Real Estate
Deals
- Residential
- Advised Arquitectoma and family office in the corporate restructure, development, US$250 million financing, and commercialization of a landmark 58-story building Chapultepec Uno located on Paseo de la Reforma, Mexico City. The building is one of the highest and most famous skyscrapers in Mexico City, consisting of 30,000 square meters of office space, 64 apartments and the first Ritz-Carlton hotel in Mexico.
- Residential
- Advised Cimbra Capital in the due diligence, negotiation and acquisition of an ownership interest in a high-end multi-purpose real estate development located in Tijuana, Mexico. Following the acquisition, Cimbra will carry out and develop the residential component of the project. The transaction was for US$20.0 million.
- Industrial
- Advised Hasbro Mexico in the negotiation of a lease agreement under the Triple N modality, for a 408,382 ft2 warehouse located in the industrial park Prologis Park Grande, in Tepotzotlán, State of Mexico, to be developed and built by the lessor/developer Prologis, under the specifications and requirements of Hasbro Mexico.
- Hospitality, Travel & Leisure
- Advised Parks Desarrolladora (an affiliate of FIBRAUNO, the largest Mexican real estate development REIT) in the acquisition of approximately 43 acres in a master tourism and residential project in Los Cabos, Baja California Sur, which includes a 5-star luxury hotel with 260 hotel keys, and residences (with a total of 600 keys).
- Hospitality, Travel & Leisure
- Advised Parks Desarrolladora in the restructuring of two real estate projects to be developed by our client and its partner, within the Oleada Master Development in San José Pacifica Real Estate. One of the projects will consist of the construction and development of a 5-star luxury hotel with more than 500 hotel keys, and a second 5-star hotel (550 keys) and 30 residences, for the operation of the hotels under a luxury brand and the sale of the residential units.
- Hospitality, Travel & Leisure
- Development, design and negotiation of various hotel operation models with chains such as Meliá, AM Resorts, Presidente, Chileno Bay, Paradero and Posadas, among others.
- Hospitality, Travel & Leisure
- Advised Inversiones del Caribe, negotiation and legal structuring phases of a high-profile real estate acquisition, in which the internationally renowned hospitality group “Royal Caribbean International” acted as the purchaser.
- Residential
- Advised La Haus in its negotiations with M2 Michan Inmobiliaria, a real estate developer, to invest in a residential development of an apartment building that would result in approximately 80 units, in Colonia Roma, one of the most sought-after neighborhoods in Mexico City.
- Residential
- Advised APX Inmuebles in the due diligence, negotiation of land acquisition, financing process, tax legal structure, development, pre-sale and development of two real estate developments located in San Rafael and Condesa, Mexico City. Our advice included the negotiation of the structure to make the development and commercialization of the projects efficient, including a real estate trust to hold the underlying land.
- Retail/Offices
- Advised Fortem Capital in the structuring of the CKDs (Investment Public Trusts) as well as on the underlying real estate projects. Fortem Capital issued a program of CKDs for a total amount of up to US$250 million to be invested in real estate properties for the development of commercial, residential, industrial and hospitality projects.
- Retail/Offices
- Advised Pesorama Inc. in the negotiation of long-term lease agreements for 9 commercial facilities used for Pesorama stores in Mexico City under the “JOI” brand (7 with Fibra Uno and 2 with GDI developers).
- Retail/Offices
- Audits of more than 25 properties at Walmart’s request for acquisition and/or lease for the construction and establishment of stores in its various formats, to identify the existence of risks in the property titles, the disaffection of the ejido regime as well as the congruence and veracity of the properties, comparing surveys and plans with comparative ones.
- Industrial
- Advised Operadora Meor in the negotiations for the acquisition of an 914 932 ft2 site in Ciudad Juarez, Mexico, one of the fastest growing cities in Mexico in the industrial sector due to nearshoring, where the company plans to develop more than 430,556 ft2. of warehouses to lease to AAA clients.
- Industrial
- We advised Marhnos Inmobiliaria in the purchase and sale of a real estate portfolio consisting of eleven warehouses leased as distribution centers in favor of Grupo Bimbo, which was made to Meor. and 5 additional shopping centers, as add-ons to the same.
- Industrial
- We advised Mercado Libre in the negotiation of the lease agreement under the Triple N modality, for a 1,076,391 ft2 warehouse located in the industrial park Prologis Park Grande, in Tepotzotlán, State of Mexico, to be developed and built by the lessor/developer Prologis, under Mercado Libre’s specifications and requirements.
Team Services
Retail, Office, Industrial, Residential, Hospitality, Fractional, FIBRAs
SMPS Legal’s attorneys have extensive experience of representing developers, creditors and investors in all types of real-estate and asset transactions, including purchases, leasing agreements, funding, development, construction, and liens on-real estate assets such as offices, retail outlets, malls, manufacturing industries, mines, residential and multi-purpose properties, and hospitality establishments.
Our team members are key players in the hospitality sector, providing legal assistance for well-known hospitality projects in Mexico.
Our members have over 30 years of interdisciplinary experience in the industry. Exploiting our team’s strong business and legal capabilities, we provide solutions that mitigate risks at every stage of each transaction.
The services offered by SMPS Legal include the carrying out of audits and the provision of support in regulatory, tax and environmental matters, as well as the structuring of real-estate projects based on all types of modalities, including Real Estate Investment Trusts (In Spanish: “FIBRAs” or Fideicomisos Inmobiliarios de Bienes Raíces).
Our experts are recognized as key players in the area of real-estate law and for helping our clients in Mexico and the rest of Latin America to carry out complex operations.
At SMPS we have experience in the industrial sector, for the purchase, sale or lease of real estate, including the contracting of conditions for the construction of warehouses or manufacturing plants. We have advised clients in leasing real estate under gross leases (“Gross Leases” or Full Service”) or net leases (either Single Net, Double Net or Triple Net) or modified leases. In addition, we conduct real estate audits to confirm chains of title, the veracity of deeded and actual surfaces, feasibilities and permits for energy and water, including well concessions and land use licenses, as well as the disaffirmation of ejido land or special land tenure regimes.
Client testimonials
Client
The team at SMPS Legal covers a broad range of real estate mandates that includes land purchases, leases and sales, financing, development and construction work. Following the January 2025 departures of ex-practice co-heads María Teresa Paillés and María Esther Rey, the practice is co-led by Andrés Pizarro Suárez and Eduardo Pizarro Suárez. Both are noted for their expertise in advising developers, creditors and investors on real estate and asset transactions, including purchases, lease agreements and financings of office, retail, industrial and residential properties. The key names to note at senior associate level are Andrés González (Real Estate, Corporate and Financial Transactions); and Nadiezhda Vázquez Careaga (corporate, Real Estate and M&A).