Firms To Watch: Real estate

Cuatrecasas ramped up its real estate offering with the addition of new senior associate and department head Camilo Cardona, who joined in April 2021 from Cardona Casis Lawyers. The group was additionally bolstered in December 2022, with the hire of corporate and M&A partner Felipe Mariño from Gómez-Pinzón Abogados (GPA), who is noted for real estate transactions.
Dret Legal’s real estate practice evidenced significant momentum over the past year with the addition of eight new clients to its roster, including Teleperformance and Parque Arauco. Juan Miguel Luna — who was a senior associate at Philippi Prietocarrizosa Ferrero DU & Uría before he joined the firm in April 2021 — leads the team.

Real estate in Colombia

Pinilla González & Prieto Abogados

Standing as a benchmark for real estate law in Colombia, Pinilla González & Prieto Abogados’ group impresses with its ‘first-class lawyers’ and ‘remarkable level of experience’, according to sources. The comprehensive practice spans the full spectrum of industry issues, from regulatory matters through to real estate financing and project development. Fielding one of the deepest real estate benches in the market, the group includes go-to specialist Juan Manuel González, who is widely recognised as a dean of the real estate bar. González teamed up with urban law head Ángela Caicedo, transactional real estate expert Felipe Pinilla, and corporate law partner Julián Rojas to advise Cemex Colombia on the development of almost 400 hectares of land in Bogotá. Other key names include urban planning specialist Sandra Milena Lizcano — who co-heads the department together with González and Caicedo — and Camilo Hermida, who ‘provides impeccable service’. The experienced Susana Mowerman Ocampo is noted at associate. Laura Carolina Mesa Fonseca was promoted to managing associate in October 2023. Luis Miguel González left the firm in September 2023.

Practice head(s):

Juan Manuel González; Ángela Caicedo; Sandra Milena Lizcano


Strengths and differentiators: remarkable level of experience, warmth in customer service, prompt responses, responsibility, taking any query seriously. Excellent people, pleasant, highly professional. Billing is extremely transparent and shows great clarity in identifying the billable hours.

I have had the pleasure of knowing up close the professional work and experience of Juan Manuel González, Julián Rojas and Ángela Caicedo. We know there are more professionals behind us who contribute significantly to our requirements; what makes them stand out is that they work as a team.

PGP runs different practices and we have used the advice of several of them. It is very valuable to see the communication between the different areas and how they complement the work to provide a comprehensive service. It fields first-class lawyers, with excellent human qualities, who comply with delivery times.

The team with which we have worked is characterised by its expertise in each of its areas. Lawyers are well versed in their specialty, and outstanding among their peers.

I have had the opportunity to work on several transactions with Camilo Hermida and he provides impeccable service. His attention to detail is invaluable, and we trust the knowledge he brings to the table.

Key clients


Cemex Colombia

Calidad Inmobiliaria – Guatemala

Inversiones Inmobiliarias Santa Cruz

Desarrollos Serena Del Mar, sucursal Colombia

Colgas – Ecológicas Grupo Empresarial

Cemex Colombia

Constructora Colpatria

Fideicomiso Lagos de Torca

Bienes y Negocios Cía

Constructora Urbansa


Work highlights

  • Advised Cemex Colombia on the development of almost 400 hectares in Bogotá, which will allow the construction of more than 40,000 housing solutions.
  • Advised Calidad Inmobiliaria (Guatemala) on the implementation of the partial plans in the legislation of Guatemala City.
  • Advised Amarilo on obtaining approval of a territorial financing instrument, resulting in an increase in buildability in an area that permits the development of land for residential and commercial use.

Gómez-Pinzón Abogados (GPA)

Highly knowledgeable on real estate law issues’, Gómez-Pinzón Abogados (GPA) combines activity in urban and planning law, as well as construction projects, transactional real estate matters, and litigation. Paula Samper Salazar solely leads the practice, following the departure of former group head Felipe Mariño; she brings to bear significant experience in representing real estate investment funds, developers, construction companies and retail chains, among others, in real estate transactions. The team also include María Camila Parra, who was promoted to director in January 2023, and is noted for her 18-year record in advising on urban and planning law.

Practice head(s):

Paula Samper


The people are extremely willing to collaborate. The entire logistics system is appropriate. It is a diverse team that is mostly made up of women.

María Camila Parra and her team are extremely willing to help. They manage everything and are ready to answer questions, get us involved in the processes and go the extra mile as often as necessary.

The team is highly knowledgeable on real estate law issues, its response times are quick, we feel comfortable with its expert opinion and we consider it an ally in our transactions.

We value lawyers for their great disposition, expert knowledge and speed of responses.

Key clients

Metro de Bogotá

Constructora AIA

Bienes & Bienes

Ménsula Constructora

Industria Nacional de Gaseosas (Coca-Cola)

Holcim Colombia (Lafarge Holcim)


Fondo de Capital Privado Inmobiliario Grupo Pegasus Colombia

Colinsa Real Estate

Colegios Colombianos

Black Horse Developments

Mobiliare Latam

Pricesmart Colombia

Almacenes Generales De Deposito Almaviva

Mercadolibre Colombia

Procter & Gamble Colombia


Work highlights

  • Advised Metro de Bogotá on all urban and planning regulatory issues related to the structuring and development of the first two metro lines of the city, which are currently under construction.
  • Advised Bienconcreto, Banco de Occidente, Banco de Bogotá, and others, on the restructuring and reactivation of a mixed-use real estate project located in Cartagena.
  • Advised Constructora B&B on the development of a several projects, including a health facility in the municipality of Medellín.

Philippi Prietocarrizosa Ferrero DU & Uría

Lawyers at Philippi Prietocarrizosa Ferrero DU & Uría are ‘fast and precise in their responses and analysis’, according to sources. The full-service practice advises on a wide scope of planning and real estate law, from zoning and environmental law issues through to land disposals and acquisitions, and lease agreements. High-profile department head Juan Carlos Rocha is recommended for his ‘innovation and legal creativity’; he is advising Carvajal Propiedades e Inversiones on several transactional and zoning matters regarding real properties located in Bogotá, Yumbo and Cali. Senior associate Jaime Andrés Ramírez D, who is an ‘excellent strategist’, provides support. Senior associate Diana Lozano left the firm in March 2023.

Practice head(s):

Juan Carlos Rocha


The team stands out for its in-depth knowledge of the applicable regulations and developments in jurisprudence, with permanent alerts and updates to clients on the matters that clients are most interested in. The team is well formed and shows a permanent willingness to deal with customer issues.

Juan Carlos Rocha is an excellent lawyer who knows his clients’ business, which allows him to advise with innovation and legal creativity. Associate Jaime Ramírez is an excellent strategist and knowledgeable about real estate and urban planning issues.’

The team is led by Juan Carlos Rocha, who is highly respected in the market and possesses extensive knowledge and experience. He is permanently involved in the matters that we entrust to him and is always next to his team during all the consultancies.

The team provides excellent and efficient legal advice, which is tailored to the interests of the client.

A large office that is characterised by its ability to provide — across multiple sectors — all possible legal solutions necessary to clients. In our opinion, Juan Carlos Rocha stands out in the market because, despite his high role in PPU, he continues to serve his clients directly.

The assigned professionals are competent, expert, fast and precise in their responses and analysis, with a high level of knowledge in their subject.

Lawyers stand out for their unique background, their assertiveness in analysis, total dedication to the client and their ability to achieve results, particularly Juan Carlos Rocha.

Key clients

Carvajal Propiedades e Inversiones

Fondo de Capital Privado Fondo Inmobiliario Colombia (FIC)

Gramalote Colombia

Anglogold Ashanti / Minera de Cobre Quebradona

Grupo Energía Bogotá

Ripley Internacional

Fondo de Inversión Colectiva Inmobiliaria Sirenta

Bavaria & CIA

Uriel Renovables

Alvarez Velez

Work highlights

  • Advised Bavaria on the acquisition of nine real estate properties where it is developing a new brewery factory in Colombia; the team also advised on the zoning and planning permits required for developing the factory.
  • Advised Carvajal Propiedades e Inversiones on transactional, real estate and zoning matters concerning the development of many real estate projects around several municipalities in Colombia.
  • Advised Fondo de Capital Privado Fondo Inmobiliario Colombia (FIC) on agreements for developing offices and retail buildings in Medellín.

Posse Herrera Ruiz

Posse Herrera Ruizdemonstrates infinite patience and seeks the best way to reconcile difficulties’, according to sources. Routinely working alongside other teams from across the firm, including corporate, environmental law and energy, the real estate practice’s broad focus encompasses traditional real estate, agroindustry and forestry law, as well as energy and infrastructure projects. Department head Andrés Montoya advises domestic and multinational clients on a mix of transactional, project development, and contentious work; he recently advised Phoenix Tower International on the acquisition of 628 rooftop sites from Colombia Telecomunicaciones. Other key contacts include Alejandro Turbay, who leads the urban planning and zoning regulation team, and talented associate Héctor Otálora.

Practice head(s):

Andrés Montoya; Alejandro Turbay


The Posse Herrera team is characterised by being a very professional group in its activities. Communication is very effective and it is always willing to collaborate with all the processes and requirements requested by our company.

The team is very charismatic and collaborative. In personal terms, it is important to have excellent professionals but above all to have people who understand the needs of the company. Lawyers’ professionalism in managing information and developing their ideas stands out.

What characterises this group is its extensive knowledge, not only in the legislation that regulates the subject, but also in its extensive experience with the management of real estate regulations with the different public entities and their contacts in the sector.

It is a tight-knit team that works very well together and which is also not afraid to work with others. It strives to be conciliatory and brings more than legal alternatives to the table. It demonstrates infinite patience and seeks the best way to reconcile difficulties.

I believe that the real estate law team handles our matters excellently; not only as individuals but also as professionals. All the members of the team have proven to be people who are conciliatory, professional and open to providing a comprehensive service.

PHR lawyers show great interest in resolving the issues that are the subject of advice, ensuring the best result for the client in the short and long term, working hand-in-hand with the client, making the relationship with external advisors closer, thus achieving comprehensive advice.

I highlight the team’s flexibility in adapting to the client’s needs, including work schemes (through secondment), fee proposal structures and the accessibility of the team. Lawyers maintain a good balance of rigour and pragmatism.

We recommend Andrés Montoya for his business sensitivity, flexibility in customising proposals and work schemes.

Key clients


Visum Real Estate Fund

Coca Cola Femsa

Phoenix Tower International

Clínica del Country



Productos Ramo



Work highlights

  • Advised Phoenix Tower International on the acquisition of 628 rooftop sites from Colombia Telecomunicaciones.
  • Provided ongoing real estate advice to Terranum.
  • Provided ongoing advice to Unicentro on regulatory real estate and zoning matters for structuring the scheme of expansion of the mall.

Ramirez & Cardona Abogados

Real estate boutique Ramirez & Cardona Abogados is valued by sources for its ‘practical solutions and balanced opinions’. The firm’s dedicated industry focus pays dividends, with domestic and multinational clients turning to the team for support on the full range of urban planning, project development, and transactional issues. The group also provides complementary advice on environmental law and tax matters. Managing partner José Ramón Ramírez is highly regarded for his ‘knowledge and skills in negotiation together with his practicality’. The group additionally benefits from the support of urban law director Angie Yulieth Monsalve, who is also a qualified architect, as well as corporate director Diana Rodríguez.

Practice head(s):

José Ramón Ramírez


Ramirez & Cardona fields an interdisciplinary team of lawyers. Regarding real estate Law, it has professionals specialised in different areas of the industry. It also provides facilities that allow you to consult, resolve concerns, and have contact with the lawyers that are part of the team.

The firm boasts lawyers with outstanding experience in real estate issues. It has outstanding knowledge compared to the competition. We highlight José Ramón Ramirez for his knowledge and skills in negotiation together with his practicality.

The team’s knowledge, in addition to its extensive experience, allows us to find effective solutions to situations in which we require its services.

The Ramirez & Cardona team differs from its peers because each and every one of its members is not only an expert in their area of law, but also possesses great skills in handling clients and their requirements.

The team compares favourably with teams from other firms since it is pragmatic and provides responses in shorter times than other firms. Lawyers are responsive, they know the client’s way of working and they know the client’s business.

We recommend the team for its practical solutions and balanced opinions. In particular, we value José Ramón Ramírez for his extensive experience and practical solutions.

The main advantages of Ramirez & Cardona are its direct and personalised service, as well as its high flexibility, and its ability to simplify problems and achieve results.

The plus is the comprehensive vision of all the lawyers on the team. They understand the real estate business in all its aspects, including cross-cutting issues that affect any transaction such as the reality of the market, financial viability, and the country’s political and macroeconomic risks.

Key clients


Grupo Accanto


Inversiones inmobiliarias Bambú



Banco de Bogotá





Copasa Zulegal


Fideicomiso Fai Teusaquillo


Fondo Plentzia


Lenus Capital Partners



Colegio Santa Luisa

Inmoval Credicorp Capital

Scheffer Colombia / Scheffer Brasil

DLA Piper Martínez Beltrán

Grupo Kaia

Inmobiliaria Automotriz

TC Latin American Partners

Nexus Capital Partners

Latam Logistic Properties / Jaguar Growth Partners

Smurfit Kappa Colombia


San Francisco Investments


Impacto Capital

Inversiones Inmobiliarias Bambú

Summa Propiedades

Once Constructora

Hoteles Decamerón Colombia

Arcos Dorados Colombia (McDonald’s)



American Pipe

Boston Andes Capital

Work highlights

  • Advised Carboquímica on the structuring of the sale of an asset located in Bogotá.
  • Advised the private equity fund, Nexus Inmobiliario, on the negotiation and preparation of several investment framework agreements through which the fund will make equity investments for the development of four real estate projects.
  • Advised Aktivos Inmobiliarios and Fideicomiso Pak Matriz Aktivos Inmobiliarios, on the sale of the trust rights of Fideicomiso Pa-Fp Activos 3 to Patrimonio Autónomo Estrategias Inmobiliarias.

Baker McKenzie S.A.S.

Noted for its ‘excellent communication and availability’, the team at Baker McKenzie S.A.S. brings to bear a strong record in real estate transactions. With experience across the full industry life cycle, from permitting issues through to project structuring and corporate matters, the team is particularly noted for its ability to leverage its international platform in cross-border work. Energy and project finance specialist Alejandro Mesa steers the department with strong support from Lucía Murgueytio who was promoted to senior associated in July 2023 and specialises in urban and real estate transactions.

Practice head(s):

Alejandro Mesa


We recommend the team for its industry knowledge and the versatility of its associates. The team also stands out for its advanced level of English, and the responsible empowerment of its junior lawyers.

The team is adequately adjusted to the specific requirements of the client. It is willing to receive feedback and execute the requested changes. Excellent communication and availability on the part of the team members.

We highlight lawyers for their very good communication and excellent disposition.

Key clients

Everise Holdings


Fondo de Capital Privado Inmobiliario Salud Compartimento 1

Weber-Stephen Products

Sura Asset Management

Yellowstone Capital Partners

Four Seasons Hotels and Resorts

Phoenix Tower International

Engie Colombia




Ransa Colombia

Cherokee Nation Businesses

Public Pension Investment Board

Hoteles Decameron Colombia

Work highlights

  • Ongoing advice to Sura Asset Management on its real estate transactions.
  • Advised Everise Holdings on its arrival to Colombia, including negotiating the terms of the lease agreement for its new offices in Bogotá.
  • Advising Yellowstone Capital Partners on various matters, including on its investment in the Lagos de Torca residential project in Bogotá.

Brigard Urrutia

Brigard Urrutia’s real estate, urban regulation, hotel, and agribusiness practice acts for a diverse client base, which includes developers, investment funds, concessionaires and property owners. Primarily recognised for its transactional work, particularly real estate finance, the team is also equipped to handle regulatory and planning matters. Group head Francisco Uribe’s comprehensive industry experience spans tourism and hotels, urban operations and agribusiness, among other segments. The team also includes director of the urban law department Wilben Palacios, and Juanita Bermúdez, who was promoted to director of the transactional real estate unit in September 2022.

Practice head(s):

Francisco Uribe; Wilben Palacios; Juanita Bermúdez

Key clients


Hyatt Hotels


Hennes and Mauritz (H&M) Colombia

Anheuser-Busch InBev

Metro Línea 1

Financiera de Desarollo Nacional (FDN)

Terranum Desarrollo


Smart Fit

Fanalca (Fabrica Nacional de Autopartes)

Scotiabank Fiduciaria Colpatria

Puerta de Oro

Two Way Stadium

Work highlights

  • Advised Anheuser-Busch InBev on the legal structuring of the Corona Island eco-tourism project located in the Caribbean.
  • Advised Hennes and Mauritz (H&M) on the drafting, negotiation, and execution of the lease agreements of various properties around the country as part of its expansion plan in Colombia and Latin America.
  • Advised Financiera de Desarollo Nacional on its role as financing entity of the transportation infrastructure project, Bogotá Metro Line 2.

CMS Rodríguez-Azuero

Reliable, easy to work with and knowledgeable’, CMS Rodríguez-Azuero’s practice is well weighted between real estate transactions, development projects and regulatory matters. Over the past year, it has been particularly active on behalf of real estate developer Promotora ACR, which it is advising on several projects including the Makani Luxury Beach Club development. Corporate and M&A specialist Juan Camilo Rodríguez jointly leads the department alongside Jacques Simhon, who also co-heads the compliance and dispute resolution practices. Senior associate Laura Ospina provides dedicated practice support. Experienced former counsel Carolina Lozano left the firm in March 2023.

Practice head(s):

Juan Camilo Rodríguez; Jacques Simhon


The team is reliable, easy to work with and knowledgeable.

Jacques Simhon and senior associate Laura Ospina are reliable and work very effectively as a team. Their depth in Colombia laws is strong and they are easy to work with.

Key clients

Promotora ACR

Fiduciaria Bancolombia

Universidad del Rosario


Krono Time

Operación Malva

Acero Cure Martinez

DM Diseño Construcción

Jamestown Latin America

AZ Inmobiliaria S en CS

Boticario Colombia

Smart Fit


Planet Holding

Work highlights

  • Advised Promotora ACR on the Makani Luxury Beach Club real estate project, near the city of Cartagena.
  • Advised Colegio Mayor de Nuestra Señora del Rosario on the structuring of a fiduciary scheme to acquire a property declared to be a property of cultural interest, located in the centre of Bogotá.
  • Provided Fiduciaria Bancolombia with a comprehensive analysis of its legal and operational risks in terms of its operation as a trustee in REITs.

UH Abogados

UH Abogados is commended for its ‘extensive knowledge of real estate law’. The Medellín-based group is particularly recognised for its strong relationships with some of the city’s key real estate companies, with recent activity in the investment, development and management of real estate assets. The practice is also well versed in regulatory matters, while clients additionally appreciate its focus on ‘expanding its knowledge at the tax level’. Real estate specialists Carolina Uribe and Carlos Fernando Henao are the key contacts, while associate Maria Adelaida Zapata provides support on real estate transactions.

Practice head(s):

Carlos Fernando Henao; Carolina Uribe


The team has extensive knowledge of real estate law. Additionally, it is very good at maintaining business relationships with clients and counterparties. Lately the group has been expanding its knowledge at the tax level, which complements the business quite well.

We value lawyers for their excellent client relations. We highlight outstanding lawyers Carlos Fernando Henao and Maria Adelaida Zapata.

Key clients

Londoño Gómez and Arquitectura & Concreto

Grupo Cartama

Almacenes Flamingo

Umbral Propiedad Raíz

Condiseño Arquitectos

Latin American Leadership Academy

Distribuidora Avícola

Grupo IMSA

Parroquia San Bartolomé

Concretos y Asfaltos

Work highlights

  • Advised Londoño Gómez and Arquitectura & Concreto on the structuring of a macro-project development intended for housing, commerce, and services in the municipality of Bello, Antioquia.
  • Advised the different companies of Grupo Cartama on their expansion plan, including advising on the purchase of approximately 6000 hectares of land.
  • Advised Almacenes Flamingo on negotiating and drafting lease agreements for its stores located in, and nearby, Medellín.

Brick Abogados

Brick Abogados is recommended for its advice on the acquisition and development of real estate projects, both in Colombia and across Latin America. The team acts for a varied mix of investors, developers and construction companies, with notable recent activity in transactions involving insolvent companies. Sector specialist Ana Lucía Rodríguez spearheads the department and represents domestic and multinational clients on real estate transactions and regulatory matters. Junior partner Santiago Arias is also noted for real estate transactional work.

Practice head(s):

Ana Lucía Rodríguez


We highlight the team for its knowledge, support, warmth and opportunity. Lawyers demonstrate warm client service and knowledge of the client.

Key clients

Fondo de Capital Privado INMOVAL (Credicorp)


Fondo de Capital Privado Oxo Propiedades Sostenibles

Abacus Real Estate

Arcos Dorados Colombia (McDonalds)




Operadora San Agustín

Promotora Grupo Treinta

Cimento Inmuebles Comerciales

Neu Construcción & Desarrollo

Work highlights

  • Advised Summum Projects (and its management team), as borrowers, in the structuring, negotiation and closing of a structured loan transaction with Banco Itaú.
  • Advised Avenida Capital de Colombia (Ashmore Avenida), and the settlors of Fideicomiso Oficina WeWork Atlantica, on a loan granted by BTG Pactual Colombia which included the amendment of a lease agreement.
  • Advised MAS Equity Fund III and MEFIII Latam Investments, as creditors, on a loan granted to Empresa de Soluciones de Servicios e Innovación ESSI.

CMM Abogados Colombia

CMM Abogados Colombia’s group ‘takes ownership of the closing goal’, according to some. The newly merged firm — which is the result of an August 2022 combination between real estate and urban law boutique Acosta & Gaviria Legal and the former Cáez Muñoz Mejía — has extensive experience in real estate and urban planning matters, with notable activity in the hotels, retail, healthcare, co-working and logistics segments. The department is co-led by up-and-coming specialists Natalia Gaviria Parra and Patricia Acosta, with support from ‘committed and results-oriented’ associate Ana Lucía Gutiérrez.

Practice head(s):

Patricia Acosta; Natalia Gaviria Parra


I believe that CMM lawyers are committed. What really makes the team different is its complete knowledge of the transactions. It also really takes ownership of the closing goal and risk mitigation for clients.

In my view, Patricia Acosta and Natalia Gaviria Parra are the best real estate lawyers in the country. What makes them different is that they know all the transactions in detail and take ownership of the transactions and goals.

A team that demonstrates a strong customer orientation and business perspective, so that the transactions we carry out happen. Undoubtedly, its main strength is its people; with the positive point of empowering young and talented lawyers.

‘Natalia Gaviria Parra is committed and brings absolute availability, fast response times and high quality. She has a high level of knowledge of real estate issues.

Patricia Acosta has strong knowledge in real estate and urban planning issues, she is creative with the ability to provide practical solutions to bring the positions of the client and the counterparty closer.

Despite her youth, associate Ana Lucia Gutierrez is a committed and results-oriented lawyer, she provides solutions and is patient to make her points understood, as well as provide commercial support to the client.

We highlight CMM’s personalised attention. It is an excellent team!

We value that the lawyers are like family (we feel as if they are internal to our organisation and not external advisers), in addition to their knowledge and professionalism.

Key clients

Life Forestry Switzerland

Kubik Lab

Fondo de Inversión Colectiva Visum Rentas Inmobiliarias

TC Latin America Partners (Formerly Terranum Capital)

Southern Bridge Capital Partners

Fondo de Capital Privado Armilla Capital

Sika Colombia

Sodimac Colombia


Sociedad Fondo Inmobiliario

Pupa Holdings

Work highlights

  • Advised TC Latin America Partners on the financing, purchase and lease of a clinic in Colombia, involving an investment of approximately $50m..
  • Advised Kubik Lab on an $11m multifamily real estate project in Colombia.
  • Advised Life Forestry Switzerland on the purchase of approximately 600 hectares of rural land for the cultivation, exploitation, and export of teak.

Dentons Cardenas & Cardenas

Dentons Cardenas & Cardenas’ real estate team finds favour for its ‘deep knowledge of national and municipal regulations’. Acting for a range of industry participants — including domestic and international investors, developers, occupants and lenders — the group is particularly well versed in transactional work, but is also equipped to handle regulatory matters. Corporate head Eduardo Cárdenas oversees a practice that also draws on tax partner Camilo Cortés and María Paula Álvarez, who was promoted to real estate practice director in April 2022.

Practice head(s):

Eduardo Cárdenas


The firm has deep knowledge of national and municipal regulations, which allows it to give complete advice. It complements its regulatory advice with commercial awareness. It also conducts in-depth analysis of titles and tradition.

Associate María Paula Álvarez led our entire process, with great knowledge and orientation to facilitate business.

Dentons’ service is always of a high quality, with specialised lawyers, with extensive experience and solid ethical values.

All lawyers have a comprehensive vision. They understand the business (in our case, real estate) in all its aspects, including cross-cutting issues that affect any transaction, such as the reality of the market, financial viability, and the country’s political and macroeconomic risks.

Key clients

Constructora Normandía

Hoteles Decameron – Valorem Group Colombia

Constructora NIO

Curaduría Urbana 2 de Funza

Fondo de Inversión Inmobiliaria de Davivienda Corredores

Inversiones Acasa

Cárdenas Villa & Cia S en C

Patrimonio Autónomo FC – Hotel W

Black Orchid Real Estate

Work highlights

  • Advised Fondo de Inversión Colectiva Inmobiliaria de Renta Davivienda Corredores on the acquisition of two warehouses in Mamonal, and on the subsequent lease agreement for the properties.
  • Advised Fondo de Inversión Colectiva Inmobiliaria de Renta Davivienda Corredores on the acquisition of two warehouses in Yumbo.
  • Advised proptech, Inversions Acasa, on day-to-day operations and transactions


Garrigues’ real estate team is characterised by its ‘strong professionalism, commitment and seriousness’, according to sources. The group strikes a balance between planning and transactional work, with extensive experience in land acquisition and management - particularly in the infrastructure sphere. Principal associate Melissa Castro heads the department and maintains a broad practice spanning administrative law, dispute resolution, and real estate. Senior associate Carolina Pérez Forero stands out for her ‘commitment and quality’.

Practice head(s):

Melissa Castro


The Garrigues team is characterised by its strong professionalism, commitment and seriousness. I can say without a doubt that it is the best legal attention we have received in Bogotá.

The commitment and quality of the legal work of Carolina Pérez Forero is noteworthy.

Garrigues stands out for its great human quality, receptiveness to observations, capacity for continuous improvement, and ability to listen and meet the needs of customers.

We recommend lawyers for their warmth, professionalism, clarity, and adaptability.

Key clients

Skandia Fiduciaria



Andean Tower Partners

Winner Group




CCLA Group


Hermanas Reparadoras


Higher Education

Universal Stream


Parques y Funerarias




Agroindustrias Villa Claudia

Agroindustria Palmar del Río

Agroforestal Porvenir


Fundación Comultrasan

Work highlights

  • Advising Caja de Compensación Familiar (Cafam) on the structuring and implementation of a partial development plan for several activities with favourable urban building conditions that will allow it to develop new projects.
  • Advising Cooserpark on urban planning and construction permitting matters connected to its request to build an eco-friendly forest cemetery.
  • Advising Emasivo on a property title and urban regulation review of three properties.

Lloreda Camacho & Co.

Lloreda Camacho & Co.’s multidisciplinary real estate group has experience in the full life cycle of industry matters, from title review and permitting issues, through to project development and transactional work. Department co-head Santiago Gutiérrez has a strong transactional dimension to his practice; notably, he also directs the corporate, capital markets, and banking teams. Fellow co-head Carlos Carvajal, who additionally leads the government-contracting and infrastructure practices, brings to bear significant projects experience. Associates Natalia Soto (environmental law) and Santiago Garzón (public law) are also noted.

Practice head(s):

Santiago Gutiérrez; Carlos Carvajal


We recommend the team for its creativity and deep understanding of client needs.

Andrés Hidalgo, in particular, manages to generate very personalised and close attention, understanding our needs very well and achieving great results.

Key clients


Flores Ipanema

Chaim Peisach Y Cia Hilanderia Fontibon


Terrenos la Herradura

Ana Cendales

Practica Alimenticia

Enel Colombia

Esferas Portafolio

Work highlights

  • Advised Comcel on the negotiation, performance and construction of a housing development located in Bogotá.
  • Advised Flores Ipanema on the acquisition of lands for flower cultivation, to support the expansion of its business in Colombia.
  • Advised Chaim Peisach y Cia Hilanderia Fontibon on structuring the transference of some real estate in the west of Bogotá City for a residential construction project.

Serrano Martínez CMA

Following the October 2023 tie-up between Bogotá based Serrano Martínez and Medellin-based Correa Merino Agudelo Abogados, the ‘young and dynamic team’ at Serrano Martínez CMA has the opportunity to grow its footprint into that of a national, rather than regional practice. The group has solid experience advising developers, construction companies, investors and retail chains, among others, on real estate deals and development projects. The practice -regarded as both ‘expert’ and ‘interdisciplinary’- is led by Juan Esteban Agudelo, who is highlighted for his ‘great mastery of urban planning’; he combines strength in real estate transactions, urban development law, and dispute resolution. Key associates include seniors Catalina Posada and María Camila Maya, as well as intermediate Alejandro Molina.

Practice head(s):

Juan Esteban Agudelo


‘Correa Merino Agudelo Abogados [now Serrano Martínez CMA] has been our law firm for real estate and urban matters since we started operations in Colombia. The practice is unique because of its deep expertise in subjects that are not easy to find in the market.’

‘Juan Esteban Agudelo has a great mastery of urban planning and his team has a high capacity to deal with very complex issues.’

‘Juan Esteban Agudelo is a great expert in the practice area. He is very practical and strategically plans each real estate movement of the company. We also highlight the work of associate Alejandro Molina; he is highly knowledgeable in real estate and cadastral matters.’

Key clients

Hasta Capital

Almacenes Éxito


Conexo Inmobiliario


GLF Colombia

Laboratorio Inmobiliario

Acierto Inmobiliario

Gutierrez Group

Inversiones Baracoa

Inversiones, Proyectos y Desarrollos Inmobiliarios (IDPI)


CI Unibán

Alberto Alvarez

Happiness Group

Divina Providencia (Andrés Carne de Res, Mimo’s, Kokoriko)

Work highlights

  • Advised HASTA Capital on a multifamily project of approximately 310 housing units, with a commercial component in a tower of 32 stories
  • Advised Almacenes Éxito on the expansion of the Centro Comercial Puerta del Norte, a shopping mall located in Medellín.
  • Advised Caja de Compensación Familiar de Antioquia (COMFAMA) on urban planning and real estate market revisions concerning the real estate property allocated for the development of the Cosmo Schools and the Cesde Comfama.