Mr Carlos de Icaza > Creel, García-Cuéllar, Aiza y Enríquez, S.C. > Mexico City, Mexico > Lawyer Profile

Creel, García-Cuéllar, Aiza y Enríquez, S.C.

Work Department

Environmental and Real Estate


Carlos de Icaza has actively represented major industrial groups, real estate investment trusts, development companies and private equity funds, involved in the industrial, tourism, retail and housing sectors, requiring environmental, real estate and transactional advice for their Mexican ventures. On the environmental side, among various other matters, Mr. de Icaza has recently advised a large multinational doing business in Mexico in successfully completing a large remediation of a heavily contaminated site and in its further sale to a third party for subsequent redevelopment.

On the real estate side, among others, Mr. de Icaza advised last year a large Mexican real estate fund in the sale of 19 shopping centers to a Mexican REIT (FIBRA) for an amount exceeding US$600 Million dollars. Among his most representative recent transactions Mr. de Icaza advised Mexico Retail Properties (an affiliate of Black Creek Capital) in the sale of 49 retail properties located in 20 jurisdictions throughout Mexico to Fibra Uno (the first and largest REIT in Mexico), for a price of over US$2 Billion Dollars. This transaction closed in December 18, 2013, and was at that point in time the largest real estate transaction in terms of purchase price in the history of Mexico.

Over the past decade Mr. de Icaza has been consistently ranked as a leading and/or highly recommended attorney by several publications including Who’s Who Legal, Practical Law Company, Chambers and Partners, Latin Lawyer and The Legal 500. Mr. de Icaza obtained the Client Choice Award for the category of Environmental Law in Mexico, from the International Law Office/Client Choice Awards organization during two years in a row, in 2013 and 2014.
Mr. de Icaza is a frequent speaker on environmental and real estate matters and has written various articles and papers on different legal subjects.


Mr. de Icaza worked as a Foreign Associate in the Los Angeles office of Paul, Hastings, Janofsky & Walker in 2000 and 2001.


Spanish, English and French.


Mr. de Icaza is a member of the International Bar Association, the Carbon Markets and Investors Association and the American Bar Association.


Mr. de Icaza received his law degree (JD) from the Instituto Tecnológico Autónomo de México (ITAM) in Mexico City in 1997, and obtained his LL.M degree from McGill University in Montreal, Canada in the year 2001. Mr. de Icaza studied a Post-Graduate Course on International Commercial Arbitration in 1997 from the Escuela Libre de Derecho in Mexico City, and a Post-Graduate Course on Environmental Law, in 1998, from the Instituto Tecnológico Autónomo de México (ITAM) in Mexico City.

Lawyer Rankings

Mexico > Environment

(Leading individuals)

Carlos De IcazaCreel, García-Cuéllar, Aiza y Enríquez, S.C.

Maintaining steady growth in recent years, the eight-strong environmental practice at Creel, García-Cuéllar, Aiza y Enríquez, S.C. is well known for its expertise assisting on the environmental aspects of mergers and acquisitions, financings and other real estate and business transactions, as well as in energy and infrastructure projects. With environmental and real estate expert Carlos de Icaza at the helm, the team also shows good capabilities handling regulatory matters, compliance and administrative litigation. Recent work highlights include advising Grupo Celanese on the environmental law aspects of closing a manufacturing facility in Poncitlán, Jalisco. Mid-level associate Alejandro Castelló is another key member of the team.

Mexico > Real estate

(Leading individuals)

Carlos de IcazaCreel, García-Cuéllar, Aiza y Enríquez, S.C.

One of the undisputed heavyweights of the real estate arena, Creel, García-Cuéllar, Aiza y Enríquez, S.C. houses a ‘hard-working, skilled, and thorough’ practice, 24-strong, which remains the go-to firm for many multinational and domestic developers, promoters, tourism and leisure companies and investors; including international real estate funds, Mexican CKDs, CERPIs and FIBRAs. In recent highlighted work, the team advised Telesites and its wholly owned subsidiary, Operadora de Sites Mexicanos regarding the first ever Mexican real estate investment trust designed to invest in telecom towers. The matter was led by Monterrey-based partner Badir Treviño-Mohamed, who according to a client is an ‘exceptional real estate attorney’. The renowned practice includes other outstanding practitioners such as Monterrey-based Francisco Montalvo, who co-heads the department together with Carlos de Icaza in Mexico City, whose solid real estate practice is strengthened by considerable expertise in environmental law; additional key figures include Carlos del Río (also in Mexico City), who specialises in acquisitions and divestitures, investments and joint ventures in Mexico across multiple industries and sectors; and ‘brilliant’ senior associate Alfonso Pulido.