A core area for Barros & Errázuriz' since it was founded in 1988, the firm's 13-strong 'multidisciplinary real estate practice is solid in all areas', consistently handling: complex real estate operations in a wide variety of industries; creative acquisition structures, real estate associations and consortiums; and real estate development project financing. The firm also fields specialists in infrastructure and construction, and telecoms infrastructure; and has consolidated its expertise in regulatory and contentious issues surrounding city planning, construction and tourism. Being a full-service offering, clients can additionally tap into the firm's robust, tax, banking and finance, capital markets, M&A and regulatory practices. The group's co-heads are José Ignacio Ovalle (building projects, condominiums, shopping centres, offices, ports, hotels and subdivisions); and 'very solid adviser' Patricio Solórzano and Oscar Ruiz-Tagle, who both have over 25 years' experience in real estate projects. Also integral to the team are counsel Alejandra Aránguiz (urban, regulatory and municipal administrative law) and senior associate Eduardo Tirado, who is active in corporate and real estate matters.
Real estate in Chile
José Ignacio Ovalle; Patricio Solórzano; Óscar Ruiz-Tagle
‘This multidisciplinary real estate practice is solid in all areas. They also have a network of exceptional professionals, which allows them to allocate the necessary resources and provide solid advice, and they are great for clarity and creativity.‘
‘An excellent service that is creative in its solutions and skilled in negotiations.‘
‘Great team – very committed to the client and fully solves the problems that clients face.‘
‘The lawyers are very available, which makes the work a pleasure. They respond in a very short time and the advice is at the highest level.‘
‘The team I work with is very professional, always available, friendly and timely; and they are more prepared than the counterparts with which I have had to interact.‘
‘Excellent backup system with very clear and fair billing.‘
‘The outstanding advisers are José Ignacio Ovalle and counsel Alejandra Aránguiz.‘
‘Patricio Solórzano is a very solid adviser.‘
Ameris Renta Residencial Fondo de Inversión
Sura Asset Management
Seguros de Vida Sura
Ameris Renta Residencial Fondo De Inversión
- Advised Sura Asset Management Advice on the purchase of Nueva Las Condes, a subsidiary of GLL Latam Chile.
- Assists Indesa, on an ongoing basis, with the development of a real estate project in Colina.
- Advised Vértice B&E on the acquisition and development of the second stage of a real estate project in Puchuncaví, comprising 50 apartments in three buildings.
Fielding 'one of the best real estate practices on the market', the 11-strong department at heavyweight firm Carey has substantial experience in the development, financing, construction and sale of real estate projects, including residential, commercial, industrial, mining, energy, hotels, casinos, agro-housing, conservation parks, shopping centres, office buildings and educational centres. It also houses specialists in purchases, sales, leases, portfolio securitisation, and real estate asset management; and the practice's advice typically encompasses corporate, regulatory and tax issues, as well as assessing potential dispute resolution claims. With previous experience including almost a decade at a major real estate development company, 'excellent legal and strategic adviser' Juan Pablo Stitchkin is widely respected for his advice on property development, commercial real estate, retail, regulatory issues and zoning, along with claim management and construction issues; and co-head and counsel Eduardo Martin (Officer of the International Bar Association Real Estate Committee) is highly regarded for acquisitions, sales and leasing work. Strong support is provided by associates Javiera Avilés and Tomás Varela ('great handling of real estate/urban issues'), who both have broad experience in real estate matters.
Juan Pablo Stitchkin; Eduardo Martin
Other key lawyers:
‘The Carey real estate group is a solid team, with excellent negotiators who are very knowledgeable about the market.‘
‘One of the best real estate practices on the market.‘
‘Great technical and legal knowledge that makes them an indispensable ally for negotiations and support during the development of real estate projects.‘
‘They understand the problems of the real estate world very well, so they are quite autonomous and do not need the client’s input for everything.‘
‘The team has a lot of experience, which is of great help to clients.‘
‘A good team, particularly Juan Pablo Stitchkin, who is an excellent legal and strategic adviser – I would highlight his negotiating skills and knowledge of the market.‘
‘Juan Pablo Stitchkin understands the issues and problems of the real estate world.‘
‘Associate Tomás Varela knows what he is talking about – great handling of real estate/urban issues, with a business vision that makes him stand out at the table; he has the ability to transmit real confidence.‘
Inmobiliaria Nueva Córdova
- Advised FAS, a Chilean distributor of faucets and valves, on the contracts for the sale of the company’s headquarters and warehouse in Santiago.
- Advised Falabella on the new company construction contracts and bidding terms documents for the development of different anchor stores and related projects in Chile.
- Assisted H&M with its long-term leases in Chile, including related title searches.
'A great asset when looking for real expertise', the eight-strong department at full-service Cariola Díez Pérez-Cotapos is 'second to none' in the Chilean market for its advice on major real estate M&A deals, including the purchase and sale of large shopping malls, office buildings, and utilities' real estate assets. It is also highly experienced in major projects involving industrial plants, shopping malls and large IT premises, and consistently sought out for its assistance with urbanism and territorial development-related regulations, long-term lease agreements, and construction issues involving industrial, commercial and energy projects. Juan Pablo Matus, whose broad practice includes major real estate projects is 'an excellent lawyer and negotiator'; and promoted to partner in 2020, the 'very responsive' Tomás Vidal's 'substantive experience' includes advising foreign funds on the acquisition of office buildings in Chile and the management of condominiums. At associate level, the practices of Mónica Pavez and Daniela Fierro include real estate assistance to local and foreign companies.
Juan Pablo Matus; Tomás Vidal
‘Cariola’s expertise in M&A and real estate matters in Chile is second to none.‘
‘All of their attorneys are highly educated and have worked on several of the largest and most sophisticated deals in the country, which makes them a great asset when looking for real expertise.‘
‘Juan Pablo Matus is an excellent lawyer and negotiator.‘
‘Tomás Vidal is very responsive, has substantive experience and is very well organised. He is also a good communicator and does a great job at identifying high-risk/high-importance points (business and commercial), and separating them from less relevant issues during diligence/negotiations.‘
Container Operators (Contopsa)
Maersk Container Industry
- Advised Dopplemayr on the development of a bicentennial cable car project.
- Advised Ripley on the transfer of assets (including stores), further to the merger of subsidiaries, as well as the negotiation of extensions and amendments to long-term lease agreements with several malls.
- Assisted Levi Strauss with reviewing and negotiating lease agreements for new stores in Chile.
Fontaine & Cía
'Without a doubt, the best firm in the real estate field', Fontaine & Cía's 11-member practice acts for a diverse range of players in Chile's real estate market (including real estate and construction companies and institutional investors), in relation to the development of real estate projects and office, commercial and industrial centres; and typical work ranges from initial planning stages to the final retail phase or leasing to third parties. The team also advises on the finance and sales side, and on large-scale public infrastructure projects. Residential, office, industrial and commercial real estate project specialist Montserrat Valverde ('outstanding partner') heads the team, which also showcases financing, rental and development expert Juan Eduardo Troncoso; and Diego Marín, whose practice includes consortium formation for the development of projects and tenders, and advising investors on participation agreements and business management matters. The associates to note are Ramón Reyes (project development and financing), real estate law specialist Javiera Serani, and urban planning and territorial regulations expert María José Álvarez.
Montserrat Valverde; Juan Eduardo Troncoso; Diego Marín
‘Fontaine & Cía’s expertise in the real estate area is publicly recognised by the Chilean legal market.‘
‘Compared with other firms, it has an important advantage in real estate matters.‘
‘Given the prestige that Fontaine & Cía has in real estate and the experience it has in complex operations, the firm has an edge over a large proportion of the national firms. It provides the best advice possible.‘
‘Great for availability, extensive knowledge of this area, proactivity, concern for the client, knowledge of the business, and ability to solve highly complex problems – without a doubt, the best firm in the real estate field.’
‘High accessibility to both partners and associates, outstanding knowledge of matters, and resolution of complex issues.’
‘A great team that is very well trained in real estate issues and all associated areas – it compares very well with other law firms.‘
‘The outstanding partner is Montserrat Valverde; she stands out for her knowledge and availability to answer questions, especially those requiring urgent resolution.‘
‘Montserrat Valverde and associate Ramón Reyes have demonstrated deep knowledge of the law and an extraordinary approach to clients’ needs.‘
Compañía de Seguros Confuturo
Metlife Chile Seguros de Vida
Principal Compañía de Seguros de Vida Chile
Inmobiliaria Bellavista (Inversiones Marchigüe)
Chilena Consolidada Seguros de Vida
Hispano Chilena de Inversiones
Piedra Roja Desarrollos Inmobiliarios
La Cruz Inmobiliaria y Constructora
- Advised Compañía de Seguros Confuturo on the acquisition and financing of the construction of Núcleo Recoleta, which comprises mini-warehouses and offices.
- Advised Principal Compañía de Seguros de Vida on a property-related mortgage loan operation.
- Advised Inmobiliaria La Cruz Inmobiliaria y Constructora on the transfer of several plots of land that are intended for real estate housing projects.
The six-strong team at full-service law firm Philippi Prietocarrizosa Ferrero DU & Uría has an enviable name in the market for its assistance to international real estate investment funds, with particular experience in residential condominiums, apartment and office buildings, shopping centres, hotels, and urban and rural real estate developments. Clients additionally benefit from the team's ability to advise on financing and tax structures, real estate-related M&A matters, environmental impact studies, and property investors' partnership agreements. Team head José Tagle, who 'finds solutions where usually there are none', is highly rated for real estate transactions, investment funds, urban law, corporate real estate law, and the purchase and sale of assets and company shares. Significant support is provided by senior associates María Eugenia Badilla Lepe (preparation of title studies, sale and purchase agreements, lease contracts and registry matters); and Cristóbal Uriarte ('solid knowledge of the real estate business'), who focuses on both the development of real estate projects and real estate-related M&A.
‘The team provided a very thorough review and synthesis of its findings in an easy-to-understand manner and to a very tight timeline.‘
‘Very good in the technological side, fast billing and adequate responses to our legal requirements.‘
‘Strong legal knowledge combined with tax law expertise.‘
‘Great for attention to detail, provision of thorough documentation and impressive analysis of real estate matters.‘
‘José Tagle and senior associate are industry leaders in natural resources-related real estate; their ability to review quickly, digest and provide summaries of complex real estate matters is extremely helpful, given we are often working under less than ideal timelines.‘
‘José Tagle finds solutions where usually there are none.‘
‘Even though he is still young, Cristóbal Uriarte has solid knowledge of the real estate business, is actively involved in the issues, and delivers timely and clear answers.‘
Abu Dhabi Investment Authority
Penta Las Americas
Core Capital Safi
Moonvalley Capital y Asesorías
GLL Real Estate Partners
Hancock Timber Resource Group
Orica Chile Distribution
Ensamble Desarrollos Inmobiliarios
- Advised Deka Inmobiliaria Chile One on negotiations with tenants, in relation to the Titanium La Portada building.
- Advised Deka Inmobiliaria Chile One on the acquisition of an additional floor in the Titanium La Portada building.
- Provides regular counsel to DWS in relation to the management and leasing of units in Isidora 3000, a major mixed-use building.
The 19-strong department at Bofill, Mir & Álvarez Jana predominantly advises financial institutions (including insurance companies) on real estate projects, while international investment funds are regularly assisted with real estate investments; clients additionally benefit from the firm's expertise in tax, regulatory matters, disputes, natural resources and environmental law. The group is co-led by Alejandro Álvarez, who advises construction and real estate companies on their legal and finance requirements, and assists with real estate project-related public subsidies; and fellow name partner Octavio Bofill, whose practice includes real estate project finance. Other active partners are Ana María Yuri, who works with insurance companies and investment funds on real estate matters; Rodrigo Saffirio (pre-sale reviews, contracts and real estate finance); and José Antonio Velasco, who is experienced in real estate project finance and developments.
Alejandro Alvarez; Octavio Bofill
Enlasa Generación Chile
Jackson Wine Estates
Pacal Grupo Inmobiliario
- Advised Ecomac on structuring the financing of six subsidised housing projects.
- Assisted Bice Vida with the development of a major shopping centre in San Felipe.
- Advised Balthust, a luxury gymnasium and sports complex, on a tender offer process for the concession of a key piece of real estate in Santiago’s Vitacura.
'Great for technical quality and legal creativity', CMS Carey & Allende is particularly focused on urban development, infrastructure development and regulatory matters. The compact team has longstanding experience in urban zoning matters, pipeline developments, power lines and other easement matters, as well as expropriation procedures and the regularisation of property titles for industrial plants and other real estate assets; and in addition to advising on project structuring at contractual, tax and financial levels, the group's assistance comprises property diagnoses and clearances, as well as designing appropriate legal structures. The 'best lawyer around for urban regulation issues', Pabla Gaínza heads the real estate and construction and public law and regulatory practices, with senior associate Karin Muñoz providing valuable support on real estate projects.
‘Stands out as a solid firm that gives efficient answers.‘
‘They seek, not only solutions, but also development strategies so as to advance the different issues at play.‘
‘Commitment and better knowledge of the market than others.‘
‘Great for technical quality and legal creativity.‘
‘The team, led by Pabla Gainza, differs from other firms for the speed of its responses and technical rigour.‘
‘Pabla Gainza’s greatest strength is her ability to mix legal knowledge with commercial and urban planning expertise; she also knows how the associated bureaucracy works, which allows her advice to be very complete and realistic.‘
‘Pabla Gainza has extensive theoretical and practical knowledge – she is the best lawyer around for urban regulation issues, as she knows every detail of the regulations and her recommendations are applicable and accurate.‘
Antofagasta Railway Company
Banco Santander Chile
AKI KB Minibodegas
The Church of Jesus Christ of Latter-Day Saints
Dekra Revisión Técnica
Inmobiliaria Tres Norte
- Advised Antofagasta Railway Company on both the development of an urban project in downtown Antofagasta and the development of a new subdivision plan, including the analysis of streets and expropriations by the Chilean government.
- Assisted Aki KB with the review of property deeds, as well as a promise to enter into a purchase agreement for the acquisition of six plots of land for the construction of self-storage facilities.
- Advised Dekra on construction matters, inspection plant relocations, and the procurement of building permits and construction contracts.
Finding ‘creative solutions to the most delicate problems‘, the five-member group at Fleischmann & León Abogados advises a raft of real estate and construction companies – as well as investment funds – on the development of housing (including those involving government subsidies), office and commercial projects; and its focus includes advising project clients on their relations with landowners, finance structuring, and negotiations with operators of commerce stores and shopping centres. Real estate, construction, M&A and project finance specialist Juan Pablo Urenda (‘a great lawyer‘) leads the real estate practice, which includes: founding partner Juan Ignacio León Lira (construction, real estate, public works concessions and mining projects); and senior lawyer Vicente Fuenzalida Rivas, who ‘understands the real estate and construction business very well'. Since publication, the early-2022 departure of León (to ONTIER Chile), has seen Paulo Román Reyes (a 2019 arrival from the former Aninat Schwencke & Cia) take on a name-partner role with the firm reorganised as Fleischmann & Román Abogados; it has subsequently hired infrastructure and construction litigation specialist Juan Carlos Flores from Abogabir Miranda Abogados – effective as of March.
Juan Pablo Urenda; Vicente Fuenzalida
‘What makes this practice unique in this firm are its soft skills, as well as its commercial-legal expertise.‘
‘I especially appreciate the accessibility they display every time we ask for them, as well as the quality of their work and the speed of their responses.‘
‘We have the best impression of Fleischmann and León – they adopt a very personalised approach, the partners are involved in the assignments, and they are orientated towards solutions rather than just diagnoses.‘
‘The dynamics of their work stands out, as well as their availability to respond and attend to our requests – they are young lawyers with great strength and drive, and they find creative solutions to the most delicate problems.‘
‘The team’s lawyers are involved in every issue of the real estate business, demonstrating their great expertise and creativity when making complex decisions.‘
‘Juan Pablo Urenda is a great lawyer – I have the best opinion of his professionalism and ability. He is very prepared, with the ability to analyse and resolve all matters entrusted to him with legal security.‘
‘Juan Pablo Urenda’s skills as a lawyer are complemented by his commitment and dedication to the client, which have allowed him to gain our trust and see him as a partner and ally to our business.‘
‘Senior lawyer Vicente Fuenzalida understands the real estate and construction business very well, and he is always directly and personally in charge of attending to each issue we entrust to him. It has been a very good experience working with him, and we look forward to doing so again.‘
Gestión y Asesorias Inmobiliarias Real Assets
SBA Torres Chile
British Royal School
- Assisted IFB Inversiones with the acquisition, financing and administration of 25 shopping centres.
- Advised Inmobiliaria Koyam on the framework agreement to promise to buy a plot of land in Buin for the development of a social project, involving the construction of 298 houses and green areas.
- Advised Real Assets on the sale of a Stripcentre (Paseo La Cruz) in Lo Barnechea to Chilena Consolidada.
The principal areas of focus for Guerrero Olivos' six-strong team are real estate transactions and finance, but the practice also encompasses asset management, project development, regulatory issues and real estate-related litigation. On the projects side, the group assists with early-stage pre-contractual matters, including acquisitions, financings, permits and construction contracts, through to the sales process. Practice head Martín Santa María has both transactional (AAA office market, site deals and day-to-day servicing of real estate developers) and regulatory (zoning regulations and real estate permit conflicts) practices. Providing essential support are José Gabriel Undurraga (public law, regulatory matters, permitting, real estate and related disputes); and senior associate Tomás Rosemary, who advises on real estate transactional aspects.
Martín Santa María
‘Guerrero Olivos knows a lot about the real estate world; they provide great support, and the firm is a very strategic partner with excellent quality/price ratios.‘
‘They are very knowledgeable about the real estate industry, and extremely decisive when carrying out the different tasks entrusted to them.‘
‘Good experience in the relevant business issues and permanently available to solve problems.‘
‘Clarity from a great team with different specialisms, which results in a very complete and satisfying experience.‘
‘The mix of both senior and junior people facilitates the completion of tasks both quickly and efficiently.‘
‘Great experience and knowledge of the industry, particularly Martín Santa María. He and each team member also have very positive attitudes, are very friendly, and always interested in offering the best possible solution or advice.‘
‘A balanced and competent legal team that serves our company in a timely manner, which is the merit of team leader Martín Santa María.‘
‘Senior associate Tomás Rosemary is very analytical, and always strives to understand the context of the problem before proposing solutions – he is also very practical and handles clients very well.‘
GLL Real Estate Partners
- Advised Falabella Inmobiliario/Rentas Falabella on real estate and permitting matters, as well as real estate-related dispute resolution.
- Advises GLL Real Estate Partners on its real estate transactional and asset management issues in Chile.
- Advised Patagonland on the acquisition and development of three residential building projects in Santiago (as well as permitting issues).
Widely respected for its infrastructure and construction expertise, Larrain y Asociados Abogados‘ seven-member real estate department consistently advises developers, sponsors, buyers, sellers and lenders on property transactions and project developments, including due diligence, finance and M&A work. The firm also fields experts in real estate litigation, title reviews, collateral issues, co-ownership regulations, and purchase and transactional agreements; and its sector knowledge covers housing, hospitality, viticulture, energy and mining. The practice is co-led by José Pedro Baraona (residential and commercial real estate developments and transactions); and Juan Carlos Bulnes, a former Undersecretary at Chile’s National Property Ministry, who is active in agro-industry, tourism and public property-related matters. The senior associates to note are José Spoerer (over nine years’ real estate experience), Juan de Dios Ferrada (recently active in zoning and land use matters), and real estate transactions expert Manuel Larrain. Since publication, de Dios Ferrada and Joaquín Larrain have been raised to the partnership – effective January 2022.
José Pedro Baraona; Juan Carlos Bulnes
Banchile Administradora General de Fondos
Sociedad Concesionaria Vespucio Oriente
Empresas La Polar
Sociedad Concesionaria Camino Nogales-Puchuncaví
The Singular Hotels
Sociedad Concesionaria Intermodal La Cisterna
- Assisted La Polar on the development of a distribution centre and warehouse in Pudahuel.
- Advised Australian Commonwealth Government on the sale of its ambassadorial residence property.
- Advised SQM on territorial permits for the development of a desalination plant in northern Chile.
Advising investors, lenders, and other key real estate players, Marinovic & Alcalde Abogados' seven-strong group has substantial experience in urban planning and development, land parcelling, lot divisions, land use changes and concessions, along with expropriations, property easements and water rights. Other areas of strength include real estate, construction and environmental-related permits, as well as regulatory matters and compliance with land use regulations. The principal advisers are real estate head Juan Carlos Méndez (over 30 real estate projects during 2020); founding partner Iván Marinovic Pacey, who adds notable gravitas to the team; and senior associate Domingo Edwards, who is active in corporate, real estate and zoning matters, as well as project finance and developments.
Juan Carlos Méndez; Iván Marinovic Pacey; Domingo Edwards
‘The level of knowledge here is very high.‘
‘The team at all levels, including partners, is strongly involved in solving the challenges posed in the best possible way – a clear difference from other firms.‘
‘Its commitment, added to its extensive legal expertise and very good interpersonal skills, make the firm and its real estate group ideal allies for us.’
‘They reacted very well to the pandemic by incorporating technological facilities, and the diversity of the team has also increased.‘
‘Juan Carlos Méndez knows the law related to real estate like the back of his hand; he also has the best interpersonal skills that I have ever seen in any lawyer, practice or firm.‘
‘Juan Carlos Méndez is key to solving, in a more friendly way, situations that could be much more complex – his commitment is absolute, it is as if he is another member of our company, and his honesty and ethics are flawless.‘
‘Senior associate Domingo Edwards is a great lawyer, who proposes innovative solutions and provides very interesting perspectives on the various problems we face.‘
Carmell Grupo Inmobiliario
Engel & Völkers
- Advised Inmobiliaria Dora on negotiations with Brazil’s Odata, which concerned the leasing and subsequent sale of land (where a large data centre in Chile will be built).
- Advised Boetsch on the acquisition of the land on which it will build new social integration projects.
- Advised Inmobiliaria Zurich-Grupo Carmell on the sale of the second stage of a mixed-use project to Rentas Cuarto Cententario.
Delivering ‘powerful work in the real estate sector‘, MBC Abogados advises some of the most prominent players in Chile’s real estate sector on major projects (all over Latin America and beyond); and the large 20-strong department assists with the full gamut of real estate-related transactions and projects, including acquisitions, establishing of real estate funds, property finance and real estate development. The practice co-heads are ‘outstanding attorney‘ Carolina Menichetti and Benjamín Salas (partner since 2019), who are both real estate project development specialists; and Ignacio Bolelli, a legal adviser to Grupo Patio’s board of directors. The department is strongly supported by senior lawyers Francisca Rodríguez, Cristóbal Silva and Sybil O’Reilly, who are all active in real estate project development and financing work. Former senior associate Diego Yávar left the firm in April 2021.
Carolina Menichetti; Ignacio Bolelli; Benjamín Salas
‘Delivers powerful work in the real estate sector, which complements the firm’s corporate law expertise.‘
‘They work well as a team and are very receptive and authoritative when making decisions.‘
‘Very good communication between the internal team, which is aware of all relevant information.‘
‘They have practical and business experience that cannot be found at other firms, and they are able to participate in business negotiations as if they were the owners; at the same time, they are extremely thorough in all legal details, and ensure that their clients are protected and understand all the risks of their decisions.‘
‘Excellent knowledge from competent people – a cutting-edge team that keeps up to date with new trends and structures, and is committed to clients.‘
‘Great for the speed of its advice.‘
‘Always trying to update itself in terms of what it can deliver and which legal areas to target, which is why its number of attorneys continues to grow.‘
‘Carolina Menichetti is an outstanding attorney who has very deep knowledge of the real estate area.‘
Fondo de Inversión LV-Patio Renta Inmobiliaria I
Patio Comercial Patio Residencial
Inmobiliaria y Constructora Bicentenario
- Advised Patio Comercial and Fondo de Inversión LV-Patio Renta Inmobiliaria I on the acquisition of Administradora e Inmobiliaria Edificios, a lessee with an option to purchase agreement for the CorpGroup corporate building in Las Condes.
- Advised Inmobiliaria y Constructora Bicentenario on the acquisition of a house, which is one of the properties to be purchased by Grupo Patio with the view to developing an office building in Santiago.
- Advised Patio Internacional on the purchase from a Mexican company of a warehousing centre in Mexico.
The four-member team at Prieto Abogados advises on the full gamut of real estate sector work surrounding the acquisition, development and construction of large real estate projects, including assistance with tax planning, finance, corporate law, land use, environmental matters and construction issues; the team also handles due diligence work and contract negotiations. With longstanding experience in leading the real estate practice, Fernando Samaniego's focus includes arbitration and litigation work, particularly in relation to infrastructure and real estate disputes. Providing key support are Alejandra Bañados (promoted to counsel in 2021), whose practice includes acquisition projects, long-term lease agreements and due diligence; and senior associate Camila Urzúa, who is active in real estate transactions and bidding procedures. Former partner Cristóbal Villarino and associate Juan Andrés Ilharreborde left the firm in early 2020.
Sociedad Rentas de Capitales Inmobiliarios ISC
Pedidos Ya Chile
DP World Chile
- Advised Inmobiliaria Deisa on the sale of luxury apartments in the eastern part of Santiago.
- Advised Toboso Asesorías on its negotiations with Empresa Constructora DLP, which concern the construction of a shopping centre called Power Center Patio Riesco in Maipú (Santiago).
- Advised Forestal Alba on the partition and creation of a condominium in Vitacura, Santiago.
Urenda, Rencoret, Orrego y Dörr's real estate department is well known for its full-service assistance during the development of real estate projects, including due diligence, joint ventures, purchase and construction agreements, finance, obtaining administrative permits, and property sales. The department is also highly regarded for its day-to-day advice, as well as its assistance with real estate project management; and in recent highlights, the team advised Inmobiliaria Angamos on a new 89-unit residential building in Antofagasta. The team co-heads are experienced partners Gonzalo Errázuriz ('availability is almost always immediate'), and Felipe Rencoret (partner since 2017), who both advise on a diverse range of real estate work. Frequently working alongside Errázuriz is key associate Andrés Siles.
Gonzalo Errázuriz; Felipe Rencoret
‘UROD’s real estate support is very important to us, not only for the legal advice, but also for its knowledge of the industry and different stakeholders.‘
‘The work of this team complements our needs very well, as it integrates new innovations into the development of each project.‘
‘Great for accessibility to its lawyers, who are quick to respond to enquiries and demands.‘
‘The essential differences are its knowledge of the real estate industry, and the firm’s teamwork and efficiency in delivering timely responses that add value to the development of our projects.‘
‘Working with Gonzalo Errázuriz has allowed us to prepare for different scenarios, and to be able to work calmly on our own; his availability is almost always immediate and he greatly supports clients so as to get things done.‘
‘Felipe Rencoret stands out in the team.‘
Inmobiliaria Valle Grande
AGSA (Inmobiliaria Santa Elena)
Inmobiliaria Mall Viña del Mar
Nueva Costanera Participaciones
Inmobiliaria Parque Embajadores
Inmobiliaria Parque Bicentenario
Inmobiliaria Santa Sofía
Inmobiliaria Santa Inés
Inmobiliaria Mirador Barón
Inmobiliaria Mackenna 60
Energía de la Patagonia y Aysén
Inmobiliaria Triángulo Limitada
Inmobiliaria e Inversiones Paseo Prat
- Advised Inmobiliaria Valle Grande on the development of a 660-hectare real estate development in Santiago.
- Advised Inmobiliaria Santa Sofía on the development of a real estate project, comprising six buildings and 78 luxury apartments.
- Advised Inmobiliaria Angamos on a new 89-unit residential building in Antofagasta.
Baker McKenzie Chile
Baker McKenzie Chile's Santiago office advises buyers, developers and sellers from a variety of industries on the acquisition of major real estate. Particularly notable areas of expertise include the establishment of medical cannabis facilities; the construction and operation of properties for religious organisations; real estate finance; liaising with government agencies on land usage and building requirements; and inbound real estate investments. Seasoned in handling hotels and tourism industry matters, senior counsel Andrés Wagner leads the Santiago real estate group, which includes associates Francisco Nualart (property planning, construction and developments); and Maria Elena Dörr, who is active in real estate development and agriculture projects.
Rentas Inmobiliarias Security – Fénix REIT
- Advised Ideal (Bimbo’s subsidiary in Chile) on the acquisition of a factory development plot in southern Chile.
- Assisted Ascensores Schindler with an agreement to lease (and eventually acquire under a hire-purchase contract) a Santiago headquarters building.
- Advising GrowForChile on the ongoing acquisition of DayaCann from AusCann (a former shareholder), including the renegotiation of a lease on a ten-hectare farm in the Talca region that is significant for permitting reasons.
'Very competent in real estate matters', Barros Silva Varela & Vigil's six-member group is particularly experienced in the urban and environmental regulations surrounding real estate projects; clients also benefit from the firm's ability to assist with real estate project-related administrative and judicial issues. Typical work includes housing projects; real estate-for-rental matters; real estate projects involving government housing subsidies; and real estate financing through preferential capital structures. The broad practice of department head José Joaquín Silva ('very good business vision') covers real estate, regulatory and territorial planning issues, projects' environmental impact assessments, and negotiations with communities. Associate Marcela Horzella provides key support.
José Joaquín Silva
‘The BSVV team is very competent in real estate matters, and they know a lot about the business itself and its challenges.’
‘I have worked with several law firms in Chile – BSVV is the one that has given me the best service.‘
‘A very solid and professional team that stands out for its speed, understanding of clients, and good connections with different stakeholders.‘
‘The team has grown and they have incorporated very competent lawyers.‘
‘A young, very professional and committed team that excels in this area -they are also efficient and fast.‘
‘José Joaquín Silva is a lawyer who has very good business vision, understands what the client needs, and is also always available. We also work with associate Marcela Horzella, who has a lot of experience, and is very professional and responsible.‘
‘José Joaquín Silva knows the industry very well and has great negotiation abilities.‘
‘José Joaquín Silva is always very available; he is very creative in seeking solutions to problems that at first seem to have no solution, and is also a very thorough and personable attorney.‘
Avante Financial Group
Renta Capital FIP
Inmobiliaria Froilán Roa
- Advised Tiramisú on a 1,300sqm land sale to Consorcio.
- Advised Renta Capital FIP on the incorporation of a large private investment fund (for rental purposes).
- Advising Inmobiliaria Ingevec on 13 housing construction and sale projects.
Coeymans, Edwards, Poblete & Dittborn
The nine-member group at mid-sized firm Coeymans, Edwards, Poblete & Dittborn covers the full range of real estate sector-related work, including real estate business structuring, financing and due diligence, along with the purchase and sale of real estate assets; and its sector experience includes residential, commercial, industrial, agricultural and hospitality. A former legal manager of engineering and construction company, Besalco, name partner Antonio Dittborn (residential, commercial and industrial real estate projects) leads the real estate practice; working alongside Dittborn is senior associate Sebastián Aninat, who rejoined the firm in January 2020 after stints at both White & Case LLP and Banco BBVA in Germany’s Frankfurt.
‘Coeymans, Edwards,Poblete & Dittborn has extensive experience in real estate matters, advising important market players on the structuring and commercialisation of real estate projects.‘
‘A young team with thorough knowledge of urban regulations.‘
‘Remarkable knowledge of the business and the market, and with great negotiating skills.‘
‘Their specialisation in the real estate space is very prominent because they understand all phases of the business and have a very commercial vision.‘
‘Very fast and skilled, with a highly experienced focus on the real estate industry.‘
‘Antonio Dittborn has thorough knowledge of this practice area and extraordinary availability for his clients, with whom he becomes a relevant business partner.‘
‘Antonio Dittborn is very diligent, capable, creative and personable – he leads his team well.‘
‘Antonio Dittborn is a very versatile lawyer, who has experience in the development of real estate and industrial projects; he also has extensive expertise in advising investment funds and family businesses on general corporate matters.‘
Inmobiliaria San Patricio
Inmobiliaria Nuevo Barrio
Inmobiliaria Bahía Panguipulli
Inmobiliaria El Cacique
Agricultural Land Corporation
Amplo Asset Management
Penta Vida Compañía de Seguros de Vida
Inmobiliaria Costa Terao
Garcia Bruce Desarrollos Inmobiliarios
Inmobiliaria Nuevo Barrio
Viña Luis Felipe Edwards
Inmobiliaria Flores del Maipo
Inmobiliaria Santa Clara de Buin
Massai Agricultural Services
Inmobiliaria Bahía Mágica
Inmobiliaria Aires de Cauquenes
- Advised Inmobiliaria Bahía Mágica on the planning, urbanisation, structuring and development of a high-profile residential and tourism real estate project in Coquimbo.
- Advised Inmobiliaria GDI on the structuring of a housing development fund that focuses on social and territorial integration.
- Advised Avitta on the structuring of a rental income fund (with a projected investment of over $400m).
Correa Squella houses a ‘very productive‘ five-member real estate practice that is experienced in the financing and execution of large condominium projects nationwide, as well as the legal structuring for educational, mining, religious, agricultural, energy, ports, and forestry infrastructure facilities. Other notable areas include compliance procedures, and project development and crisis management; and the firm has recently expanded its practice to cover real estate and urban law litigation. Both the real estate and corporate practices are led by Carolina Squella, who is particularly well known for the development of ports and energy-related infrastructure.
‘Their productivity levels make them unique.‘
‘They are practically part of the company’s team, which allows them to work with total confidence and without supervision.‘
‘They are very productive, especially Carolina Squella, who always leads the work. You have the support of the entire office team, but she is always at the helm and available.‘
Vientos de Renaico
Parque Eólico Piedra Amarilla
Viña Cousiño Macul
Sociedad Minera El Águila
Empresa Eléctrica Pilmaiquén
Universidad Adolfo Ibáñez
Fundación Adolfo Ibáñez
Parque Eólico El Pinar
- Advised the Cousiño Real Estate Holding on the development of Parque Cousiño Macul, a large real estate housing project, comprising housing infrastructure, and commercial, recreational and educational facilities.
- Advised Vientos de Renaico on the financing, planning and execution of four wind energy parks in southern Chile.
- Advised Inmobiliaria Crillón-Cousiño Holding on the sale and development of commercial infrastructure in Santiago.
DLA Piper Chile consistently assists both national and international clients with a wide array of real estate matters, ranging from the development of real estate projects and the drafting of construction contracts, to urban planning and project financing for housing, hospitality and photovoltaic plants; the team also regularly collaborates with the firm’s energy, regulatory and taxation departments. The real estate and construction practice group co-heads are Rodrigo Álvarez, who has over 20 years’ experience in real estate matters; and counsel Teresa Fernández, who handles a broad spectrum of real estate matters. At senior associate level, Bernardita Doren also assists with real estate transactions, including residential, industrial and agricultural developments.
Rodrigo Álvarez; Teresa Fernández
‘Multidisciplinary areas are integrated into meetings for quicker and better solutions.‘
‘They have the advantage of being flexible when it comes to understanding the dynamics of clients’ business – they are always looking for solutions that are tailored to what clients need.‘
‘A lot of capacity and very good availability.‘
‘With respect to other firms, it stands out because it understands the real estate business very well.‘
‘They do not see us just as a client; they become involved with us as another partner, which leads to creative and efficient solutions for different issues.‘
‘Rodrigo Álvarez is flexible and resourceful, and his vast knowledge includes tax matters.‘
‘Teresa Fernandez is a standout counsel.’
World Courier Chile
Soluciones Culinarias del Sur
Aktivo Fondo de Inversión
Santafe Desarrollos Inmobiliarios
- Advised Carbonfree Technology on the development of several photovoltaic projects, which included assistance with the constitution of easements, obtaining access permits, and modifications to lease contracts.
- Advised Santafe Desarrollos Inmobiliarios on the purchase of properties for the development of a housing project.
- Advised World Courier Chile (as tenant) on a long-term lease agreement for a warehouse (among others).
The six-member multidisciplinary department at Garrigues Chile, which 'outperforms other firms with its exceptional care', has broad experience in high-profile office, residential, commercial and hotel projects; and clients benefit from full-cycle support during the development of their projects, from financing, tax structuring, regulatory analysis and compliance issues, to acquisitions, sales, construction matters, and leasing. With over 20 years' experience in real estate (including finance and development), team leader José Miguel Rioseco advises on the residential, office, shopping mall, ports, and tourism and hotels sectors; Luis Eduardo Correa ('great negotiation abilities') assists with real estate and corporate and M&A work; and senior associate María Cecilia Morandé's practice includes acquisitions of real estate projects and developments, and real estate regulatory matters.
José Miguel Rioseco
‘Excellent involvement and a lot of market knowledge – committed to clients.‘
‘They get involved in each issue personally and give valuable opinions (even on more commercial issues), constantly monitoring each situation.‘
‘Magnificent collaboration with clients, understanding their needs at all times, and with the ability to negotiate on their behalf with total reliability.‘
‘Great knowledge of the applicable legislation, and the solutions produced by Garrigues have allowed us to streamline operations and reduce costs.‘
‘Excellent team work; even with its offices abroad, the lawyers work in perfect co-ordination. Garrigues is involved in the issues from the beginning and makes all its resources available to the client so as to resolve the issue in question favourably – the team outperforms other firms with its exceptional care.‘
‘José Miguel Rioseco stands out – technically very good, as well as very commercial.‘
‘Luis Eduardo Correa has admirable emotional intelligence and facilitates negotiation processes; in addition, he is flexible and optimistic. Without a doubt, Luis Eduardo is the best attorney that I have found for such qualities.‘
‘Luis Eduardo Correa totally identifies with the client’s objectives and has great negotiation abilities, even with very difficult counterparts.‘
Inversiones Nyar II
Sura Investment Management
Credit Suisse Asset Management
San Antonio Terminal Internacional
Universidad de Concepción
Inversiones Inmobiliarias Los Conquistadores
- Advised Inmobiliaria JY on the acquisition of all the sellable units of a Class A office building in prime office district, Nueva Las Condes.
- Advised Patio Comercial on the $100m-plus acquisition of four outlet shopping centres from VivoCorp.
- Advised Inversiones Nyar II on the full sale of an office rent portfolio in Santiago to one of the largest local family offices, Texrent.
The four-strong real estate group at Grasty Quintana Majlis – in association with Clyde & Co assists with every stage of a real estate project, from real estate conveyances to construction agreements, real estate joint ownership regulations and finance agreements; it also advises on related real estate businesses, particularly the surveillance and management of properties, including lease drafting and project administration contracts. Leading the firm's real estate team, Hugo Prieto has vast experience in advising on the planning and operation of real estate businesses; and associate José Francisco Osman is a key member of the real estate, construction, mining, energy and corporate practices.
‘Appreciated for their availability and speed in delivering what is requested.‘
‘Great for their teamwork and availability to meet or talk about the issues we are dealing with.‘
Inversiones Punta Blanca
- Provides ongoing counsel to Inversiones Punta Blanca, which currently administrates over ten commercial centres.
- Provides ongoing counsel to Inersa (Ergas Family Group), in relation to the administration of its real estate assets.
- Provides ongoing advice to Froimovich, one of the largest players in the Chilean real estate market.
Honorato | Delaveau consistently advises real estate and construction companies, property investment funds, investment banks, family offices and private clients on real estate project developments, including residential, industrial, office and commercial projects; the team additionally assists with the establishment of development-related operating vehicles and financial structures, as well as with the real estate aspects of agricultural businesses, including fruit and wine producers. Team leader Juan Ignacio Peña has substantial experience in real estate, engineering and construction law, and project finance; and Sebastián Delpiano is an asset-backed structured finance expert. At associate-level, Antonia Vial is experienced in real estate transactions involving the development of shopping centres and Stripcentres, while Macarena Riquelme assists with real estate developments.
Juan Ignacio Peña
Patagonia Invest (Inmobiliaria Parque Los Alerces)
Socovesa Desarrollos Comerciales
Zurich Asset Management
Obras Especiales Chile
HMC Administradora General de Fondos
GLL Real Estate
Jara del Favero Abogados recently reverted to its former independent status, following the unwinding of its 2018 merger with Ried Fabres in early 2020. The 'first-class' projects-focused practice is experienced in planning, financing, title opinions, land purchases, and permits and administrative procedures, along with construction, sales contracts and leases; the group also advises on related M&A, IP and tax law aspects. Commercial and civil law, property and mining contracts expert Sven Herlin leads the firm's real estate and M&A departments, which include Julio Trucco (promoted to director in January 2021) and associate María Carolina Concha, who are both active in real estate projects.
‘Prompt attention and permanent availability.‘
‘The professional team that advises us is first class and we are very satisfied with them.‘
‘Great for the knowledge they have of their clients and each real estate operation they are involved in.‘
‘Ability to follow up at all stages of the process and to solve problems that arise throughout the real estate project – we have very smooth relations with this firm.‘
‘Sven Herlin and director Julio Trucco understand our needs as clients.‘
Inmobiliaria Valle Central
Inmobiliaria Jorge Matte
Inmobiliaria Casas de la Iglesia
Inmobiliaria Las Frutillas
Inmobiliaria Candelaria Goyenechea
Puerto + Arquitectura
ISP (Pedro de Valdivia Schools)
- Assisted Arauco Inmobiliaria (and its related companies) with the development of high-value real estate projects.
- Assisted Itahue Raíces with the development of real estate projects, as well as advising on the reorganisation of the company into a new structure.
- Advised Inmobiliaria Casas de la Iglesia on the development of a real estate project (Casa Pueblo).
Maira Vial Abogados
Real estate and corporate law boutique Maira Vial Abogados was launched in January 2021 by Esteban Maira and Rodrigo Vial, former name partners at Frias, Lagos, Maira & Vial Abogados. The 'excellent' six-strong practice covers due diligence processes; purchase and construction agreements; contracts with gas and sanitary companies; project finance; project-related permits, certifications and licences; and sales and leases of built units. Young co-founding partner Maira heads up the real estate department, and has 'extensive knowledge and contacts in the real estate space'; and associate Sebastián Morgan assists real estate companies on a day-to-day basis.
‘Stands out for its availability, willingness and speed when attending to our needs. Each job request, either by mail or in person is addressed immediately, and the work is carried out in a precise and timely manner, without having to remind them of their commitment.‘
‘This is an excellent work team – every job is dealt with rigorously, precisely and in a timely manner.‘
‘Very proactive and adjusts to the response times of our company with agility and on-time information.‘
‘We only deal with this firm because we are very satisfied with them – we also appreciate their fast billing and quick responses to our legal requests.‘
‘Esteban Maira has extensive knowledge and contacts in the real estate space, as well as experience in complex processes, both in terms of documentation and difficult negotiations.‘
‘Esteban Maira puts himself in clients’ shoes and is very pro-business; he understands the problems that might exist and delivers solutions.‘
‘Esteban Maira has served us excellently; he is very fast and agile in his responses, and has expertise in real estate issues.‘
‘Associate Sebastián Morgan has great availability and manages his work excellently.‘
Isiete Grupo Inmobiliario
Inmobiliaria Parque Trapiche
Inmobiliaria Parque Ciudadano
Inmobiliaria Mirador Ñielol
- Advised Isiete Grupo Inmobiliario on the acquisition of approximately 20 land plots.
- Advised Volcom Capital, a public fund, on the indirect purchases (through other companies) of large numbers of properties around the country.
- Assisted CrediTu with drafting loans and mortgages, as well as advising on the due diligence process for properties used as guarantees.
At ‘first-class law firm‘ Morales & Besa, the six-member transactional and regulatory team consistently works alongside the firm’s regulatory, banking and finance, tax, and energy practices on real estate and construction matters; and its work ranges from real estate credits, sales and lease purchase agreements to the issuance of debt guarantees and land title studies. The group is headed by experienced partner Macarena Laso, who has broad experience in public concessions, real estate and construction works, and infrastructure projects.
‘A first-class law firm that covers all practices, and offers a global and versatile service – among the best offices.‘
‘Great for versatility, and a superb team with many resources and a lot of experience in concessions projects.‘
Patagonia Ventures Chile
Sociedad Concesionaria Metropolitana de Salud
Sociedad Concesionaria Nuevo Pudahuel
Coordinador Eléctrico Nacional
- Advised VivoCorp on the sale of Outlet Maipú and Outlet La Florida to Grupo Patio.
- Advised Constructora Ingevec on the execution of several construction management agreements.
- Advised Patagonia Ventures Chile on the development of the Río Palena Lodge, a luxury fishing lodge in Patagonia, which involved the purchase of land, permitting matters and due diligence (among others).
Villarino e Ilharreborde
Boutique law firm Villarino e Ilharreborde was launched in January 2020 by former Prieto Abogados lawyers Cristóbal Villarino (who recently advised on office building financings and property acquisitions), and Juan Andres Ilharreborde (current legal adviser to a proptech company). The four-member department advises on large real estate projects, including assistance with tax planning, finance, corporate law, land use, and urban planning and road impact studies, along with environmental law, construction issues and sales; and in addition to transactions work, the team assists clients from the insurance, retail, health, funds, energy infrastructure and winery sectors with day-to-day advice. Further to the pandemic, the group has also developed a notable focus on storage centres. Senior associate Felipe Grez and associate Santiago Villarino provide additional support.
Cristóbal Villarino; Juan Andrés Ilharreborde
Fondo de Inversión Privado GSI
Empresa de Transmisión Eléctrica
Inmobiliaria Rentas Tissa
Compañía Minera Colón Tocopilla
- Advised Fondo de Inversión Privado GSI I on the sale of Inmobiliaria GSI I to Banchile Inversiones.
- Advised Inmobiliaria ILC on the refinancing of several offices and parking lots.
- Assisted Houm, a Chilean proptech company, with the restructuring of its business, in order to provide housing solutions to customers.