
Headed up by Federico Peñasco, the real estate team at Posadas is recognised in the jurisdiction for its ability to structure real estate projects through trusts and its strong expertise in resolving complex title and encumbrance issues during due diligence. Peñasco has extensive experience in real estate, focusing on project structuring, real estate trusts, and complex commercial operations, and also advises on notarial matters, including restructurings, sales, and acquisitions. Nicolas Ferreira is highly skilled in structuring real estate deals, particularly involving foreign investment, alongside M&A and project finance, and assists with drafting and negotiating commercial agreements. Lorena Speranza has extensive experience in real estate law, specialising in rural assets and project structuring, and has played a key role advising major clients on multiple urban and rural developments. Victoria Elduayen is adept at advising on the acquisition and disposal of urban and rural real estate and handles notarial aspects of development projects. Rocío González is knowledgeable in rural real estate, particularly in areas such as leasing, grazing, and pledges.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- PPV's Real Estate Law team combines exceptional technical expertise with a genuine understanding of the business. In our project, they didn't just handle the legal aspects: they understood the business objectives, anticipated risks, and proposed practical and viable solutions. They are agile, readily available, and work with a level of detail and rigor that clearly sets them apart from other firms we have worked with.
- Juan Deffeminis and Nicolás Ferreira have been extremely satisfactory. They stand out for their sound judgment, their ability to execute, and their commitment to the client. They combine technical excellence with a strategic and business-oriented perspective, respond quickly and clearly, and are personally involved at every stage. They build a relationship of trust that sets them apart from their competitors.
- They understand the needs of the company and the business, and by approaching the problem from several perspectives, the solution is always comprehensive.
- This team advises you in all areas, understands your business, and knows how important time is in this industry. Their responses and solutions are quick and creative.
- Experience, competence, attitude. Ability to address complex problems holistically, considering all aspects involved.
- Excellent team of lawyers. Very professional. They are the legal experts in Uruguay. I have complete confidence in them. A highly skilled and efficient team. Simple billing. They respond very quickly. Very organized.
Key clients
- La Buonora y Asociados
- Celtevik
- Integrated Developments
- Sterza S.A.S.
- JHSF (Uruguay)
- Gomez-Zorrilla Desarrollos
- Sures Real Estate
- Nispley S.A. -Surmontes BH Inmobiliaria
- LUMIN
Work highlights
Advised La Buonora y Asociados Desarollos on the structuring of a mixed-use real estate project called Cala del Yacht worth USD 159 million.
Advised La Buonora y Asociados Desarollos on the structuring of a mixed-use real estate project called Huertas del Barrio worth USD 60 million.
Advised on a USD100 million, large-scale real estate project called Medano del Pinar – the last project created and designed by the multi-award-winning architect Rafael Viñoly.
Lawyers
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head
Federico Peñasco
Other key lawyers
Nicolas Ferreira; Lorena Speranza; Victoria Elduayen; Rocío González
