Real estate in Panama

Alemán, Cordero, Galindo & Lee

Leading real estate developers in Panama turn to Alemán, Cordero, Galindo & Lee for advice on large-scale residential, industrial and commercial projects; other clients include banks and institutional investors. The team assists with planning, zoning laws and environmental regulation, as well as the financing and development of projects, and is able to draw on the full-service firm's strength in litigation to handle construction and real estate disputes. The highly regarded Anibal Galindo, who has expertise in real estate and finance; Lorenzo Marquinez, whose clients include many of the largest luxury developers in Panama; and Eloy Alfaro, who has project finance expertise, lead the team. Senior associate Rafael Marquinez is noted for his experience in real estate transactions.

Key clients

London & Regional (Panamá), S.A.

Grupo Verdeazul

Grupo Buenaventura

Ideal Living, Corp.

Grupo Provivienda

Grupo Eleta

Desarrollos Horizontes, S.A.

Desarrollos Comerciales S.A

Marea Ventures Corp.

Constructora Urbana

Work highlights

  • Advised Banco Interamericano de Desarrollo on the purchase of two properties for its offices.

Galindo, Arias & López

Galindo, Arias & López regularly advises leading developers, investors and lenders on the financing and development of high-end real estate projects, including offices, retail premises, hotels and luxury residential buildings. The team is also experienced in regulatory, corporate and commercial matters in the real estate sector, and has a niche specialism in advising on real estate transactions and developments in Casco Antiguo, a Unesco heritage site in Panama City. Salomón Behar, who heads the practice, is highly experienced in public bids and project finance and development. Other key members of the team include Ramón Arias, whose clients include leading Panamanian real estate developers, and senior associate Lizbeth Villarreal, who has expertise in real estate transactions.

Practice head(s):

Salomón Behar

Key clients

Alemautos Panamá, S.A.

Banco General, S.A.

Conservatorio, S.A.

Grupo Amarilo

Grupo Attie

Grupo Casas Grandes

Grupo Durex

Hacienda El Limón

Inmobiliaria P&P, S.A

Grupo los Pueblos

Work highlights

  • Advised Ocean Reef Islands on the financing of the development of a residential complex on man-made islands in Panama.
  • Acting for China State Construction Engineering Corporation in the public bid process undertaken by the Ministry of Housing for the design and construction of the Ciudad de Esperanza infrastructure project.

Arias, Fábrega & Fábrega

Arias, Fábrega & Fábrega acts for a diverse client base of real estate developers, financial institutions, construction companies, and hotel and retail operators. The team advises on the financing and development of major residential and commercial projects, as well as the sale and leasing of completed properties. The multi-disciplinary practice also assists with environmental, regulatory, tax and corporate matters in the real estate sector. María Carolina Arroyo, who has significant expertise in real estate finance and Panama's horizontal property regime, leads the team.

Fabrega Molino

Fabrega Molino advises on the construction and financing of commercial, residential, retail and industrial developments, and also assists with the sale and acquisition of land for development and the negotiation of leases. Land use matters, including zoning law, special permits and government authorisations, are also areas of expertise, as are contentious matters such as lease disputes, where the team can draw on the firm's experienced litigation practice. The experienced Jose Agustin Preciado and senior associates José Antonio Sierra and Marleny Medina are the key contacts.


The real estate department at LOVILL is led by senior associate Omayra Silva, who has expertise in leasing, mortgages, and the construction and development of residential and commercial projects. Founding partner Elizabeth Heutermatte is also a key part of the practice, assisting local and international developers with a range of matters relating to real estate projects. Other areas of work for the team include the sale and purchase of properties, and advice on the condominium ownership regime and co-ownership regulations.