures. It also advises on real estate associations and consortiums, and the financing of real estate development projects. The group additionally stands out for its experience in infrastructure and construction (including telecoms infrastructure); and is routinely sought out for its regulatory credentials, in relation to city planning, administrative law conflicts, tourism, and urbanism within industrial areas. Co-leading the team, José Ignacio Ovalle’s practice encompasses the development of building projects, condominiums, shopping centres, offices, ports and hotels (both in rural and urban areas); Patricio Solórzano is a residential, commercial and industrial real estate project expert; and Oscar Ruiz-Tagle advises on territorial planning, and urban and environmental regulations. At counsel level, Alejandra Aránguiz is experienced in urban, regulatory and municipal administrative law, while senior associate María Teresa Diez focuses on real estate, corporate and urban planning matters.

Practice head(s):

José Ignacio Ovalle; Patricio Solórzano; Óscar Ruiz-Tagle


Testimonials

B&E is characterised by the level of specialisation of the team. They have professionals specialised in different areas, which allows us as clients to be supported.

The real estate team I work with is the team of the partner Oscar Ruiz Tagle and lawyers Francisca Astudillo and Benjamín Martínez. With them, work is fluid and fast. They are always available to help us resolve our concerns when we need it.

Key clients

Compañía Regional Aguas Marítimas


CRAMSA InfraestructuraUniversidad Finis Terrae


Siena Inmobiliaria


Inmobiliaria Altas Cumbres


Constructora Terra


Agrícola Balvi


Sociedad Agrícola Lagunillas


Montalva y Cia


Parque Arauco


Sura Asset Management


Larrain Vial


Asset Chile


Colbún


Microsoft


Indesa


BTG Pactual


Ameris Capital


Oxiquim


Inmobiliaria Manquehue


Agrosuper


Inmobiliaria Vicuña Mackenna


Surmonte Inmobiliaria


Work highlights


  • Advised Grupo CRAMSA, Compañía Regional Aguas Marítimas and CRAMSA Infraestructura on a desalinisation facility project.
  • Assisted Universidad Finis Terrae with its request to modify the Providencia Communal Regulatory Plan, with a view to changing the land use of certain properties.
  • Advising Siena Inmobiliaria on a complex real estate project that includes the development of five lots for housing and commercial premises, including a supermarket.

Carey

A great law firm that is very thorough in its analysis’, Carey’s large real estate department has wide-ranging experience in the financing, development and construction of real estate projects; and its sector coverage ranges from the residential, commercial, industrial and hospitality segments, to casinos, agro-housing, conservation parks, shopping centres, office buildings and educational facilities. The group is also routinely mandated on property purchases, sales, leases, portfolio securitisations, and real estate asset management; and it is further able to leverage the firm’s broader expertise in corporate, regulatory, tax, and dispute resolution matters. The team is led by Juan Pablo Stitchkin, who focuses on advising both domestic and foreign clients on real estate developments, claim management work, and project administration (among other issues); and counsel Eduardo Martin, whose broad practice also incorporates real estate work. At senior associate level, Tomás Varela advises on land use, building permits, title reviews, leases, and sale and purchase agreements; and Javiera Avilés is experienced in transactions involving office buildings, shopping centres, and multifamily residential projects, particularly on the construction side. Since publication, Varela has been promoted to counsel - effective as of November 2023.

Practice head(s):

Juan Pablo Stitchkin; Eduardo Martin


Testimonials

Rated for its commitment, adaptability, and the great sense of urgency with which the lawyers always respond.

It is easy to find good lawyers who are very specialised and with experience, but finding real commitment and flexibility is more complicated.

‘Carey is a great law firm that is very thorough in its analysis.’

‘Solid teamwork and knowledge – a real one-stop shop. Very creative in bringing solutions so that parties can reach agreements.’

‘The team understands not only the legal side of a transaction, but also the rationale behind it; and it is always available and delivers quick responses.’

‘Facilitates solutions to day-to-day operational problems and has a well-established reputation, meaning counterparties also rely on the work produced by Carey – this means things get concluded faster.’

‘The firm’s people are very available and they let you know this, so that clients are comfortable contacting them at any time.’

‘Juan Pablo Stitchkin and his team transmit knowledge and confidence in the work done. Juan Pablo and his team are very clear about what a contract contains and they say everything about what it should contain – they are able to answer any question or point, and every point is well-thought out.’

Key clients

Grupo Axo


SMU


Sencorp


H&M


Agroveen


Altos del Ciprés


National Audubon Society


Work highlights


  • Advised Grupo Axo on real estate matters, including the due diligence, revision and negotiation of the agreements for the acquisition of Komax.
  • Advised SMU on the drafting and negotiation of 21 lease agreements executed with Inmobiliaria Santander.
  • Advised H&M on the preparation and negotiation of a memorandum of understanding, as well as several long-term lease agreements for shopping centres.

Cariola Díez Pérez-Cotapos

Full-service firm Cariola Díez Pérez-Cotapos fields a real estate team that is well known for substantial real estate M&A deals, including the purchase and sale of large shopping malls, office buildings and the real estate assets of utilities. Other areas of expertise include greenfield real estate projects, such as industrial plants and data centres; the regulatory aspects of urbanism and territorial development issues; long-term lease agreements; and the real estate side to M&A-related due diligence. The department also assists with the construction side to industrial, commercial and energy projects. The practice is led by real estate project specialist Juan Pablo Matus. Experienced associate Daniela Fierro assists with the negotiation of sale and purchase agreements, leases, easements, urbanism and project development.

Practice head(s):

Juan Pablo Matus


Key clients

Doppelmayr-Garaventa Group


Ripley Corp


Punta Aguila


Banco Ripley


Maersk Group


Inmobiliaria San Pedro Centro


ISA Inmobiliaria


Coca -Cola


Andes Quality


Rio King


Work highlights


  • Advising Ripley Inversiones II on the exercise of a put option to sell its shares in Nuevos Desarrollos to Mall Plaza.
  • Assisted Doppelmayr with the bidding process for a construction contract, which included the review of the legal standing of real estate properties and lands.
  • Advised Rio King on the structuring, negotiation and sale of three real estate properties destined for agricultural use.

Fontaine & Cía

A firm with extensive experience in the real estate market’, Fontaine & Cía’s large practice advises at every stage of real estate project developments, from the financing through to constructed buildings’ eventual delivery. Recent workloads comprised growth in rental sector-related multifamily development projects, as well as warehouses and storage centres for the e-commerce industry. The team has also been advising on  the delays to construction works further to site closures, slow responses from the administrative authorities, and lack of materials and workers. The principal figures are Montserrat Valverde, who specialises in the development of residential, office, industrial and commercial real estate projects; Juan Eduardo Troncoso, an adviser to institutional investors on real estate financings, rentals and developments; and Diego Marín, who is particularly active in the formation of consortiums for projects. The second line of key advisers features real estate project expert María José Álvarez (promoted to director during 2022); and associate and urban planning regulation specialist Ramón Reyes. Former associate Javiera Serani left for an in-house role at Bice Vida in September 2022.

Practice head(s):

Monserrat Valverde; Juan Eduardo Troncoso; Diego Marín


Testimonials

The skills of Fontaine’s team include its excellent ability to work with the internal teams of clients.

Fontaine has the ability to manage problems very well, seeking effective solutions in accordance with the latest legal changes in the country – and always from a point of view that is not only legal, but also understands business from a global point of view.

Responsiveness, efficiency and the excellent ability to work as a team.

Key clients

Compañía de Seguros Confuturo


Metlife Chile Seguros de Vida


Principal Compañía de Seguros de Vida Chile


Inversiones Marchigüe


Chilena Consolidada Seguros de Vida


Parque Arauco


Hispano Chilena de Inversiones


Piedra Roja Desarrollos Inmobiliarios


Grupo HMAN


Inmobiliaria Bricsa


La Cruz Inmobiliaria y Constructora


Inmobiliaria Indumotora


Asesorías Civilia


Echeverría Izquierdo Inmobiliaria y Constructora


Nieves Andina


Grupo Trade Center


Work highlights


  • Advised Metlife Chile on the refinancing of Inmobiliaria Su Casa, a real estate company that sells large residential towers in the centre of Santiago.
  • Assisted Constructora e Inmobiliaria Presidente Riesco with challenging a resolution that rejected the modification of a permit from Municipalidad de Las Condes for the development of a complex comprising four buildings.
  • Advising Bricsa (through the MBI Real Estate Consortium), on the change of control of real estate management and execution of the Ciudad del Sol project.

Guerrero Olivos

The seven-member real estate practice at full-service firm Guerrero Olivos fields a go-to team for developers, construction companies, investment funds and asset managers. The group comprises experts in real estate transactions and finance, as well as real estate asset management, project development, real estate litigation, and regulatory and permitting issues. The team additionally acts for major corporations from the retail, mining, and food and beverage sectors on real estate acquisitions, sales and leases. Firm managing partner and department head Martín Santa María focuses on both the transactional and regulatory aspects of real estate work; and José Gabriel Undurraga is an expert in real estate-related public law, regulatory and permitting issues, in addition to real estate-related disputes. From the senior associate ranks, Macarena Montt is experienced in real estate developments and due diligence processes; while Tomás Rosemary’s practice includes site transactions, project acquisitions, title reports, real estate financing, and leasing contracts.

Practice head(s):

Martín Santa María


Key clients

Macquarie Group


GLL


CBS Real Estate Developer


Inmobiliaria Box


Agrícola GU Real Estate Developer


Falabella Inmobiliario


ENACO


Inmobiliaria Absal


Trayecta Inmobiliaria


Fundación Vivienda


TECHO Foundation


P&G Larraín


Viña Casals de Gorsch


Patagonland


Work highlights


  • Advised Macquarie Group on a $142m real estate acquisition from Credit Suisse.
  • Representing construction company ENACO in real estate litigation.
  • Assisted CBS Real Estate Developer with over 20 real estate projects in Chile.

MBC Abogados

MBC Abogados’ large, 14-strong real estate practice has ‘a great deal of experience in real estate deals’. The team has a strong market-reputation for real estate acquisitions, sales and developments; and in addition to advising on significant matters in Chile, it also assists with real estate projects throughout Latin America. In recent highlights, the practice advised Inmobiliaria Torre Apoquindo on the negotiation and drafting of two lease agreements for a major real estate project called Urbana Center Apoquindo, as well as advising Inmobiliaria Irarrázaval Dos on the sale of the Somma Plaza Ñuñoa building. Jointly leading the department, Carolina Menichetti, Ignacio Bolelli and Benjamín Salas are all real estate development and financing specialists. At senior associate level, the practices of both Francisca Rodríguez and Josefina Durán include building permit matters, sales and leases.

Practice head(s):

Carolina Menichetti; Ignacio Bolelli; Benjamín Salas


Testimonials

MBC’s lawyers are exceptional.

A great deal of experience in real estate deals and super-attentive to detail.

Top-class people – a small team but clients deal 100% of the time with partners, which is an important differentiator from other firms.

Key clients

Inmobiliaria Irarrazaval Dos


Desarrollos Comerciales


Grupo Patio


Inversiones K


Patio Comercial


LV Patio Renta Inmobiliaria VIII


Inmobiliaria Torre Apoquindo


Greystar Chile


Work highlights


  • Advised Inmobiliaria Torre Apoquindo on the negotiation and drafting of two lease agreements for the Urbana Center Apoquindo real estate project.
  • Advised Inmobiliaria Irarrázaval Dos on the sale of the Somma Plaza Ñuñoa building.
  • Advised Patio Comercial, Rentas Patio I and Grupo Patio on sale negotiations with Fondo de Inversión Credicorp Capital Patio Renta Industrial I.

Philippi Prietocarrizosa Ferrero DU & Uría

Very meticulous in its approach to real estate work’, market stalwart Philippi Prietocarrizosa Ferrero DU & Uría acts for both international real estate investment funds and domestic real estate developers on major developments and transactions; and the team has enviable sector experience in residential condominiums, shopping centres, hotels, and apartment and office buildings, as well as urban and rural property-related developments. Practice head José Tagle is an expert in real estate investment funds, urban matters and corporate real estate law, whose caseload typically takes in residential projects, office buildings, hotels, shopping malls, mixed-use developments, multi-family projects, and agricultural real estate investments. Recently-promoted principal associate Cristóbal Uriarte acts, in turn, for agricultural and forestry clients, in addition to advising on real estate projects and related M&A deals. Former principal associate María Eugenia Badilla Lepe left the firm for IVM Abogados in March 2022.

Practice head(s):

José Tagle


Testimonials

They are very quick in their responses.

Very meticulous in its approach to real estate work.

Knows the market very well and looks for flexible solutions in order to reach agreements.

Speed in responding to the needs of our company. With practical as well as accurate and efficient solutions.’

Our lawyer is partner José Tagle and in the real estate field he is the most outstanding figure on the national scene today due to his negotiating skills, knowledge of real estate agents and his ease of accessing them.

The strong point of the real estate team is the trust they create with clients.

José Tagle has a very deep knowledge of the real estate sector. He is very commercial and a good negotiator. He gives excellent advice and explanatory assistance on his clients’ legal issues.

The work of Philippi Prietocarrizosa Ferrero DU & Uría is first class. They are fast and reliable. They are excellent when it comes to building bridges between the commercial and legal aspects. The main interlocutors have a very commercial mindset -which in my opinion is very important in real estate transactions- and they are particularly good negotiators. Even the most complex issues are presented in a transparent and understandable way; they always find good solutions to problems and solve them in the interest of their client. Comprehensive and competent care is guaranteed.

Key clients

Deka Immobilien


DWS | RREEF Management


Abu Dhabi Investment Authority


Jamestown


Credicorp Capital


Desarrollos Inmobiliarios


Inmobiliaria Duero


Penta Las Americas


Inmobiliaria Algeciras


Vivo Corp


Corp Group


Hotel Corporation Of Chile


Hancock Timber Resource Group


Folium Capital


FIA


Inmobiliaria Da Vinci


Grupo Urbana


Inmobiliaria Manquehue


CBRE Chile


Territoria


Royal Caribbean Cruises


Inversiones Thor


Orica Chile Distribución


Anglo American Sur


RWE Renewables Americas


Work highlights


  • Advised Deka Inmobiliaria Chile One on its negotiations with tenants, in relation to units in the Titanium La Portada building.
  • Advised DWS on its negotiations with tenants, in relation to a major mixed-use building.
  • Advised The Abu Dhabi Investment Authority on the acquisition of an 80% stake in Territoria Apoquindo.

CMS Carey & Allende

The four-member real estate practice at CMS Carey & Allende is highly focused on urban development, infrastructure projects and associated regulatory matters, and demonstrates particular expertise regarding the contractual tax and financial aspects of the sector, as well as the design of appropriate legal structures and property liquidations. The practice further encompasses zoning issues, easements, expropriations and the regularisation of the property titles of industrial plants and other real estate assets. Other key areas range from administrative litigation, to regulatory compliance and the procurement of permits. Leading the Santiago office’s real estate & construction and public & regulatory law practices, Pabla Gaínza's wide-ranging practice includes advising on matters in the industrial, retail, residential, educational, and hospitality and gaming segments. Experienced senior associate Karin Muñoz assists investors with title searches, real estate acquisitions, sales, and urban planning and zoning.

Practice head(s):

Pabla Gainza


Testimonials

Strong and well balanced team, with special leadership from Pabla Gainza.

Pabla Gainza’s commitment to her clients is exceptional. shee goes far beyond real estate practice, and is personally involved in the good results of the business.

The team led by Pabla Gainza, has been working with us since 2018, they have been able to respond and plan strategies according to the progress of the project.

Pabla Gainza is an innate leader. She is capable of thinking beyond the box, raising risks or action strategies, to solve the problems that the project encounters during its development. She is able to explain to other who are not expert in the subject, and she is extremely thorough in her work. And despite the fact that she has more clients than our company, she always makes us feel that we are the only company, since when it is an emergency or we need a specific analysis, she always complies.

Key clients

Banco Santander Chile


Santander Invetsment (Navegante Americo Vespucio)


Antofagasta Railway Company


AKI KB Minibodegas


The Church of Jesus Christ of Latter-Day Saints


Inmobiliaria GAC


Kineret Inversiones


Dekra Revisión Técnica


Clarial Inversiones


Marbella Chile


Stella


Work highlights


  • Advised Banco Santander on the real estate and corporate aspects of the acquisition of land for the construction of its new corporate building in Territoria.
  • Advised Kineret on the acquisition of apartments, warehouses and parking lots.
  • Advised Inmobiliaria GAC on a land search, promises to enter into purchase, sale and lease agreements, and urban planning advice on land use.

CEPD

With ‘very thorough knowledge of the market', mid-sized firm CEPD consistently advises developers, investors, leasers, constructors and lenders on commercial, residential and industrial projects; it also has agricultural, hospitality and social-housing sector expertise. The seven-member team handles project structuring and financing, joint ownership issues, special purpose vehicles, and due diligence during the purchase and sale of assets. It additionally handles the day-to-day management of projects. The department is jointly led by Antonio Dittborn (‘highly personalised attention'), whose practice incorporates land assemblage, acquisitions, planning, zoning, permits, environmental issues and construction contracts; and recently-promoted partner Sebastián Aninat, an adviser on urban planning, financing, corporate law and construction. Key senior associate Camila Aranda is experienced in the structuring, development and marketing of real estate and infrastructure projects.

Practice head(s):

Antonio Dittborn; Sebastián Aninat


Testimonials

The firm has very thorough knowledge of the market and a way of accompanying clients that is tailored to the business itself and its particular needs.

Solid advice.

Antonio Dittborn generates a trust and closeness with clients that is difficult to find in the market – highly personalised attention, as well as thorough technical knowledge.

Key clients

ENEA


Inmobiliaria Brick


DLS Desarrollos Logísticos


GSI Capital


Inmobiliaria Triangular


Inmobiliaria Bahía Mágica


Patagon Land


Patagonia Virgin


Inmobiliaria GDI


Inmobiliaria EVA


ICOM Inmobiliaria


Inmobiliaria Nuevo Barrio


Inmobiliaria ICUADRA


Empresa Mas


Blue Home


Besalco


AMPLO


Inmobiliaria ICAAD


Espacio Urbano


Termas Del Sol


Inmobiliaria MODE


Agricultural Land Corporation


Viña Luis Felipe Edwards


Club de Polo y Equitación San Cristóbal


Atlas Renewable


Acciona


Work highlights


  • Advised Inmobiliaria Brick on the land acquisition for five residential projects in Santiago.
  • Advising DLS Desarrollos Logísticos on the negotiation of five retail-related built-to-suit logistics centres.
  • Advised GSI Capital on the land acquisition (including the due diligence, financing, and purchase agreements) for five industrial projects in Santiago.

Garrigues Chile

With ‘great experience in the real estate sector’, the eight-member team at Garrigues Chile has broad expertise in residential, commercial, office and multi-use projects. The group advises clients at all stages of project development, from the financing, tax structuring and regulatory aspects, to the acquisition, development, construction, sale and lease of real estate projects. Heading up the department, José Miguel Rioseco has longstanding experience in real estate financings and development; while Luis Eduardo Correa acts for international and domestic real estate investment funds (institutional and retail), real estate developers, and service providers on both transactional and day-to-day matters. In the Santiago office’s associate pool, principal Eduardo Tirado is a late 2021 hire from Barros & Errázuriz who ‘strengthened its real estate practice considerably’; and seniors María Cecilia Morandé and Catalina Berrios Vergara (the latter recently promoted) are also key team members.

Practice head(s):

José Miguel Rioseco


Testimonials

The level of knowledge and ability to design strategies are really remarkable, and denote a deep knowledge of the market and businesses in which the firm operates.

A team that is very committed to its clients and knows a lot about both the real estate and commercial markets – highly involved in every transaction.

They know the market very well and get very involved.

Great experience in the real estate sector.

Garrigues strengthened its real estate practice considerably when  it hired principal associate Eduardo Tirado – a real success for Garrigues.

Eduardo Tirado – in addition to having experience in the real estate sector and up-to-date knowledge, this is a lawyer with great credentials and clarity when dealing with complex cases.

Eduardo Tirado and senior associate Catalina Berrios Vergara stand out. The work they have developed has allowed Garrigues to position itself as one of the relevant players in real estate law.

Key clients

Credit Suisse Asset Management


Asset Chile AGF


Inmobiliaria Santiago


Ameris Desarrollo Inmobiliario


SMU


Gtd Intesis


Inmobiliaria Parque El Rodeo


Inmobiliaria Matiz Cavancha


Inmobiliaria JY


Reserva Tehualda


Grupo Loga


Work highlights


  • Advising Credit Suisse Real Estate Fund International and Credit Suisse Asset Management on the sale of its entire office rental portfolio in Chile.
  • Advising Asset Chile on the acquisition (from the Nahmias Group) of a building comprising 292 flats, plus parking spaces and warehouses.
  • Advising Ameris Capital and Ameris Desarrollo Inmobiliario 7 on the structuring of several preferred lender operations for a private real estate investment fund (managed by Ameris Capital).

Larrain y Asociados Abogados

The seven-member real estate team at Larrain y Asociados Abogados advises on a wide array of sectors, including hospitality, residential and both non-urban and industrial developments. The group is also on hand to assist with renewable energy, forestry, agricultural and conservation projects, while standing out for its infrastructure and construction credentials. It is also increasingly active in relation to commercial real estate, such as cinemas, gas stations and malls. Jointly heading the department, José Pedro Baraona is a longstanding adviser to developers, lenders, buyers and sellers; and Juan Carlos Bulnes (a former Undersecretary at Chile’s National Property Ministry) is experienced in agroindustry, tourism and conservation work, along with urban matters and developments involving state-owned property. Raised to the partnership in January 2022, Juan de Dios Ferrada acts on real estate developments and acquisitions under both asset and share deal structures. Key support comes from associates Michelle Inzunza, who advises on real estate, public works concessions and project developments, and land contract expert José Spoerer.

Practice head(s):

José Pedro Baraona; Juan Carlos Bulnes


Key clients

NCH Hoteles


Empresas CMPC


Inmobiliaria Tecton


Day a Day


Work highlights


  • Advising Inmobiliaria Tecton on the development of several projects in Santiago.
  • Advising Empresas CMPC (and its subsidiaries) on real estate matters, including the purchase, development and leasing of industrial premises.
  • Advising NCH Hoteles on different hotel asset acquisitions.

Maira Vial Abogados

With ‘extensive knowledge of the real estate market’, boutique law firm Maira Vial Abogados (which opened its doors in 2021) acts for some of Chile’s largest real estate companies on real estate businesses’ full lifecycle. The nine-strong practice advises on due diligence processes, purchase and construction agreements, and contracts with gas and sanitary companies. It also assists with real estate M&A processes, real estate companies’ day-to-day corporate issues, project financing, permits, and sales and leases. The team is led by ‘excellent lawyerEsteban Maira (former name partner at Frias, Lagos, Maira & Vial Abogados), who regularly directs large real estate transactions and projects. Among the firm’s associate ranks, Stefano Fagetti is a recently-promoted senior, while María Fernanda Abarca (formerly at Barros Silva Varela & Vigil) is a promising up-and-comer. Former associate Sebastián Morgan moved in-house at Altadireccion Capital in August 2022.

Practice head(s):

Esteban Maira


Testimonials

Extensive knowledge of the real estate market. The firm is good in many ways: It is tremendously efficient without losing quality; and the lawyers know the applicable law very well, which makes them more detail oriented, and ends up being reflected in a higher quality of work.

A very united team where the partners are very present and review everything in detail. The most valued characteristic is speed and efficiency, without neglecting quality.

In real estate, the firm is very strong, has a lot of experience in the buying and selling of real estate assets, and the lawyers are always thinking about their clients and businesses.

Key clients

Isiete Grupo Inmobiliario


AVLA


Icuadra


Inmobiliaria Altas Cumbres


Grupo Vias


Uno Group


iHuella


Inmobiliaria Ilumina


iRefleja


Los Conquistadores


Work highlights


  • Advised Isiete Grupo Inmobiliario on the acquisition of land to build real estate projects in Santiago, Temuco, Villarrica, Talca and Rancagua.
  • Advised iHuella on the acquisition of land to build real estate projects in Temuco.
  • Advised AVLA on high-value project financings.

Marinovic & Alcalde Abogados

Marinovic & Alcalde Abogados’ eight-strong real estate group ‘stands out from the competition’. The practice has longstanding experience in land parcelling, lot divisions, changes in land use and construction, along with urban planning and urban development. Other areas of strength include concessions, expropriations, property easements, environmental issues, permitting procedures, and zoning and land use. The group additionally provides regulatory advice, handles M&A deals involving real estate assets and undertakes real-estate litigation regarding property leases. It also has a notable niche in social housing developments. With ‘a clear, strategic vision’, team head Juan Carlos Méndez  has a strong suit in the acquisition and sale of real estate assets particularly residential, commercial, mixed-use retail and office properties. Raised to the partnership in late 2022, Domingo Edwards is experienced in corporate, real estate and zoning legal issues, along with the financing and development of real estate projects. Laura Salazar and Francisca Gatica are the names to note at associate level.

Practice head(s):

Juan Carlos Méndez; Domingo Edwards


Testimonials

Stands out from the competition as the lawyers are always available to resolve doubts in an efficient and personalised manner. They work as a team so there is always someone available to assist.

A team that partners up with clients – vision and analysis that go beyond what is clearly legal.

Great accessibility from the members, extremely cordial treatment, and absolute willingness to answer questions – and all supported by an extremely solid legal basis. The team also becomes more and more diverse every year. The truth is that they do a great job.

Juan Carlos Méndez and Domingo Edwards both have full knowledge of the rules of the game and always show that they are concerned about clients.

Juan Carlos Méndez is always available for his clients. He understands and knows them well. He also has great interpersonal skills, and knows how to understand the people he is dealing with. This means that he manages to generate great relationships and eliminate tensions, thanks to his great human qualities.

Juan Carlos Méndez is intelligent enough to be able to use his legal knowledge in favour of effective and efficient solutions. He also has a clear, strategic vision.

Domingo Edwards is a great lawyer. Very professional and easy to deal with. He is also very creative in his proposals, not because he proposes risky options, but because he comes up with different and good ideas to attack problems.

Domingo Edwards stands out for his dedicated, personalised and professional attention.

Key clients

Magal Group


Boetsch Group


Carmell Grupo Inmobiliario


CCLA Group


Independencia AGF


Cencosud


Moncuri Group


Punta Blanca Grupo Inmobiliario


Engel & Völkers Chile-IV Region


Belfi


Work highlights


  • Advised Cencosud on the commencement of operations of a new line of business premises.
  • Advised Boetsch on the acquisition of land and the development of social integration projects.
  • Advised Magal on the development and sale of housing projects.

Urenda, Rencoret, Orrego y Dörr

The ‘always available’ five-member real estate practice at Urenda, Rencoret, Orrego y Dörr has significant experience in major real estate projects, including due diligence processes, and the negotiation and drafting of related joint venture, purchase and construction agreements. The group also assists with the financing of projects, obtaining administrative permits, and real estate property sales, with clients additionally look to the team for both day-to-day advice and the management of real estate projects. The practice is co-led by experienced partners Gonzalo Errázuriz, who maintains a broad real estate practice; and Felipe Rencoret, who combines his real estate experience with banking and finance and project finance specialisms. Rencoret and associate Andrés Siles provide ‘quick and well-founded responses’.

Practice head(s):

Gonzalo Errázuriz; Felipe Rencoret


Testimonials

Always available.

Quick and well-founded responses from Felipe Rencoret and associate Andrés Siles.

Key clients

Echeverría Izquierdo


Proyecto Valle Grande


AGSA (Inmobiliaria Santa Elena)


Grupo Marina


Nueva Costanera Participaciones


Inmobiliaria Parque Embajadores


Inmobiliaria Parque Bicentenario


Inmobiliaria Santa Sofía


Inmobiliaria Santa Inés


Inmobiliaria Mirador Barón


Inmobiliaria Mackenna 60


Inversiones Lastarria


Salomon Sack


Inmobiliaria Triángulo


Inmobiliaria Triángulo Dos


Inmobiliaria e Inversiones Paseo Prat


Rentas Angamos


Inmobiliaria Las Colonias


Inmobiliaria Puerta Pacífico


Agrícola La Palma


Work highlights


  • Advising Inmobiliaria Santa Sofía on the development of a real estate project called Mirador Santa Sofía.
  • Advising AGSA on the development of Santa Elena de Chicureo, a large urban real estate development.
  • Advising Inmobiliaria Valle Grande on the development of a 660-hectare real estate project in Santiago.

Baker McKenzie Chile

Baker McKenzie Chile’s practice acts across the entire real estate sector, its client list including buyers, sellers, developers and agribusinesses. The team is particularly noted for inbound investments in real estate, and the incorporation of real estate investment funds (and property acquisitions by such funds), but also has experience ranging from the establishment of medical cannabis facilities to advising religious organisation's on their real estate portfolios. It also routinely interacts with government agencies on zoning issues, and land usage and building requirements. The group is led by of counsel Andrés Wagner, an expert in property development and matters relating to the hospitality and tourism segments; he is flanked by experienced associates Francisco Nualart and Maria Elena Dörr who provide key support.

Practice head(s):

Andrés Wagner


Key clients

Mattel


Credicorp


Avenida


GrowforChile


Rentas Inmobiliarias Security – Fénix REIT


Cencosud


Stanley Black and Decker


Bimbo


Prana – Frutillar Developments


Bain Consulting


Work highlights


  • Advised Mattel on the sale of its toy manufacturing, packaging and distribution plant in Quilicura.
  • Advised longstanding client Credicorp on the acquisition of a 650-apartment, 23-floor building in Ñuñoa.
  • Assisted retail operator H&M with its local real estate contracts.

Barros Silva Varela & Vigil

Barros Silva Varela & Vigil fields a five-strong group that advises on the entire lifecycle of real estate projects. Its expertise ranges from project planning to financings, co-ownership contract negotiations, unit sales, and corporate and tax structuring. The team also assists with the legal monitoring of potential construction liabilities; and has notable specialisms in housing, real estate projects for rental purposes and matters involving government housing subsidies. ‘Excellent’ real estate department head José Joaquín Silva is experienced in complex real estate work, as well as territorial planning, corporate advice, environmental impact assessments, and negotiations involving communities. Senior associates Marcela Horzella and Soledad Marín also both maintain active real estate practices.

Practice head(s):

José Joaquín Silva


Testimonials

Quick responses, availability for the client, and interested in providing a complete diagnosis of the problem and solution options. In addition, the lawyers are very concerned with monitoring and following up with clients.

Knowledgeable and specialised in the topics it covers, and coordinated teamwork between the different areas of expertise.

José Joaquín Silva is excellent.

Key clients

Legría


Fondo de Inversión Renta Residencial – Fondo Renta Capital


Froilán Roa Real Estate


Ingevec Inmobiliaria


Ingevec Constructora


Inmobiliaria Inspira Chile Rural


Inmobiliaria Ecasa


Constructora Cumbre


Inmobiliaria Ilumina


Inmobiliaria Monferrato


Inmobiliaria PatagonLand


Papa John’s


Grupo Avenida Realty – Avenida


Work highlights


  • Advising Legría on the creation of the legal structure for the purchase of a portion of property.
  • Advised Fondo de Inversión Renta Residencial on the constitution of a large private investment fund for rental purposes.
  • Acting for Froilan Roa BSVV, a joint venture between LarraínVial and Ingevec, on the development of a mixed housing and commercial project.

Bofill Mir Abogados

The real estate department at Bofill Mir Abogados is a core part of the firm’s corporate offering and assists at all stages of real estate work, including the real estate aspects of agricultural and energy projects. Its advice ranges from the negotiation and execution of financing agreements, to construction matters and day-to-day advice on operational requirements. Other key areas include obtaining permits for project developments, and the execution of leasing agreements. The principal figures are Ana María Yuri, whose broad practice covers real estate, construction and projects; founding partner and real estate project finance specialist Octavio Bofill (the pair, highlighted 'for their extensive legal knowledge and ability to lead highly complex negotiation processes’; and Rodrigo Saffirio, whose experience includes property sales, property finance, and real estate-related asset agreements.

Practice head(s):

Ana María Yuri; Octavio Bofill; Rodrigo Saffirio


Testimonials

An office with extensive experience in corporate and real estate law. Great experience and know how on the part of its partners and professionals. They are able to understand the needs and culture of clients and seek legal alternatives to reach commercial agreements. Solid office with a lot of prestige and that gives a lot of confidence in its advice.

The partners and lawyers of this office have a lot of experience and give confidence in their professional advice. In particular, I would like to highlight the partners Octavio Bofill and Ana María Yuri, for their extensive legal knowledge and ability to lead highly complex negotiation processes.

Key clients

Ecomac


Neorentas


Bice Vida Compañía de Seguros


Enlasa


Grupo Río Blanco


Rosen


Terramater


Oxxean


Agrícola Sol de Victoria


Work highlights


  • Provides ongoing advice to Neorentas on the real estate and corporate legal aspects of its daily operations, which include two large shopping centre projects.
  • Advised Bice Vida on the financing for real estate projects.
  • Advised Ecomac on its subsidised housing projects.

Clyde & Co

Clyde & Co was established following the August 2022 merger between Grasty Quintana Majlis (previously already in association with London-headquartered Clyde & Co) and Halpern Pino. The Santiago office’s six-strong real estate group advises at all stages of real estate projects, its expertise covering real estate conveyances, construction agreements, joint ownership regulations, and real estate financing. The team also assists with the management of properties (lease drafting and project administration contracts), along with advising on property regularisation issues. The principal advisers are real estate and corporate group head Arturo Pino, whose experience includes the acquisition, development and financing of shopping centres, and office and residential buildings; and Hugo Prieto, who advises on real estate matters, in addition to corporate law, M&A, foreign investment and mining.

Practice head(s):

Hugo Prieto; Arturo Pino


Key clients

London 54


Elevation Investments


Inmobiliaria Inersa


Inversiones Punta Blanca


Inversiones e Inmobiliaria El Rosal


Asesorías e Inmobiliaria Froimovich


Claro Vicuña Valenzuela


Constructora Agua Santa


Constructora Arauco


Constructora Basalto


Work highlights


  • Advised London 54 (Das Holding affiliate) on the acquisition of real estate in Puerto Octay.
  • Advised Elevation Investments on the acquisition of approximately 300 properties.
  • Acted for Inmobiliaria Inersa on the development and operation of its real estate business throughout Chile.

Correa Squella

The real estate department at Correa Squella covers the financing and legal planning of sizeable massive condominium projects throughout Chile. The team is also active in relation to educational, mining, religious, agricultural, energy, port, and forestry infrastructure facilities; and routinely represents clients before the urban and administrative authorities in real-estate related administrative disputes. Real estate and corporate practice head Carolina Squella is experienced in complex housing and urban projects, as well as the development of public infrastructure (particularly port and energy-related infrastructure). Squella is supported by young associate Cristóbal Mackenna, whose broad practice also encompasses real estate, project infrastructure and urban regulations.

Practice head(s):

Carolina Squella


Key clients

Vientos de Renaico


Cousiño Holding


Viña Cousiño Macul


Statkraft


Empresa Eléctrica Pilmaiquén


Saffco Forestal


Parque Eólico El Pinar


Olivos Ruta del Sol


Sugal Chile


Parque Eólico Piedra Amarilla


Agrícola Puente Alta


Work highlights


  • Advised Cousiño Real Estate Holding on the development of Parque Cousiño Macul, a massive real-estate housing project that comprises housing infrastructure, and commercial, recreational, and educational facilities.
  • Advised Vientos de Renaico on the financing, planning, execution and selling of four wind farms in southern Chile.
  • Advising Inmobiliaria Crillón–Cousiño Holding on the sale and development of commercial property infrastructure.

HD Legal

Focused on advising major domestic and foreign clients, HD Legal’s six-member practice primarily handles residential, industrial, office and commercial real estate projects. The team demonstrates noteworthy expertise as regards real estate investment structuring, financings, title searches, land purchases, and the incorporation of development and investment vehicles. The practice also houses experience as regards construction bids, project execution and sales processes. Practice leader Juan Ignacio Peña routinely advises on real estate, project finance, and engineering and construction; while at associate level, the broad practice of senior Andrea Alarcón includes real estate work and that of the more junior Antonia Vial includes security agreements and regulatory permitting. December 2022 saw Javiera Lira (who handles corporate real estate and related financings) arrive from the Ministry of Women and Gender Equity; former fellow senior Andrea Maldonado exited firm the same month.

Practice head(s):

Juan Ignacio Peña


Key clients

Fynsa AGF


Nevasa AGF


Vantrust Capital AGF


Zurich Chile Asset Management AGF


Socovesa


Inmobiliaria Parque Los Alerces


Centro Urbano La Dehesa


Inmobiliaria JMI


HMC


Buydepa


Inmobiliaria Manquehue


Asesorías e Inversiones Rupanco


Work highlights


  • Advised Vantrust Capital on the mezzanine investment of an investment fund (managed by Vantrust Capital AGF) in two real estate projects.
  • Advising Inmobiliaria JMI on a residential project involving apartments in Providencia.
  • Advising Vantrust Capital on its investments in real estate projects.

Jara Del Favero Abogados

The experience of Jara del Favero Abogados’ real estate team includes planning, financing, title opinions, and land purchases. Other key areas range from regularisation issues involving rural and urban areas, to building permits, construction, sale agreements, and leases. The group is co-led by Sven Herlin, who maintains a significant real estate projects practice, in addition to advising international real estate companies that invest in Chile; and Julio Trucco (whoo was promoted to partner in January 2023), an adviser on real estate projects, business structuring, due diligence, M&A and contracts.

Practice head(s):

Sven Herlin; Julio Trucco


Testimonials

A prepared, multidisciplinary team that is willing to resolve legal procedures neatly and efficiently.’

Julio Trucco responds perfectly to the requirements of our company, with fast and effective management. He differs in self-management and initiative compared to lawyers from other firms.

Key clients

Itahue Raíces


Inmobiliaria Casas de la Iglesia


Inmobiliaria Las Frutillas


Inmobiliaria Itahue


Inmobiliaria Candelaria Goyenechea


Inmobiliaria Caracoles


Siom


Puerto + Arquitectura


Ararat


Hecaglobal


Inmobiliaria Rodó


Petra


ISP (Pedro de Valdivia Schools)


Agrícola Laberinto


Inmobiliaria Bilbao


Work highlights


  • Advised Itahue Raíces on the planning, financing and land purchasing for the construction of buildings.
  • Advised Inmobiliaria Ararat on the planning, financing and land purchasing for the construction of buildings.
  • Advised Inmobiliaria Candelaria Goyenechea on the development of real estate projects.

Morales & Besa

Morales & Besa’s six-member real estate and construction practice routinely works alongside the firm’s regulatory, banking and finance, tax, M&A and energy teams on major real estate and infrastructure projects. The team’s expertise encompasses purchases, sales, leases and financing, as well as development matters, construction, zoning regulations and title reviews. Group head Macarena Laso is an expert in public concessions, real estate, construction works and infrastructure projects; while senior associate Carolina Stalder is experienced in the negotiation of land agreements - such as purchases, long-term leases and easements.

Practice head(s):

Macarena Laso


Key clients

Constructora Ingevec


Patagonia Ventures


Patagonia Ventures Chile


Enjoy


Bredenmaster


Global Infrastructure Partners


Scotiabank Chile


CMB Prime


Banco de Chile y Banco Santander


Sungrow Power Chile


Enel Group


Work highlights


  • Advised Enel Group on the sale of the Santiago building where its current offices are located, as well as the lease of its new offices in the Mercado Urbano Territoria in Las Condes.
  • Advised Global Infrastructure Partners on its investment in the acquisition of energy assets owned by Actis.
  • Advised Banco Santander-Chile and Banco de Chile on the issuance of stand-by letters of credit and import letters of credit as required by Comercial Motores de los Andes to comply with its obligations under a bus supply contract, such advice including the preparation of land studies.

Prieto Abogados

Providing a ‘great level of service’, Prieto Abogados’ four-member real estate team is regularly sought out for complex projects, as well as ongoing real estate and urbanisation issues. The group’s expertise includes acquisitions, financings, development and construction work, as well as due diligence processes, land use, environmental matters and real estate-associated tax issues. The practice of the firm's dispute resolution head, Fernando Samaniego, also incorporates property law, construction, M&A, and capital markets; he and director Alejandra Bañados, who acts for both national and international clients on real estate and corporate work, are the key practice figures. Former senior associate Camila Urzúa departed the firm for Villarino e Ilharreborde in May 2022.

Practice head(s):

Alejandra Bañados


Testimonials

Prieto Abogados stands out for its teamwork.

Great level of service.

Always willing to support with accurate and timely legal advice.

Very good relationships with its clients – they are great at helping us make decisions.

They not only inform but also give clients their opinion, helping them choose between the different options.

Director Alejandra Bañados is key to the general management of the advice provided to clients.

Key clients

Vivocorp (Grupo Patio)


Inmobiliaria Simon Gutierrez


Delivery Hero Stores Chile


Automotores Gildemeister


Guala Closure


SBA Communication


Siena Inmobiliaria


Inmobiliaria Deisa


DP World


Agrícola Quiahue


Work highlights


  • Advised Vivocorp (Grupo Patio), one of Chile’s largest shopping centre developers, on an administrative process before the Municipal Building Department.
  • Advised Inmobiliaria Simon Gutierrez on the negotiation of a long-term building lease agreement entered into with Banco Itaú.
  • Advised Delivery Hero Stores Chile on the negotiation and drafting of several lease and sublease agreements.