The real estate group at Aguilar Castillo Love advises multinational clients on high-value transactions. Its services include assisting with due diligence processes, swap agreements, and the investment, financing and disposal of real estate assets. The team’s client portfolio spans the hospitality, real estate, manufacturing and retail industries. Following the departure of Álvaro Quesada Loría to ECIJA in November 2020, senior partner John Aguilar Osborne and Álvaro Aguilar are the key contacts.
Real estate in Costa Rica
John Aguilar Quesada; Álvaro Aguilar
The real estate practice at Arias advises domestic and international clients on day-to-day matters and strategies for the expansion of their presence in the region. Spearheaded by real estate development authority Carlos Camacho and regulatory expert Vicente Lines, and supported by real estate consultant Edmond Macluf and senior counsel Vivian Gazel, the team represents a client roster that covers the food and beverages, logistics, tech, real estate, telecoms and pharmaceuticals sectors. The group advises on due diligence and title verifications, leases, purchases and sales, mortgages, construction contracts, tax issues and concession rights.
Carlos Camacho; Vicente Lines
‘Compared to other firms, they are more agile and have more personalised service.’
C and M Investment Group
Simple Clean Eatery
Yara Costa Rica
Inversiones Rokaer (The Mezerville Family)
- Assisted L3Harris with the winding down of its operations in Costa Rica, including the negotiation and termination of its lease with a large real estate business.
- Advised Delivery Hero on the due diligence of the real estate properties in Costa Rica belonging to Glovo, prior to its acquisition by the client.
- Advised Yara on topographical issues relating to two properties, which the client intends to donate to a local NGO.
The powerhouse real estate and hospitality group at BLP provides one-stop-shop solutions to national and international developers involved in large-scale transactions. The 'very experienced' team’s full service includes advising on the acquisition, development, financing, sale and leasing of real estate, contract negotiations and structuring, day-to-day operations, tax planning, free trade zone matters and due diligence. Led by founding partner Luis M Castro, and backed by construction and operation contracts expert Anneth Jiménez, and development specialists Andrea González and Juan Carlos Tristán, the group represents clients in the real estate, hospitality, manufacturing and electronics sectors. With the recent opening of a new office in Las Catalinas, in addition to its presence in Los Sueños, the firm is particularly well placed to handle real estate transactions in Costa Rica's coastal areas.
Luis M Castro
‘The partners are very experienced. They have specialists in every area of law in house.’
‘Rapid responses. Lots of experience. They think like business people, not lawyers.’
Garnier & Garnier
Guanacaste Development Corp
Apple Leisure Group
Los Sueños Resort & Marina
Inmobiliaria Piedras Blancas
- Advised WeWork on its entry in Costa Rica, covering corporate, real estate and free trade zone matters.
- Advised Garnier & Garnier on development of land agreements.
- Advised the joint venture between Enjoy Group and Garnier & Garnier on the purchase of the Punta Islita Marriott Autograph Collection Hotel.
Colbs Estudio Legal
The real estate department at Colbs Estudio Legal provides a 'personalised service' to construction companies, realtors, trustees and developers. The team assists with raising capital, processing permits and designing corporate structures to meet the needs of investors. Led by development authority Sebastián Jiménez, Javier Escalante, who is an expert in the hospitality sector, and associate Javier Sauma, who focuses on the structuring of real estate transactions, and backed by associate Margarita Sandí, the firm acts for a client roster that covers the real estate, construction, hospitality and funerals sectors.
Sebastián Jiménez; Javier Escalante; Javier Sauma
‘They offer a personalised service and meet objectives in a timely manner.’
‘Javier Escalante is very responsible and discreet. He has an open mind when seeking different solutions.’
Hermosa Oceanfront Development
Real de Punta Leona
Zona Franca América
Inversiones Inmobiliarias (ININ)
Parque Santo del Este
Roterdam City Mil Diecinueve
- Advised Zona Franca América on an agreement for a built-to-suit 9,000 sq m office building for Amazon.
- Performed remapping and due diligence for Lafarge Holcim on all of its real estate assets.
- Designed a sales strategy for Real de Punta Leona, which titled and sold second-home lots at below-market prices to repay lenders.
The real estate group at Consortium Legal advises advise national and multinational clients, with services extending to advice on due diligence processes, antitrust issues, real estate acquisitions and sales, leases, the constitution and modification of condominium regimes, obtaining concessions, and free trade zone regime matters. The ‘solid, serious and knowledgeable‘ team is led by international transaction authority Rolando Laclé Zúñiga, and expert real estate development strategists David Reuben and Juan Manuel Cordero, with key support provided by senior associates Daniel Rojas and Marcela Alfaro. The group acts for high-profile international clients including Walmart, Maersk and Cemex. Moreover, since publication the firm has opened a second office in the jurisdiction, in Guanacaste on the country's north-western Pacific coast; it will primarily service hospitality, tourism and real estate clients.
Rolando Laclé Zúñiga; David Reuben; Juan Manuel Cordero
‘The commitment they show to their clients makes them unique, as well as their excellent service, attention to detail and high level of technical expertise. I would like to highlight the team’s ability to quickly understand our requests and the accessibility of their lawyers.’
‘Their warmth and excellent service make clients feel welcome and very happy to work with them. Contacting Juan Manuel Cordero and David Reuben is always simple and pleasant, not only because of the level of complex, technical legal advice they can provide, but because of their excellent customer service.’
‘Consortium is a team of professionals who are solid, serious and knowledgeable, with more than proven experience, so working with all of them generates peace of mind and security that the company is in the best hands. Each of the specialists in various areas complements each other perfectly, to achieve the best results. The experience of having Consortium on our side is the best of all and that is why they are our firm.’
Walmart de México & Centro América
Ultrapark Development Group
- Advised Walmart de México & Centro América on day-to-day real estate matters.
- Advised Banco BAC on structuring the sale of its geo-tracking business and a joint venture agreement with the buyer.
- Advised HPC Costa Carmel on the sale of a piece of land in Guanacaste.
The real estate group at Dentons Muñoz advises national and multinational clients on a wide range of matters. These include project development, construction litigation, management agreements, real estate funds, due diligence processes, hotel acquisitions, environmental regulation compliance and leasing matters. Directed by managing partner Eduardo Zúñiga, and backed by associate Pamela Contreras, who frequently advises on project structuring, the team’s client roster covers the real estate, hospitality, food, agribusiness and construction sectors, and includes household names such as Starbucks and Hilton.
Apollo Commercial Real Estate Fund
The Rohatyng Group – GMO Renewables.
Luxury Destinations – Tulemar Sunset Villas.
- Advised Latam Logistics on the negotiation of a joint venture with the Rojas Cruz family group to acquire a 50% interest in a special purpose vehicle to develop a real estate logistics park in the south of San José.
- Advised Hacienda Pinilla on negotiations with Rythmia Health Clinic for the sale of an additional property to enhance the health clinic located within Hacienda Pinilla, and to restructure the existing debt and collateral from Rythmia to Hacienda Pinilla.
With 'extensive knowledge' of real estate, the Costa Rican practice of global firm ECIJA continues to assist a local and international client base, including advising on changing government regulations. The team is headed by Guillermo E. Zúñiga, who specialises in complex high-value real estate transactions, and supported by Alejandro Montealegre, an expert in the agricultural export and urban development sectors, and associate Ana Cristina Mora. The group advises on a diverse array of matters, not limited to environmental issues, the acquisitions of real estate assets, construction agreements, due diligence processes and the obtaining of finance facilities. The team's client roster extends across the agriculture, real estate, tourism and hospitality sectors. The arrival of Álvaro Quesada, who joined the firm from Aguilar Castillo Love in November 2020, further strengthened the team.
Guillermo E. Zúñiga
‘ECIJA is very professional and they have extensive knowledge on the subject of real estate.’
‘We receive a personalised service from ECIJA’s senior partners.’
‘They give immediate attention to important matters, with a high level of perseverance to bring matters to a successful conclusion.’
‘The team stands out for its availability (including outside of business hours when necessary), great attention to the client’s individual needs, professional support across a diverse range of matters, with a personal touch that creates a pleasant working relationship.’
Costa Rica Dream Makers
Blue Spirit Costa Rica
Recap Investments– Playa Lagarto Eco-Resort
Ladera del Mar
KMA Managment Group
Grupo Istmo De Papagayo
Playa De Las Palmitas
Arenas Del Mar Hotel
Centurion Projects and Development
Tierra Sonada De Santa Teresa Development
- Advised Riviera Del Mar Azul (RDM) on subdividing a large portion of land as part of a development named Mar Vista.
- Performed due diligence for Tap Holdings on certain real estate assets.
- Advised Arenas Del Mar Hotel on restructuring the current assets and liabilities of the company.
The team at EY Law Central America has 'extensive experience' in real estate and hospitality matters, combining with its corporate and M&A group to form a one-stop shop to meet the needs of local and international clients. The group’s full service includes advice on the implementation and development of long-term projects and large-scale developments, due diligence processes, tax planning and exit strategies. An experienced team is led by Alejandro Antillón, who has 'in-depth knowledge' of project development, and real estate financing expert Arturo Apéstegui. 'Highly responsive and available' senior manager Alvaro Leiva, and managers Andrea Sandoval, who is experienced in advising on real estate transactions, and condominium regulations specialist Monserrat Alvarado are also noted. The team represents a client portfolio that spans the energy, real estate and hospitality industries.
Alejandro Antillón; Arturo Apestegui
‘Extensive experience in all aspects of real estate operations. They understand the key points of negotiations and the structuring of transactions.’
‘Alejandro Antillón provides constant support when seeking out solutions and new options.’
‘Extensive knowledge of the business in general and the ability to provide solutions. EY has the best practice in this regard.’
‘Alejandro Antillón has in-depth knowledge of the real estate sector and a great ability to find solutions.’
‘Álvaro Leiva is highly responsive and available. He has great technical skills and knowledge.’
Hotelera Mirador del Valle
First Rock Capital
Desarrolladora Alto de Palomas Oeste
Paladin Realty Partners
Reserva Conchal (Florida Inmobiliaria)
- Assisting Lagomar Shipping with the development and construction of a free trade zone regime park.
- Advising Enjoy Hotel & Resorts on the expansion of the Mangrove Hotel at Peninsula Papagayo.
- Advising Desarrolladora Alto de Palomas Oeste and Prime on developing a high-end real estate project named Panorama 180.
The real estate team at Facio & Cañas provides a full service to its roster of multinational clients. It advises on such matters as real estate contracts, local and regional projects, free trade zones regimes, due diligence, and the structuring and negotiation of local and regional real estate transactions. The group’s client base covers such sectors as real estate, energy, manufacturing and hospitality. The key contacts are Carlos Oreamuno, former Minister of Foreign Affairs Manuel González Sanz and Francisco Rucavado.
Lang & Asociados
The real estate team at Lang & Asociados works in tandem with the firm’s corporate group to assist multinational clients in the Costa Rican market. The practice’s full service includes advice on the development of contractual processes to secure required facilities, free trade zone projects, leases, land and municipal taxes, estate planning and construction contracts. Headed by foreign investment authority Henry Lang, and bolstered by associates Milena Jaikel and Juan Carlos Cersosimo, who are experts in the free trade zone regime, the group’s client roster includes international clients such as Microsoft and Mastercard.
Bill Gosling Outsourcing
Nitinol Devices & Components/Confluent Medical Technologies
United Collection Bureau
Precision Coating Company
Sensient Technologies Corporation
Newfire Global Partners
Mitsubishi Materials Corporation
Synter Resource Group
The Warnath Group
Pacific Barcode Label Printing Solutions
- Advised Microsoft Corporation on the continuing expansion, consolidation, day-to-day issues, and operation of its centre for technical support in Costa Rica.
- Advising Smart Fit on its plan to enter the Costa Rican market, including assisting with the permitting for opening each site.
- Advised Bill Gosling Outsourcing on its expansion in the country, including leasing facilities.
The real estate department at Lexincorp assists local and international companies with a broad range of matters, including advising on land use, finance, joint ventures, restructuring and litigation, development, leasing, finance, title searches, and sales and acquisitions. Led by founding partner Arnoldo André, and backed by senior associate Eugenio Vargas, the team represents a client roster which spans such sectors as forestry, fintech, real estate, hospitality, tourism and construction.
‘ They have a big team with specialised members, which is reassuring for clients.’
‘Multilingual. Easy to reach. Fast responses. Eugenio Vargas is sympathetic to clients and simplifies explanations.’
Novelteak Costa Rica
Hotel Tamarindo Diria
Masterzon Costa Rica
GIP Grupo Inmobiliario del Parque
- Advised Novelteak Costa Rica in a real estate negotiation involving six different forest plantations.
- Advised Josh Stanley on the acquisition of seven properties for a hotel complex.
A 'first-class' team continues to drive Sfera Legal forward as a leader in the real estate practice area. Advising regional and multinational clients on high-value cross-border transactions, the group offers a wide range of services, ranging from implementing complex international tax structures and managing expropriation cases, to obtaining private financing and handling real estate disputes before arbitration tribunals and the courts. The team is spearheaded by founding partners Rafael Cañas and Robert van der Putten, and Jose Pablo Arce, an authority on shoreline concession zone. They are supported by development expert Ismene Arroyo and Fabiola Soler, who is experienced in real estate arbitrations, and associates Roberto Castillo, Raquel Moya and Alejandra Fernández, who regularly advise on foreign investment in the real estate sector. The group's clients include tourism, real estate, tech and medical device companies.
Rafael Cañas; Robert van der Putten; Jose Pablo Arce
‘Amazing response times and first-class client service – they always do what they say and in the agreed time frame. Their advice is informative and well rounded, and they are able to communicate well with clients.’
‘They put themselves out there, going above and beyond for their clients. Roberto Castillo is amazing and one of the hardest working individuals I have had the pleasure of working with. Alejandra Fernandez has exceptional follow-up skills.’
Bodhi Tree Yoga Resort
Hotel Club del Mar
Xandari Resort and Spa
Altos de Eros Hotel & Spa
Gilded Iguana Hotel
The Nomadic Hotel
Sirenis Hotel & Resorts
LatAm Logistic Properties
The Nosara Real Estate Agency
Coldwell Banker – Surfing Nosara Real Estate
- Assisted clients with individual real estate transactions in Guanacaste and Puntarenas.
- Advised Saxum on the negotiations with foreign investors and the landowner of a lot in a Costa Rican free trade zone with the objective of building a logistics centre.
- Advised Princess Hotels on the acquisition of concession rights in Papagayo for the development of an all-inclusive 456-room five-star hotel.