Real estate in Nicaragua

Arias

Arias is experienced in advising national and multinational clients on high-value real estate transactions, including cross-border matters. The team assists with a diverse spectrum of issues, such as leases, real estate litigation, due diligence, purchases and sales, taxes, condominiums, easements and construction contracts. The team is headed by Róger Pérez, who has notable experience in the tax structuring of real estate projects and in real estate litigation. Associate Uriel Balladares is also noted for his expertise in the horizontal property regime. The group advises clients across the mining, energy, financial services, agroindustrial, textiles, telecoms and retail sectors on real estate matters.

Practice head(s):

Roger Perez

Key clients

Melones de Nicaragua (Melonicsa)

Mitsui & Co

New Fortress Energy

Agroquímica Industrial Rimac

Urbanización Villa Reina

La India Gold

La India Inversiones

Farmacias Europeas

SBA Communications Corporation

Condor

Inmobiliaria La Union (Walmart subsidiary)

Work highlights

  • Assisting La India Inversiones with the purchase of a major area of land that will be used for the mining project La India.
  • Advising New Fortress Energy on the purchase of properties near the Puerto Sandino power sub-station to be used for an energy project.
  • Advised Agroquímica Industrial Rimac on the mortgage agreement over a property.

García & Bodán

The team at García & Bodán has 'unrivalled real estate experience', assisting local and international clients engaged in high-value transactions. The group’s full service extends to real estate litigation, advise on contracts, due diligence processes and tax planning, and assistance with incorporation and lease and rental agreements. The team is led by real estate authority Eduardo Cabrales and is backed by managing partner Federico Gurdián, who has experience in related corporate matters, senior associate Dania Navarrete and associates Francisco Acevedo and Marlon Gazo. The team’s client portfolio covers the telecoms, real estate, hospitality, tourism, free trade zones, tobacco and energy sectors, and includes multinational companies such as Tola Development Group, Payless ShoeSource and Millicom.

Practice head(s):

Eduardo Cabrales

Testimonials

‘They are one of the best teams in the region. They know the law well and always have suggestions that benefit the client.’

‘The company works for the benefit of the client and it is like working with someone inside our own company.’

‘They have unrivalled real estate experience on the Southern Pacific Coast of Nicaragua. They have looked at so many titles and completed so many deals that they are an asset to any buyer looking for representation. In my experience, it is very difficult to get two attorneys to speak to each other in order to move a transaction forward, but the team at Garcia & Bodan remain focused on the goal to complete a real estate transaction and are able to put ego and past issues to the side to achieve that goal.’

‘Eduardo Cabrales has an incredible bedside manner which makes buyers and sellers comfortable with a foreign real estate transaction and gives them confidence in his ability to bring that transaction to a close.’

Key clients

Valerio Desarrollos

Tola Development Group

Full Moon Development

La Costa Development

Payless ShoeSource

Malibu Popoyo

Atrium

Millicom

Coffee Adventures

Work highlights

  • Advised Ciri Honduras on the constitution of Ciri Nicaragua, the company through which the international franchise Miniso will operate, and on the lease contract with Galerías Santo Domingo Shopping Centre, where the first Miniso store in Nicaragua will be located.
  • Advised Tola Development Group on contracts relating to the sale and purchase of lots, cancellation of mortgages and procurement of secured construction loans for properties in the Rancho Santana resort and residential community.
  • Advised an individual on the purchase of a luxury property in San Juan del Sur.

BLP

The real estate and hospitality practice at BLP advises local and international developers, investors and financial institutions on a wide range of issues. Such matters include leasing contracts, project structuring, joint operations, project finance, condominiums, water availability analysis, construction contracts and due diligence procedures. The team is led by director Federico Barrios and supported by associate Felipe Castillo.

Consortium Legal

The team at Consortium Legal handles a diverse spectrum of real estate matters for clients at the local and international levels, including regulatory compliance, mergers and investments with real estate components, joint venture agreements for free trade zone operations, and the due diligence, purchase and lease of properties. The team is headed by Carlos Taboada, who is experienced in advising on real estate projects, including tax and corporate structuring aspects, and supported by senior associate Brenda Martinez, an expert in high-value real estate transactions. The group’s client roster features companies across the agro-industrial, free trade zone, retail, tourism, banking and construction sectors.

Practice head(s):

Carlos Taboada

Key clients

Bella Canvas

Del Monte

Gildan

UNO

San Jose

GF Industries

BC Logistics

BC Industries

Work highlights

  • Advised San Jose in the acquisition of 1,000 hectares for agroindustrial use.
  • Advised BC Logistics on a long-term lease of 7,200 sq m of free zone warehouse space to expand its local logistics capacities.
  • Advised GF Industries on an M&A transaction involving its free zone company assets in Carazo.

Alvarado y Asociados

The real estate group at Alvarado y Asociados offers a full service to its local and international clients, advising on a broad spectrum of issues. These include due diligence processes, registrations, tax matters, and real estate sales and purchases. Spearheaded by Gloria María de Alvarado and Luz Marina Espinoza, the team’s portfolio acts for clients in the food, building materials, nonprofit, investment, education, construction and mining sectors.

Practice head(s):

Gloria Maria de Alvarado; Luz Marina Espinoza

Key clients

Cemex de Nicaragua

Centro Cultural Batahola Norte

Grupo Bimbo

Hydrologica

CENTRAL LAW Nicaragua

The experienced team at Central Law Nicaragua advises local and international developers and investors on a broad spectrum of real estate matters. These include purchase and sale agreements, title transfers, tax planning, guarantee deeds, mortgages and property inspections. The group’s client portfolio covers the real estate, tourism, commerce and investment sectors. Yalí Molina and Soraya Montoya are the key contacts.

Dentons Muñoz

The real estate practice at Dentons Muñoz supports local and international clients in a wide range of matters, including financing structures, commercial leasing transactions, greenfield issues, portfolio analysis and infrastructure development. Headed by managing partner Edgard Torres and associate Mario Novoa, the team’s client roster spans the tourism, agriculture, real estate and microfinance sectors.

Practice head(s):

Edgard Torres; Mario Novoa