The real estate team at Alemán, Cordero, Galindo & Lee advises a wide range of domestic and international clients, including financial institutions and developers, on high-value real estate projects and transactions. The team provides regular assistance in the development of residential, commercial and industrial projects, with a particular emphasis on the planning for high-end resorts. Eloy Alfaro, who is currently advising on a high-profile development in the Panama Pacifico area, leads the team with the highly experienced Aníbal Galindo, who excels in M&A involving real estate assets, and Lorenzo Marquinez, who counts a number of luxury real estate developers among his clients. Rafael Marquínez, who was welcomed to the partnership in January 2022, is a name to note for financing transactions in this space.

Galindo, Arias & López‘s diverse real estate practice covers financing and corporate transactions, commercial agreements, regulatory matters in the sector, and the development of major office, commercial and high-end residential projects. The team is noted for its advice on real estate transactions and developments in Panama City’s historic Casco Antiguo district, and has carved out a niche in the creation and operation of real estate investment trusts. Of counsel Salomón Behar spearheads the practice and has longstanding experience in project finance. Ramón Ricardo Arias also plays a key role in advising major Panamanian real estate developers.

María Carolina Arroyo leads the real estate and hospitality practice group at Arias, Fábrega & Fábrega, which is particularly focused on project finance and Panama’s horizontal property regime. The team has experience advising on real estate and tourism joint ventures, construction and development agreements, commercial leasing, property tax and real estate finance. Its diverse client base is made up of real estate owners, developers, hotel and resort operators, and construction companies.

Senior partner José Agustín Preciado leads the real estate practice at Fabrega Molino and is noted for his experience in real estate transactions including acquisitions, investments and joint ventures. The team has considerable expertise in the acquisition and sale of land, and in the development of commercial, mixed-use and residential projects. Zoning, permitting and other land use matters are other areas of activity for the department. Experienced senior associate José Antonio Sierra is a key figure in the practice, who focuses on cross-border real estate investments.

Lovill‘s real estate team stands out for its advice on the sale, acquisition and merger of land plots, including for the purposes of residential and commercial developments. In addition, the firm has notable expertise in advising major real estate companies and high-net-worth families on the restructuring and management of their real estate portfolios. The practice is led by Elizabeth Heurtematte, who divides her time between Panama City and Tokyo, and Isabel Cristina López. Heurtematte is proficient in project finance, and regularly advises on regulatory issues related to the development of projects in the historical Casco Antiguo district of Panama City. Associate Alejandro Fung focuses on real estate transactions.

Working closely with the firm’s project finance practice, the real estate team at Morgan & Morgan has significant strength in structuring the financing for high-value commercial, retail and residential developments. In addition, the team advises on tourism-related projects and luxury residential developments. Clients include major real estate developers and leading domestic financial institutions, who also turn to the firm for assistance in real estate M&A. Practice head Francisco Arias is a key figure in the team for real estate finance matters, while Ricardo Arias specialises in the establishment and registration of real estate investment trusts.