Real estate in Peru
A well-resourced team at CMS Grau is in demand across the board for advice on rural and urban land acquisition, construction and development, sanitation, infrastructure and real estate disputes. Raúl Ravina is widely respected in the market for his expertise and has particular niche strength in the acquisition and sanitation of surface land for the development of mining projects. Fellow partner Carolina Gajate is skilled in real estate projects in the retail, hotels and leisure, health, education and residential housing sectors in particular. The team is advising Glencore subsidiary Compañía Minera Antapaccay on the acquisition of rural properties for the expansion of copper mines Tintaya and Coroccohuayco (projects with an aggregate value of $1.48bn). In the retail segment, the team acted for Open Plaza on the acquisition of nine properties for the expansion of the Surquillo Open Plaza Shopping Centre. Following his promotion to partner last year, Franco Soria was poached by Rubio Leguía Normand, along with associate Rubén Quevedo .
Estudio De la Flor, García Montufar Arata & Asociados excels in all land and property-related work, from planning, construction and urban development through to real estate investment, arbitration and regulation. Clients include a raft of property developers and construction companies, such as GTC Proyectos Inmobiliarios, which the firm recently advised on two residential housing developments in the Chaclacayo district; while other clients include healthcare provider Grupo Auna, which it represented on the construction of a $100m clinic in Lima. The four-partner team is led by Guillermo Garcia Montufar, who is particulray ative advising international real estate investors, and is supported by: Claudio Berastain, client partner to Cencosud Perú and Inmobiliaria y Constructora Marcan, among others; Moisés Arata, an expert in urban development regulations; and Julio Salazar, who handles real estate transactional matters.
Miranda & Amado has 'excellent knowledge of the industry', pleasing clients with its 'commitment and creativity' and 'personalised attention'. In particular, practice head Claudia Lucena 'stands out for attending our needs in the optimal time'; she leads a team of real estate, corporate and tax partners to deliver sophisticated advice in real estate investment projects, both for local and foreign investors, including funds, and project developers. They include Morgan Río Capital Management, Terranum Capital Latin America Real Estate Fund and EOM Inversiones (Grupo Esparq). A broad range of matters include acting for Arte Express & Compañía on its $25m acquisition of seven buildings in the historic centre of Lima from insurer Rimac Seguros y Reaseguros, and representing developer EWS Inversiones on a 13,500m² land acquisition in the rural zone of Lima for a country housing project. The very experienced Yelitza Valdivia is highlighted among a solid team of full-time real estate associates.
Rodrigo, Elías & Medrano – Abogados advises on the complete range of property and land issues at the highest level, with specialist niche capability in -for example- archeology and the analysis of seismic risk to buildings. Carlos Carpio is a leading industry figure and combines his public law expertise to advise on mega-projects with significant public impact, such as representing Inversiones La Maddalena on the development of a cruise terminal in Miraflores, Lima. In other work highlights, the team is representing television company Peruana de Radiodifusión (part of the El Comercio media group), on all its real estate needs, from operational permits to the sale and purchase of buildings; and acting for Inversiones Llanac on the urban development of a large residential project in southern Lima. Clients highlight the team's knowledge, focused application on each individual case and 'its capacity to understand and anticipate the counterparty'. Other key advisers include much-respected partner Hugo Silva, and associates Isabel Carrascal and Hugo Sarria.
Lazo, De Romaña & CMB Abogados
Lazo & De Romaña Abogados 'cares about its clients and long-lasting commercial relationships'. Its 'very good team' is strongly appreciated by clients, with one declaring it 'the best law firm I have worked with in years'. Multiple client gains this year include the likes of Macrobre, Inversiones El Pino, Inter American Investment Corporation and Grupo Patio; the team advised the latter on the $59.3m acquisition of a corporate office building in Lima. Practice head Jose Antonio Jaramillo and senior associate Luis Aliaga are 'sharp', 'proactive' and 'absolutely engaged with the client's view, priorities and deadlines'.
The 'first class lawyers' at Estudio Olaechea provide a very comprehensive real estate offering to some big-name clients, including Pfizer (which the team is advising on its headquarters' $3m lease), W Capital and Michelin. Current matters include ongoing advise to Akko Group on post-completion issues following the construction of its $65m business centre, completed in 2018. Practice head Rossana Natteri and her team provide a 'boutique service' with 'quick solutions'; described as 'supportive and efficient' and 'knowledgeable about their area', the group is praised for 'solving any obstacle ethically'. Associates Alberto Meneses and Paloma Hoyos are also consistently singled-out.
An impressive client and deal list at Philippi Prietocarrizosa Ferrero DU & Uria is testament to the calibre of the practice, which handles high-value and strategically-key transactions and developments, among other matters. Recent mandates include advising Lima Airport Partners on the $600m development of 'airport city' for air and port-related businesses; and representing Hexagrama 1 on its $60m acquisition of 7,200m² of land in the district of Barranco for a mixed-use project that will include a shopping centre, hotel, housing and office space. The practice is led by experienced partners Jorge Reátegui and Manuel Ugarte.
Estudio Echecopar member firm of Baker McKenzie International delivers a 'combination of commitment, professionalism and reputation' to developers, funds, lenders and public and private companies. Banking and finance partner Marco Alarcon heads the real estate practice, demonstrating 'technical knowledge, expertise and attention to detail'. The team is advising developer Inversiones Centenario on its potential $90m acquisition of four plots of land in Lurín. The practice benefits from the infrastructure expertise of Jorge Danós and a team of a capable associates, including the experienced Laura Francia Acuña, who was hired from Lazo, De Romaña & CMB Abogados in 2019.
Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados fields a large, multidisciplinary team led by corporate and real estate senior partner Yuri Vega, assisted by Annalucia Fasson and Elard Dianderas. The team stands out for its 'comprehensive view of the situation under analysis', 'experience in negotiations and contractual aspects' and 'attention to detail'. New clients this year include Volcom Capital Investment Fund, retailer Antalis Peru and developer LVM Inmobiliaria, which the firm advised on a $20m financing for the development of land in Piura, north Peru.
Rubio Leguía Normand boosted its practice in 2019 with the hire of new partner Franco Soria and his team of associates, including the experienced Rubén Quevedo, from top tier practice CMS Grau. He joins public law and projects expert Milagros Maraví in heading the firm's land titles practice. Recent instructions included acting for Credicorp Capital and Banco de Crédito del Perú as structuring agent and lender on a $28m financing to Gre Ves (part of Lindcorp Real Estate), for the construction of the first and second stages of a logistic park in Lurin, Lima.
Amprimo, Flury, Barboza & Rodríguez Abogados.
Amprimo, Flury, Barboza & Rodríguez Abogados. enters the ranking following the 2018-hire of Eduardo Barboza, fomerly real estate practice head at Estudio Echecopar member firm of Baker McKenzie International, along with former senior Jaime Miranda, who is elevated to partner at his new firm, and associate Rodrigo Zaldivar. The new practice already boasts an extensive client list that includes The Nomad Group, which the team is advising on the potential $35m acquisition of the Hotel Sheraton; and CenturyLink Peru, which it is assisting with potential land sites for telecoms infrastructure. Clients highlight the team's commitment, 'solid experience' and 'personalised and frank advice' and note Barboza's expertise in both real estate and contractual disputes.
Arbe Abogados has a small practice group with notable clients including Illusione Constructora e Inmobiliaria and Inmobiliaria Pionero Dos. Francisco Gálvez leads a compact but capable team that is praised for its market knowledge, availability and professionalism. It advises on all aspects of land sales and purchase, development joint ventures, construction and management, procurement and the legal, planning and tax aspects of urban and rural projects.
De Bracamonte - Haaker - Castellares
New to the ranking, the practice at De Bracamonte - Haaker - Castellares focuses primarily on construction, land and property transactions, and real estate funding. It has attracted multiple new clients over the past year, including Inversiones Ferrara, Southern Bridge Capital and Inversiones Larco 1232, advising the latter on the construction and development of a $23m office building project in the Miraflores district. In other matters the team is advising another new client, C&J Constructores y Contratistas, on various development and urban planning projects. Ricardo Manuel Haaker Yori and Christian Castellares Alfaro head the practice.
DLA Piper Perú's Hernan Velarde is experienced in a broad range of real estate matters, including regulatory issues, acquisition and sales, and the financing of development projects, for example. Specific instructions include representing Sociedad Agrícola Tres Cruces Limitada on the sale of land for the development of more than 750 beach houses and common spaces in Puerto Viejo, Lima; and acting for WeWork Peru on its long-term agreement with Inmobiliaria 2-S to use the Aliaga 360 office-space building.
Hernández & Cía. Abogados acts for developers, international investors, investment funds, lenders and domestic companies, among others, on a range of issues in both the urban and rural segments. Luis Felipe Huertas del Pino and Miyanou Dufour are both experienced professionals, with cross-over expertise in mining and environmental law. The team recently advised Credicorp Capital Servicios Financieros and Banco de Credito del Peru on a $75m financing to real estate companies Inmobiliaria Alquife, Alquife del Sur and Inversiones Aleste for the leasing of extensive warehouse space.