Real estate in Nicaragua
The immensely experienced real estate team at Arias is headed by Roger Pérez, who 'understands the complexities of purchasing land and provides sound advice'. Along with key associate Uriel Balladares, the department head assisted Gran Pacífica Resort with the development of a property on the west coast of Nicaragua and its regulation under the condominium regime. In another current work highlight, the team is advising Farmacias Europeas on the review of all lease agreements for the client's drug stores throughout the country. The department is also leading in the niche sector of horizontal property regime matters, where it is currently representing Talanguera Townhomes in relation to the first merger of two properties under the condominium regime. Gustavo-Adolfo Vargas is also a key member of the team.
García & Bodán
García & Bodán regularly represents major developers and homeowner associations in real estate matters and has a strong record in due diligence processes. Lionheart Capital and Full Moon Development are on the practice's client list, as are Payless ShoeSource and surf resort Malibu Popoyo. The managing partner of the firm's offices in San Juan del Sur and Tola, Eduardo Cabrales, continues to advise Tola Development Group on the development of 2,700-acre resort and residential community Rancho Santana. The practice was also involved in Millicom's acquisition of the local operations of Telefónica, carrying out a high-level real estate due diligence. Senior associate Dania Navarrete is a name to note.
'Business-minded' associate Federico Barrios leads BLP's growing real estate department, which advises companies as well as private investors on local real estate transactions and developments. The practice handled all licensing and permitting related to two sites in San Juan del Sur for international hostel chain Selina and assisted new client Mercon Coffee Group with a number of complex property transactions on Nicaragua's Atlantic coast. Ernesto Rizo is also a key contact.
Consortium Legal's real estate department is known for its advice on updating record inconsistencies in the national real estate registry. Department head Carlos Taboada and his team also advise clients on resolving conflicts with neighbouring properties and assist in sales and purchases, hereditary transfers and updating ownership information during mergers. Other key contacts are senior associate Brenda Martinez and associate Queenie Bendaña.
Alvarado y Asociados' two-partner real estate department, led by Gloria María de Alvarado and Luz Marina Espinoza, regularly advises on complex real estate projects, including handling due diligences and registration processes. The firms represents clients from a variety of spheres, such as the forestry, education and charitable sectors, and brings added expertise in mining concessions to the table. Clients include Cemex Nicaragua, Centro Cultural Batahola Norte and Hydrologica.
CENTRAL LAW Nicaragua
CENTRAL LAW Nicaragua advises clients on the full life cycle of real estate matters: inspecting properties, negotiating the terms, drafting purchase and sale agreements, and advising on tax implications are among its services. Soraya Montoya Herrera and Yalí Molina Palacios are key figures in the team, which is experienced in matters related to residential condominiums, as well as urban and tourism developments in the whole of Central America.