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Araquereyna has established itself as the key player in the real estate market. Sector specialist María del Pilar Viso is highly regarded; she continued supervising Tegualda’s ‘Centro de Compras Merpoeste’ project, a mandate including the drafting of numerous leasing and sale contracts, among other matters. Viso also teamed up with the well regarded Manuel Reyna, to provide legal counsel to Cabaleiros Group regarding pre-sale negotiations. The impressive client portfolio also includes the Venezuelan Chamber of Construction, Millennium Group, and Deloitte.

Lega has a superlative reputation for its real estate practice. Recent mandates include providing due diligence for Alpina regarding the company’s current lease relations nationwide. Other work included negotiation and mediation with a business space lessee on behalf of Grupo Total 99. The team has also gained numerous new clients, such as Bristol-Myers Squibb, among others. Juan Enrique Aigster delivers ‘excellent all-round service’ and is the key contact together with Mark Melilli-Silva, who is recognised for his real estate litigation skills.

Baker & McKenzie, S.C.’s real estate practice advises local and international investors on the environmental and regulatory implications of acquisitions, as well as handling commercial and portfolio leasing, advice regarding exchange control regulations and the organising and structuring of property ownership. Newly-appointed practice head María de Los Angeles Celis gives tailored advice on how to adapt to the challenging circumstances in the country and has an additional focus on corporate law. Gabriel de Jesús’ litigation and arbitration skills are also in high demand. Former practice head Maria Eugenia Reyes and Alfonso Porras left to join start-up firm Altum Abogados, S.C..

D'Empaire’s team has been active, recently, advising clients such as Oster de Venezuela regarding potential real estate projects in Caracas. In general, the team handles traditional real estate purchases, joint venture transactions and the lease of real estate; it not only has ‘great knowledge of the local law, but also of the non-legal aspects related to the real estate market’. Inés Parra is the key contact.

The real estate practice at Mendoza Palacios Acedo Borjas Páez Pumar & Cía advises its clients on everyday matters as well as on complex transactions. Well-versed in finance and investments, departmental head Manuel Acedo Sucre’s workload includes all legal matters relating to the ‘Azure Residences’ project in Aruba, which was constructed by the Perrett Group; he and the team previously advised the same client on its "Oceania" and "Blue Residences" developments. Moreover, working closely with the firm’s M&A lawyers, the department has developed a specialist group to support in-house teams when it comes to the developer’s rights and obligations.

Norton Rose Fulbright advises on the complex legal framework posed by lease-related queries. The team handles real estate litigation; and with several of its clients interested in investing in real estate, the department is also in demand for investment planning and structuring advice. With the departure of Ramón Andrade to work for Corporación Andina de Fomento (CAF) in Panama; the practice is now led by Sergio Casinelli, Natalija Vojvodic, and Daniela Jaimes.

Travieso Evans Arria Rengel & Paz handles acquisitions, financing and the sale of real estate properties. The firm acts for developers, builders, lenders, and brokerage firms, among others, and also advises them on associated tax issues. Luis Tinoco Arria and Pedro Rengel Nuñez are the key contacts.

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