Alemán, Cordero, Galindo & Lee is renowned for its experience in large-scale real estate transactions and the development of major commercial, industrial and residential projects, including the Panama Pacífico special economic area. Among its clients, the firm counts banks and other financial institutions and leading real estate developers. The team is led by Aníbal Galindo, a real estate specialist who also advises on corporate and M&A transactions in the sector; Eloy Alfaro, who acts for many of Panama’s largest real estate developers; and Lorenzo Marquínez, who has particular expertise in luxury real estate developments. Senior associate Rafael Marquínez is also experienced in financial transactions in the real estate sector. Since publication, Marquínez has been raised to the partnership - effective January 2022.

Galindo, Arias & López has a wide-ranging real estate practice, spanning the financing and development of office, hotel, shopping centre and luxury residential projects; purchase and leasing transactions in the real estate sector; and regulatory issues, including condominium regulation. In addition, the firm has notable expertise in the creation and operation of real estate investment trusts, and a niche specialism in real estate transactions and developments in Panama City's Casco Antigua, a Unesco heritage site. Practice head Salomón Behar specialises in project development and financing. Ramón Ricardo Arias, who advises many leading Panamanian real estate developers, is also a key contact.

The experienced María Carolina Arroyo leads the real estate team at Arias, Fábrega & Fábrega, which has considerable expertise in real estate joint ventures, zoning and environmental regulations, land purchase, construction and development agreements, and real estate finance transactions. Clients include leading real estate owners and developers, hotel and shopping centre operators, construction companies, and financial institutions. Senior associate Vivian Holness is also a key contact.

Fabrega Molino's real estate practice spans the sale and purchase of land, the development of major commercial, residential and mixed-use real estate projects, the negotiation of commercial leases, and zoning and special permitting requirements. The team counts financial institutions, contractors and large real estate owners and developers among its clients. Practice head José Augustín Preciado has additional expertise in tax and investment matters. He is supported by senior associate José Antonio Sierra.

LOVILL‘s expertise in real estate matters ranges from transactions involving plots of land and the development of commercial and residential projects to advice on the horizontal property regime and lease agreements. In addition, the team has recently been active assisting with leasing issues stemming from the Covid-19 lockdown. Clients include large local and international real estate developers. The practice is led by founding partners Elizabeth Heurtematte, who has expertise in the tax planning and financing of real estate projects and in regulatory issues surrounding developments in the historical Casco Antiguo district of Panama City, and Isabel Cristina López.