Real estate in Venezuela

Araquereyna

Maripi Viso leads the real estate practice at Araquereyna, which has longstanding experience in acquisitions, space structuring, the financing and sale of real estate projects, and the planning and structuring of condominiums and lot developments. Other notable contacts include Manuel Reyna and associate Federica Mena.

Lega

The longstanding real estate practice at Leĝa Abogados spans the residential, retail, office and industrial sectors. The team advises on construction and development, the acquisition and disposition of real estate assets, leasing issues, financings secured by real estate, and regulatory matters relating to the construction of housing. Juan Enrique Aigster, who is highly experienced in real estate structuring and transactions and commercial and residential leases, and Mark Melilli-Silva, an expert in real estate litigation and in advising real estate investors in Venezuela, lead the practice.

Practice head(s):

Juan Enrique Aigster; Mark Melilli-Silva

Key clients

Asociación Civil Hermanas del Buen Pastor

Bristol Myers Squibb

Moore Stephens Venezuela

Bloomberg

Andrade Gutierrez Enghenaria

Nouryon

Inversiones 4 Albert’s Sons

EF Educación Idiomas en el Exterior

Work highlights

  • Advised Asociación Civil Hermanas del Buen Pastor on the disposition of a 23,900 sq m lot in Caracas to a private university.
  • Advised a private client who had inherited several pieces of real estate in Caracas, including five apartments, on renegotiating or terminating the lease agreements.
  • Advised IBM Corporation on the lease of a 22,900 sq f space in the IBM Building in Caracas to Kyndryl Venezuela for its headquarters.

Mendoza, Palacios, Acedo, Borjas, Paez Pumar & Cia.

Mendoza, Palacios, Acedo, Borjas, Paez Pumar & Cia. counts major construction companies among its clients, advising on their operations both in Venezuela and abroad, including private sector construction projects. The team assists with the acquisition, sale and rental of office, storage, commercial and private properties, as well as loans relating to real estate. The practice also works alongside the firm’s corporate and litigation departments on real estate-related matters, including due diligence of target companies’ real estate holdings. Manuel Acedo Sucre is a key contact for complex real estate transactions in Venezuela and Aruba; he co-heads the team with Luisa Acedo and Diego Lepervanche. María Del Carmen López is also noted for real estate litigation.

Practice head(s):

Manuel Acedo Sucre; Luisa Acedo; Diego Lepervanche

Key clients

Grupo Perret Ingenieros

Miranda Capital Partners (formerly Evolvere Capital)

Corporación Solsica (former subsidiary of Emerson Electric)

Distribuidora Alcarin

Grupo Austral

Mercantil Banco

Metropolitan Distributors

Juan Van Heel

Work highlights

  • Advised Grupo Perret on the structuring, development and sale of residential, leisure and office real estate projects in Venezuela and Aruba.
  • Assisting Distribuidora Alcarín with issues affecting its storage and office spaces.
  • Advising Corporación Solsica (the former subsidiary of Emerson Electric and its sole distributor) on all real estate matters relating to its office and storage spaces.

Baker & McKenzie, S.C.

Global firm Baker & McKenzie, S.C. stands out for its niche expertise in corporate restructurings involving real estate assets for local and foreign investors, based on bilateral investment treaties and double taxation treaties. In addition, the team advises on the acquisition, disposal and development of real estate assets (including the environmental and regulatory aspects of transactions) and disputes over the acquisition and leasing of properties in Venezuela. María Celis, who has extensive experience in corporate transactions involving real estate, and Gabriel De Jesús, who is recommended for his expertise in real estate-related arbitration, lead the team.

Practice head(s):

Maria Celis; Gabriel De Jesus

Testimonials

‘In our relationship with Baker, via María Celis and her team, we have been adapting and adjusting our legal strategies to take advantage of any real estate improvement in the economy. Baker’s legal team keeps us abreast of changes in legislation allowing the necessary adjustments, which has been useful for us to take advantage of the business opportunities that have arisen and that we hope will arise soon.’

‘María Celis’s team remains proactive and up-to-date on a domestic and international level.’

‘The team are dedicated, and they have exceptional technical knowledge and availability.’

‘The lawyers are easy to communicate with and although they have exceptional technical knowledge, they communicate it in a simple way without complexities. This, together with their availability, makes them an excellent team of professionals.’

D'Empaire

The wide-ranging real estate practice at D'Empaire has expertise in the office, industrial, retail and hospitality sectors. The team advises on the sale and acquisition of properties, as well as the financing and construction of real estate developments. Clients include real estate investment funds and private equity firms, which the team assists with their Venezuelan projects. At the head of the practice, Ines Parra and Roberto Mas handle major real estate transactions.

Practice head(s):

Inés Parra; Roberto Mas

Key clients

Tetra Pak

Bayer

Work highlights

  • Assisted Tetra Pak, a leading food processing and packaging solutions company, in the sale of its manufacturing plant located in the state of Carabobo, Venezuela, to a local investor.

Dentons

The real estate practice at international firm Dentons advises both local and foreign clients with investments in real estate on M&A and corporate reorganisations involving real estate assets and complex litigation, as well as assisting with investment planning. Another key area of activity for the practice is advising on leasing matters. The team is led by Ramón Alvins, who has notable expertise in complex real estate disputes, Sergio Casinelli, who co-heads the firm's Latin American and Caribbean real estate practice, Natalija Vojvodic and Daniela Jaimes.

Practice head(s):

Ramón Alvins; Sergio Casinelli; Daniela Jaimes; Natalija Vojvodic