Barros & Errázuriz ‘remains one of the leading firms for real estate work’. The 13-member team is consistently sought out by domestic and international developers (and investment companies) to advise on the Chilean market’s largest real estate deals; and it is highly rated for its structuring of acquisitions, real estate associations and consortiums, as well as real estate project financings. Acting across the full range of real estate development work, its sector specialisms range from residential, commercial, industrial and multifamily, to educational, recreational, agricultural, hospitality, social housing, retail and hotel developments. It also has notable industry expertise in infrastructure and construction, including telecoms towers. The group is additionally experienced in regulatory issues and administrative conflicts. The team is co-led by José Ignacio Ovalle, who advises major real estate and construction companies on the development of condominiums, shopping centres, offices, ports and hotels; Patricio Solórzano
, a longstanding adviser on the structuring of residential, commercial and industrial real estate projects; and Oscar Ruiz-Tagle, whose expertise encompasses urban and environmental regulations, along with territorial planning. The team further includes experienced counsel Alejandra Aránguiz, who ‘has complete knowledge of the subjects she advises on’; and senior associate and residential and commercial real estate project practitioner, María Teresa Diez.
Real estate in Chile
Barros & Errázuriz
Practice head(s):
José Ignacio Ovalle; Patricio Solórzano; Óscar Ruiz-Tagle
Testimonials
‘Great ability to work on various aspects of real estate business, including commercial, regulatory and tax issues.’
‘Remains one of the leading firms for real estate work.’
‘Constantly supports its clients in achieving their objectives.’
’Professional excellence in the various areas associated with real estate.’
‘Its teamwork and collaboration stand out. There is fluid communication, which is very convenient when dealing with complex problems.’
‘High-level knowledge in this area.’
‘José Ignacio Ovalle stands out.’
‘Alejandra Aránguiz has complete knowledge of the subjects she advises on.’
Key clients
LarrainVial Asset Management Administradora General de Fondos
Parque Arauco
Cámara Chilena de la Construcción (CChC)
BTG Pactual Chile
Scotiabank
TECK Carmen de Andacollo
Inmobiliaria Altas Cumbres
Universidad Finis Terrae
Agrosuper
Inmobiliaria Manquehue
Agrícola Valvi
Siena Inmobiliaria
Work highlights
- Advised Parque Arauco on the acquisition of a 22-story building.
- Advised BTG Pactual Chile on the sale of commercial properties in Las Condes and Rengo, along with the assignment of the lease agreements for these properties.
- Advising Scotiabank on real estate and urban planning matters.
Carey
The real estate team at full-service legal giant Carey is ‘great for its ability to minimise the risks that companies face when acquiring or leasing real estate property’. The sizeable practice is experienced in the development, financing, construction and sale of a range of real estate projects. Examples include residential, multifamily, commercial, industrial, data centre and hotel developments. The group also fields sector experts in casinos, agro-housing, conservation projects, shopping centres, office buildings and educational centres. The team’s coverage further encompasses the purchase, sale, lease and securitisation of real estate portfolios, along with real estate asset management. The practice is led by Juan Pablo Stitchkin, an expert in real estate and land development, as well as engineering, construction, and mining, energy and infrastructure projects. At counsel level, Eduardo Martin is the IBA Real Estate Committee’s current Latin American Forum liaison officer; while Tomás Varela (promoted in November 2023) advises on significant real estate development projects, his experience covering land use, building permits, title reviews, leases, and sale and purchase agreements. In the firm’s associate team, Javiera Avilés is ‘an outstanding lawyer’, whose broad practice includes infrastructure, engineering and construction projects, as well as real estate and land developments (and related judicial litigation).
Practice head(s):
Juan Pablo Stitchkin; Eduardo Martin; Tomás Varela
Testimonials
‘A very good experience in terms of quality of service, timeliness and collaboration.’
‘Great for its ability to minimise the risks that companies face when acquiring or leasing real estate property.’
‘Excellent work team with a great sense of urgency. Great follow-up and response times. They always show incredible availability.’
‘Commitment and great response times.’
’They have in-depth knowledge of construction regulations, permits and urban planning issues.’
‘Among the skills they have, they are proactive and always available where quick, efficient and effective responses are needed. Great knowledge of the regulatory framework and solid negotiation skills.’
‘Tomás Varela – high-level knowledge, good commercial vision, and good availability for clients’ requirements.’
‘Javiera Avilés is an outstanding lawyer for clarity, transparency, flexibility, willingness and availability.’
Key clients
H&M
The Freyja Foundation
SMU
IFC
Larraín Vial
Work highlights
- Assisted The Freyja Foundation with the purchase of 309 hectares for the development of a land conservation project.
- Advising SMU on day-to-day real estate matters, including the negotiation of lease agreements, and title and zoning-related due diligence.
- Advised IFCon on a financing granted to the Santo Tomás educational group for higher education infrastructure projects.
Fontaine & Cía
Fontaine & Cía houses a ‘highly specialised team that focuses on the client's business’. Acting for major real estate and construction companies, along with institutional investors, the firm’s 12-strong real estate and infrastructure team assists at every stage of real estate project development. Its expertise ranges from financings, the creation of appropriate tax structures, and the processing of all necessary permits, to urban law-related regulatory issues and the final delivery of constructed buildings. In addition to housing, office, commercial and industrial centre project development, the group is increasingly active in relation to rental-sector multifamily buildings, as well as warehouse and storage centre projects. The team is jointly led by residential, office, industrial and commercial real estate development expert, Montserrat Valverde, who ‘addresses difficult situations while looking for creative solutions’; Juan Eduardo Troncoso, who acts for institutional investors on the structuring of financings, rentals and developments; and Diego Marín, an experienced adviser to real estate and construction companies on tender reviews and the formation of consortia for projects. The practice further showcases real estate director and urban planning and territorial regulation specialist, María José Álvarez; and at associate level, Ramón Reyes, who acts for real estate companies on project developments and financings.
Practice head(s):
Montserrat Valverde; Juan Eduardo Troncoso; Diego Marín
Testimonials
‘A good team of lawyers who are very professional and serious.’
‘Very good relationships within the team, which helps a lot on a day-to-day basis in ensuring that tasks are completed in a timely manner.’
‘They are punctual and respectful, something that is difficult to find today.’
‘Permanent availability of partners and associates to answer questions and resolve issues.’
‘Great professional qualities and technical knowledge.’
‘Great availability and quick access to the team.’
’A highly specialised team that focuses on the client’s business, working hand in hand with the company’s internal team.’
‘Montserrat Valverde is a lawyer with a lot of experience, who addresses difficult situations while looking for creative solutions.’
Key clients
Compañía de Seguros Confuturo
Metlife Chile Seguros de Vida
Principal Compañía de Seguros de Vida Chile
Inversiones Marchigüe
Chilena Consolidada Seguros de Vida
Parque Arauco
Hispano Chilena de Inversiones
Piedra Roja Desarrollos Inmobiliarios
Grupo HMAN
Inmobiliaria Bricsa
La Cruz Inmobiliaria y Constructora
Inmobiliaria Indumotora
Asesorías Civilia
Echeverría Izquierdo Inmobiliaria y Constructora
Nieves Andina
Grupo Trade Center
Work highlights
- Advised Metlife Chile Seguros de Vida on a financing to Fondo de Inversión ASSET Rentas Residenciales for the purchase of Paso El Roble Building in La Florida, Santiago.
- Advised Compañía de Seguros Confuturo of Inmobiliaria Marbella F-30 on a financing operation, via a lease of a shopping centre.
- Advised Inversiones Marchigue on the execution and development of the Pan American Village during the Santiago Pan American and Parapan American Games.
Guerrero Olivos
Consisting of ‘good partners and associates that are capable of resolving complex issues’, Guerrero Olivos' seven-member real estate team is consistently mandated by major developers, construction companies, investment funds and asset managers. It has notable industry expertise in retail, mining, and food and drink; and representative experience for the group includes significant real estate transactions, financings and leasings, as well as real estate asset management and project development. The full-service practice also assists with a wide range of regulatory and permitting issues, in addition to real estate litigation; and its assistance on real estate projects includes letters of intent for site acquisitions, construction contracts and the eventual sales of units. The department is led by firm managing partner Martín Santa María, who specialises in project development, construction, real estate regulatory work, and the acquisition and sale of real estate projects. In a boost to the practice, real estate law expert Tomás Rosemary, an adviser on site transactions, project acquisitions, title reports, real estate financing, leasing contracts, and real estate litigation, was promoted to partner in January 2024. At senior associate level, Macarena Montt's real estate workload encompasses due diligence processes, real estate developments, construction and developers’ day-to-day matters.
Practice head(s):
Martín Santa María
Testimonials
‘The team is always available and responds quickly, especially in emergencies.’
‘They successfully help clients with critical issues.’
‘Appreciated for the closeness of its people while at the same time maintaining professionalism.’
‘Dedicated, professional lawyers with experience in the matters entrusted to them.’
‘Good partners and associates that are capable of resolving complex issues.’
Key clients
Macquarie Group/GLL
CBS Real Estate Developer
Inmobiliaria Box
Aramco
Falabella Inmobiliario
Trayecta Inmobiliaria
Inmobiliaria Absal
CIMENTA
Elemental
Inmobiliaria Hudson
Agrícola GU Real Estate Developer
ENACO
Cordada
P&G Larraín
SMBC
BNP Paribas
Patagonland
Work highlights
- Advised Macquarie Group on the acquisition from Euroamérica Insurance Company of 51% of the Euroamerica Class A Building in Santiago.
- Advised CBS Real Estate Developer on 10 residential projects.
- Advised Elemental, an architectural firm, on the regulatory framework for the application of industrialised construction processes to social housing projects.
MBC Abogados
‘Distinguished by the exceptional quality and competence of its team’, MBC Abogados’ 13-strong department advises major real estate companies on matters all over Latin America (and beyond). Acting for real estate managers, investment funds and developers, the team handles significant real estate acquisitions and sales, as well as residential, industrial and commercial real estate project development. The group recently advised real estate developer and manager Greystar Chile on its purchase of an approximately $72m residential and commercial real estate project. It also acted for a Uruguayan company on a promise-of-sale (and subsequent purchase-and-sale) agreement for a commercial property. The department is jointly led by Carolina Menichetti, Ignacio Bolelli and Benjamín Salas, whose broad practices cover real estate development and financing work, as well as M&A, asset sales and purchases, and corporate and individual restructuring. Providing key support at senior associate level, Francisca Rodríguez's workload encompasses land use, building permits, title reviews, sales, purchases and leases, as well as construction contracts and mergers and subdivisions; the broad expertise of Josefina Durán, who is ’very clear and always available’, includes asset purchases, association agreements and joint ventures; and Sybil O’Reilly is also experienced in real estate development.
Practice head(s):
Carolina Menichetti; Ignacio Bolelli; Benjamín Salas
Testimonials
‘Excellent work, knowledge of the market, availability and clarity in a very approachable manner.’
‘They know the commercial and tax aspects of the real estate business very well.’
‘Great experience in this area.’
‘Thorough management of real estate-related commercial, technical and tax issues.’
‘Distinguished by the exceptional quality and competence of its team. They provide a very complete service and handle assignments efficiently and effectively.’
‘Always up to date with the latest trends, so they are able to identify the needs of the client. Creative solutions to legal obstacles that are both fast and effective.’
‘Carolina Menichetti, Benjamín Salas and Francisca Rodríguez have deep knowledge of the sector, which allows them to provide a high-quality service for real estate matters.’
‘Josefina Durán is very clear and always available.’
Key clients
Rentas Patio I
El Morro
Desarrollos Comerciales
Greystar Chile
Chablis International
LV Patio Renta Inmobiliaria I
Work highlights
- Advising Greystar Chile (as purchaser) on the negotiation and execution of the purchase of a residential and commercial real estate project.
- Advised the sellers, Rentas Patio I, Patio Comercial and Desarrollos Comerciales, on the sale to Inmobiliaria of three properties in Pucón, Peñalolen and Antofagasta.
- Advised Rentas Patio VI on the acquisition of a gas station in the commune of Puerto Varas, Los Lagos Region.
CEPD
The ‘extremely dedicated’ real estate and infrastructure practice at CEPD has notable experience in the residential, commercial, industrial, agricultural, hospitality and social housing sectors. Acting for developers, investors, leasers and lenders on the gamut of real estate matters, the department covers project structuring and financing, special purpose vehicles, and asset purchase and sale-related due diligence. The mid-sized firm’s nine-strong team also assists with the day-to-day management of real estate projects; and additionally houses expertise in real estate-related M&A, and the reviewing of easements, titles and leases for infrastructure project developments. Recent highlights include acting for GSI Capital on the acquisition and development of three industrial and logistics real estate projects. The team is co-led by founding partner Antonio Dittborn, who predominantly focuses on the structuring and development of residential, commercial and industrial real estate projects, along with concessions, public works infrastructure, and engineering and construction projects; and real estate, construction, infrastructure and finance specialist Sebastián Aninat, who has ‘extensive knowledge of the real estate sector’. Providing notable support at associate level, Camila Aranda works alongside Dittborn on real estate and financing matters; and real estate and infrastructure project development practitioner Sofía Lama is ‘an extraordinary lawyer who is highly recommended’.
Practice head(s):
Antonio Dittborn; Sebastián Aninat
Testimonials
‘A young, versatile team with extensive knowledge in all legal areas.’
‘Clients have nothing but good words for this team.’
‘Things that clients value a lot about the team are the great availability, the quality of the documents, the speed and efficiency of the service, and the level of concern throughout the entire process.’
Key clients
ENEA
DLS
GSI Capital
IFB
Inmobiliaria Brick
Inmobiliaria San Patricio (Empresas Melón)
Falabella Inmobiliario
Inmobiliaria Triangular
ECOMAC
Empresas MAS
Patagon Land
Patagonia Virgin
Inmobiliaria ICAAD
Inmobiliaria GDI
Blue Home
AMPLO
Inmobiliaria ICOM
Termas Del Sol
Espacio Urbano
Inmobiliaria Comosa
Avenida Realty
Tres Cruces Gestión Inmobiliaria
Águila Capital
Inversiones Castilla
Inmobiliaria Frutillar
Inmobiliaria Prodelco
Elqui Partners
Inmobiliaria BOUZANS
Inversiones y Asesorías EVA
Agrosonda
Big Sur Energy
Acciona
Oxiquim
Logicfashion
Goldenfrost
Inmobiliaria y Asesorías EVAS
EBCO Energía
Work highlights
- Advised GSI Capital on the acquisition and subsequent development of three industrial and logistics real estate projects.
- Advised DLS on the development of an industrial and logistics real estate project, including a long-term lease agreement with La Polar as lessee.
- Advising ENEA on a day-to-day basis, the assistance including purchases and sales of real estate assets.
Cariola Díez Pérez-Cotapos
Cariola Díez Pérez-Cotapos' 'real estate team has vast experience and excellent knowledge’. The eight-strong department routinely handles major real estate M&A transactions (including due diligence), such as the purchase and sale of shopping malls, office buildings and utilities’ real estate assets. The full-service practice is also mandated to advise on real estate greenfield projects, in relation to industrial plants and large data centres, as well as to assist with the regulatory aspect of urbanisation law and territorial developments. The team is additionally experienced in construction issues (including the contractual closing of projects), in addition to long-term lease agreements. The practice is led by highly-rated partner Juan Pablo Matus, whose enviable real estate projects expertise covers shopping mall, industrial, office and residential developments. Matus also acts for foreign investment funds on the purchase and sale of major real estate assets, and assists retail companies with the negotiation of long-term lease agreements for stores and shopping malls. In the firm’s associate team, Daniela Fierro routinely advises on title reviews, land use and building permits, sale, purchase and lease agreements, and contracts for the construction, engineering and administration of projects; and Daniel Washington and Valentina Pinto also maintain busy real estate practices.
Practice head(s):
Juan Pablo Matus
Testimonials
‘The knowledge of clients’ business means that every new thing they want to do starts from a solid base, which makes everything much more efficient.’
‘Trust in the Cariola team is total. Great people and great professionals who are highly proactive.’
‘Always willing to help, and answer questions quickly and kindly.’
‘Helps with various processes effectively and efficiently.’
‘The handling of content is exceptional, always guiding and supporting clients towards the best possible result.’
‘They are up to date with everything concerning business, the people are excellent, and everything runs smoothly.’
‘They all have exemplary real estate knowledge.’
‘The Cariola real estate team has vast experience and excellent knowledge of this area. In addition, they are trained to update, deepen and perfect their knowledge. Their advice is complete and has a competitive advantage over other firms.’
Key clients
Ripley Corp
Soprole
Maersk Group
Deceuninck Sud América
Río King
Doppelmayr-Garaventa Group
Banco Ripley
Kankura
Contreras y Compañía
Levi Strauss Chile
Work highlights
- Advised Ripley Corp on the real estate and corporate aspects of the sale to Mall Plaza of its ownership in shopping mall company, Nuevos Desarrollos.
- Advised Rio King on the structuring, negotiation and sale of three real estate properties comprising over 416 hectares (for agricultural use).
- Advised Maersk on real estate issues.
Larrain y Asociados Abogados
Fielding ‘a multidisciplinary team that is very experienced’, Larrain y Asociados Abogados's seven-strong real estate department acts for developers, sponsors, buyers, sellers and lenders on real estate transactions and project development. Its expertise covers due diligence, financing and M&A (via both asset deals and share deal structures). The group also assists educational and non-for-profit organisations on the acquisition of land for schools, as well as for social benefit and charitable activities. Comprising experts in tourism, hotels, housing and forestry, along with agricultural, conservation, industrial and renewable energy project development, the practice is particularly well known for its infrastructure and construction sector specialism. The group is also increasingly active in relation to commercial properties, such as cinemas, gas stations and malls. The team is co-led by real estate and litigation expert José Pedro Baraona and ‘excellent lawyer’ Juan Carlos Bulnes, whose real estate credentials cover the agro-industry, conservation and tourism sectors, as well as urban developments and state-owned property-related developments. The practice further includes Juan de Dios Ferrada, an adviser on real estate developments and acquisitions. At associate level, seniors José Spoerer and Manuel Larrain both maintain notable real estate practices, while Michelle Inzunza is experienced in rural developments.
Practice head(s):
José Pedro Baraona; Juan Carlos Bulnes
Testimonials
‘Full availability 24/7 to respond to clients’ requirements. Partners get involved in all processes.’
‘Partners and a team who have a pro-business and conciliatory outlook, and they always act in the client’s interest.’
‘A multidisciplinary team that is very experienced and concerned about clients – highly recommended.’
‘A team that supports clients on specific issues, with extensive experience in several areas.’
‘Juan Carlos Bulnes is an excellent lawyer.’
Key clients
NCH Hoteles
Inmobiliaria Tecton
Work highlights
- Advising Inmobiliaria Tecton on the development of mixed residential and commercial projects.
- Advising NCH Hoteles on hotel asset acquisitions, as well as during the course of its ordinary business.
- Advising Cameron, which owns a 100,000-hectare property used for livestock business, on real estate rental agreements, sale transactions and contract drafting (among other matters).
Marinovic & Alcalde Abogados
‘With exceptional commitment and outstanding client orientation’, Marinovic & Alcalde Abogados’ ‘real estate team is at the level of the most prominent legal firms in the country’. The firm’s ten-strong practice has longstanding experience in construction, land parcelling, lot divisions, land use changes, and urban planning and development. The group is also sought out to advise on concessions, expropriations, property easements, water rights, environmental issues and permits, as well as regulatory matters, social housing developments, real estate litigation, and M&A involving real estate assets. The group’s principal practitioners are Juan Carlos Méndez, who has ‘recognised experience in real estate issues’, and is a specialist in the acquisition and sale of real estate assets, such as residential, commercial, office, social housing, and mixed-use retail properties; and ‘great lawyer’ Domingo Edwards, a corporate, real estate, zoning and financing expert, who assists with the project developments of retailers, insurers, investment funds, family offices, and construction and real estate companies. In the firm’s associate team, Iván Torrealba is an April 2023 recruit from Prieto Abogados, who is experienced in real estate, urban planning, project development and regulatory matters; while Francisca Gatica advises on large real estate project developments. Former associate Laura Salazar departed the firm in January 2024.
Practice head(s):
Juan Carlos Méndez; Domingo Edwards
Testimonials
‘Able to detect the client’s needs and interests, and always are up to date with legal reforms that impact business.’
‘The real estate team is at the level of the most prominent legal firms in the country, with exceptional commitment and outstanding client orientation.’
‘Provides comprehensive, creative and innovative legal solutions. ‘
Key clients
Boetsch Group
Cencosud
CCLA Group
Magal Group
Independencia AGF
Circulo Empresas
Moncuri Group
Belfi
Renval Grupo Inmobiliario
Punta Blanca Grupo Inmobiliario
Work highlights
- Advised Cencosud on the opening and commencement of operations of its Spid premises.
- Advised Boetsch on multifamily projects.
- Advised Magal on the development and sale of housing projects.
Philippi Prietocarrizosa Ferrero DU & Uría
The ‘highly trained and experienced’ team at full-service international firm Philippi Prietocarrizosa Ferrero DU & Uría acts across a broad array of real estate projects and transactions. The group’s expertise ranges from residential condominiums, apartment buildings, office complexes and shopping centres, to urban and rural hotels and developments. The firm is also home to experts in tendering offers, joint ventures, purchase and sale agreements, ownership title studies, and the incorporation of real estate companies. The practice group additionally advises on construction agreements, condominium regulations, mixed-use projects and hotel management contracts. Recent mandates include advising Territoria Apoquindo on the negotiation of a long-term lease agreement with Metlife for six floors of a mixed-use building. The group is led by the ‘smart, resourceful and knowledgeable’ José Tagle
, whose real estate transactional practice encompasses residential projects, office buildings, hotels, shopping centres, multi-family projects, and agricultural real estate investments. Tagle's experience also covers real estate investment funds, urban law and corporate real estate. At associate level, principal Cristóbal Uriarte, who is ‘creative when looking for solutions’, advises on high-stakes real estate projects and M&A deals; and senior Macarena Gaitán regularly assists with residential projects, office buildings, mixed-use developments, and agricultural and forestry sector real estate investments.
Practice head(s):
José Tagle
Testimonials
‘The team has very quick responses to requests.’
‘Strong market knowledge. Compared to other offices, they are much more efficient.’
‘They are fast, know the market very well, and look for solutions instead of hindering negotiations.’
‘They stand out for their great teamwork. Highly trained and experienced.’
‘Knowledgeable, ethical, caring and effective.’
‘José Tagle is a caring, ethical, smart, resourceful and knowledgeable attorney.’
‘‘José Tagle gets things done. He is honest and his advice is solid. He knows all the players and always has clients’ backs. ’
‘Cristóbal Uriarte – as a lawyer he is very proactive, and always on top of his deadlines and responsibilities to other parties. Creative when looking for solutions and careful not to make mistakes.’
Key clients
Abu Dhabi Investment Authority (ADIA)
Deka Inmobiliaria Chile One
DWS | Rreef Management
Abercrombie & Kent
Corporacion Nacional Del Cobre De Chile (Codelco)
Anglo American
Forest Investment Associates
Credicorp Capital
Cytec Chile
Territoria Apoquindo
Jamestown
Hoteles City Express Chile
Inmobiliaria Casa De Italia
Hotel Corporation Of Chile (Mandarin Hotel Santiago)
Penta Las Americas Administradora General De Fondos
The Walt Disney Company
Inmobiliaria Duero
Grupo Urbana
Cbre Chile
Orica Chile Distribución
Desarrollos Inmobiliarios
Sanavi
Corpgroup Activos Inmobiliarios
Turismo Rio Manso
Work highlights
- Advised joint venture ADIA/ Territoria on the negotiation, due diligence, acquisition and subsequent leasing of a building owned by ENEL in Santiago.
- Advised Deka on the negotiation and structuring of a lease.
- Advised Territoria Apoquindo on the negotiation of a long-term lease agreement it entered into with Metlife.
Baker McKenzie Chile
Baker McKenzie Chile’s ‘excellent lawyers’ in Santiago have notable expertise in agribusiness, medical cannabis facilities and religious organisations. The real estate group advises on buy-side due diligence in relation to ownership, environmental and tax issues, as well as regarding credit agreements. The team also assists with construction agreements, permits and authorisations, as well as preparing property for sale. The practice is led by of counsel Andrés Wagner, who focuses on property development, along with hotel, hospitality and tourism industry-related work. At associate level, Maria Elena Dörr advises on real estate development and agriculture projects; Javiera Velasco Tocornal is a 2023 recruit from Fernandez & Barros Abogados; and Francisco Nualart departed the firm in August 2023.
Practice head(s):
Andrés Wagner
Testimonials
‘Excellent lawyers.’
‘A team that understands business and clients’ objectives very well.’
‘Focuses on obtaining the best results in line with the client’s strategy.’
Key clients
Mattel
Credicorp
Avenida
GrowforChile
Rentas Inmobiliarias Security – Fénix REIT
Cencosud
Stanley Black and Decker
Bimbo
Bain Consulting
Mattel
Work highlights
- Assisted retail operator H&M with its local real estate contracts.
- Assisted Cencosud with reviewing the titles of a set of properties worth over $120m.
Barros Silva Varela & Vigil
‘One of the most versatile, flexible, dynamic and talented firms on the market’, Barros Silva Varela & Vigil's seven-member team handles the planning stages of real estate projects, as well as their financing, corporate issues and tax structuring. It also advises on construction and co-ownership contract negotiations, unit sales and construction liability issues. The practice additionally has notable expertise in urbanisation and environmental regulations. The team is led by José Joaquín Silva, who ‘has extensive knowledge in real estate matters’. At associate level, senior Marcela Horzella focuses on urban regulations and territorial planning, while the more junior Felipe Van Der Wyngard advises on real estate transactions; former senior Soledad Marín left the firm in mid 2024.
Practice head(s):
José Joaquín Silva
Testimonials
‘The BSVV real estate team is very strong. They make clients feel that they are very important to them.’
‘They are very experienced, and clients can see that client service is very important to them.’
‘The BSVV real estate team is first-class. They have great knowledge of the stakeholders in this area, and it is clear that there is planning, strategy and study behind their work.’
‘One of the most versatile, flexible, dynamic and talented firms on the market.’
‘A multidisciplinary team that is able to solve different problems that are associated with projects.’
‘José Joaquín Silva works in a very professional manner, and with clarity and efficiency when delivering what is required.’
‘José Joaquín Silva’s main quality is in giving clients the confidence that he is doing the job in the best way possible, which is a product of his extensive knowledge in real estate matters.’
‘José Joaquín Silva is noted for his ability to listen, understand and interpret clients’ various questions and proposals.’
Key clients
Independencia – Investment Fund
Inmobiliaria Tepual
Inmobiliaria Ingevec
Inmobiliaria Ilumina
Papa John’s
Joint Ventura Marchigüe – Ingevec
Inmobiliaria Ciclos
Inmobiliaria Inspira
Grupo Avenida Realty
Patria Investment
Statkraft
Constructora Cumbres
Legría
Phoenix Tower International
Work highlights
- Advising Inmobiliaria Ciclos and Ingevec on the restructuring of two bankrupt housing projects.
- Advising Inmobiliaria Inspira on the merger of two condominium lots into another condominium, in order to maximise the use and construction potential of the property.
- Advised Inmobiliaria Ingevec on the acquisition of five companies, which own five real estate projects in different areas of the country.
Clyde & Co
The real estate practice in Clyde & Co‘s Santiago office encompasses real estate financing and conveyances, along with construction agreements and advice on joint ownership regulations. The team also assists with property management issues (including lease drafting) and property regularisations. The department’s principal advisers are Arturo Pino, who advises domestic and foreign clients on the acquisition, development and financing of real estate projects involving shopping centres, power plants, and office and residential buildings; and Hugo Prieto, whose experience includes the acquisition, financing, leasing and sale of properties, as well as due diligence processes.
Practice head(s):
Arturo Pino
Testimonials
‘They put all their resources and creativity into their work.’
‘Precision, attention to detail and creativity.’
Key clients
Sociedad Agrícola y Ganadera Los Pellines
Elevation Investments
Inmobiliaria Inersa
Inversiones e Inmobiliaria El Rosal (Movicenter)
Asesorías e Inmobiliaria Froimovich
Cowork Labs
Fundación de Conservación Tierra Austral
Work highlights
- Advising Inmobiliaria Inersa on the development and operation of its real estate matters.
- Advising Movicenter on the drafting and revising of lease contracts (among others).
- Advising Froimovich on an ongoing basis.
CMS Carey & Allende
CMS Carey & Allende‘s real estate practice is particularly focused on urban and infrastructure developments, as well as regulatory work. The team’s expertise covers zoning issues, pipeline developments and power lines, along with expropriation procedures and the regularisation of industrial plants’ property titles. Clients further turn to the group for administrative litigation, regulatory compliance, and to obtain permits and licences. The firm’s real estate, construction and public and regulatory law practices are led by Pabla Gaínza, an adviser on urban planning, zoning, easements, expropriation processes and the regularisation of real estate assets. Senior associate Karin Muñoz departed the firm in April 2024.
Practice head(s):
Pabla Gainza
Testimonials
‘The relationships with clients are very close and the collaboration is expeditious – they are always there when clients need them.’
‘Great personal skills – one of the best real estate teams in the country.’
‘Pabla Gainza is an exceptional lawyer.’
‘Pabla Gainza has the ability to apply theory in a simple way so as to solve specific problems that arise.’
‘Pabla Gainza accompanies the client until all challenges are completely resolved.’
‘Pabla Gainza – a lawyer with a business perspective who understands the industry very well in every sense.’
‘A very competent team, led by Pabla Gaínza.’
‘Pabla Gainza is a real estate expert, who applies her criteria very well to achieve the best results for all parties.’
Key clients
Banco Santander Chile
Antofagasta Railway Company
AKI KB Minibodegas
The Church of Jesus Christ of Latter-Day Saints
Proyectos de Padel Chile
Marbella Chile
Agricola Vertical
Hacienda Inmobiliaria
Kineret Inversiones
Bioplastic
Work highlights
- Advised Navegante Américo Vespucio on construction-related contracts.
- Advised Proyectos de Padel Chile on the drafting of contracts, and submissions to the Municipal Department of Public Works and the Regional Office of the Ministry of Housing and Urban Planning, in relation to the development of five padel court facilities.
- Advised Hacienda Inmobiliara on the resale of 350 plots.
Garrigues Chile
The track record of Garrigues Chile's five-member group includes the acquisition of properties for supermarket chains, including multifamily and commercial buildings, as well as the regulatory aspects of land purchases for retail and industrial projects. The team is led by José Miguel Rioseco, an adviser to companies and investment funds on residential real estate, offices, shopping centres, hotels and tourism, including urban planning, structuring and financing aspects. At associate level, principal Eduardo Tirado, and seniors Catalina Berrios Vergara and Macarena Lagos Soza, all assist with real estate mandates. Former partner Luis Eduardo Correa and senior associate María Cecilia Morandé both left the firm during 2023.
Practice head(s):
José Miguel Rioseco
Testimonials
‘Highly qualified team with in-depth knowledge of the real estate industry.’
‘Great level of dedication with which they serve clients.’
Key clients
Asset Chile
Exportadora Rancagua
Inmobiliaria Santiago
Ameris Desarrollo Inmobiliario
Inmobiliaria JY
Trendy
Nala
Inmobiliaria Matiz Cavancha
Nahmias Inversiones
Reserva Tehualda
Grupo Loga
Work highlights
- Advising SMU on the acquisition of 10 properties.
- Advising SMU on the regulatory side to the acquisition of land for a retail project.
- Advised the buyer, ASSET Chile Fondo Renta Residencial, on the acquisition of a building from Conquista Group.
Maira Vial Abogados
The nine-member practice at Maira Vial Abogados advises on the gamut of real estate matters. The group’s expertise covers purchase and construction agreements, contracts with gas and sanitary companies, and due diligence work. It also encompasses M&A, real estate companies’ ongoing corporate issues, project finance and project-related permits. The practice additionally assists with the sale and leasing of completed housing and apartment units. The practice is led by founding partner Esteban Maira, an adviser on commercial property acquisitions and residential lease negotiations. At associate level, Macarena Reyes Palacios and María Fernanda Abarca round out the team; former senior Stefano Fagetti departed the firm in September 2023.
Practice head(s):
Esteban Maira
Key clients
Isiete Grupo Inmobiliario
AVLA
Icuadra
Grupo VIAS
Huella
Los Conquistadores
Cassa Estudio
Refleja
Ilumina
Volcom Capital AGF
Work highlights
- Advised Isiete Grupo Inmobiliario on the acquisition of land to build real estate projects.
- Advised Huella on the acquisition of land to build real estate projects.
- Advised AVLA on high-value project financings.
Urenda, Rencoret, Orrego y Dörr
Urenda, Rencoret, Orrego y Dörr's five-strong real estate and construction team advises on real estate project developments, including due diligence work, and the negotiation of joint venture, purchase and construction agreements. It also assists with project financing, the obtaining of administrative authorisations and real estate property sales. The group is co-led by Gonzalo Errázuriz, who assists with a wide range of real estate issues; and Felipe Rencoret Portales, who acts on real estate matters, alongside banking and finance (including project finance) mandates. Associate Andrés Siles is also a key real estate and construction team member.
Practice head(s):
Gonzalo Errázuriz; Felipe Rencoret Portales
Key clients
Echeverría Izquierdo
Inmobiliaria Valle Grande
AGSA (Inmobiliaria Santa Elena)
Grupo Marina
Nueva Costanera Participaciones
Inmobiliaria Parque Embajadores
Inmobiliaria Parque Bicentenario
Inmobiliaria Santa Sofía
Inmobiliaria Santa Inés
Inmobiliaria Mirador Barón
Inmobiliaria Mackenna 60
Inversiones Lastarria
Inmobiliaria Triángulo
Inmobiliaria Triángulo Dos
Inmobiliaria e Inversiones Paseo Prat
Rentas Angamos
Inmobiliaria Las Colonias
Inmobiliaria Puerta Pacífico
Agrícola La Palma
Habitas Group
Work highlights
- Advising Inmobiliaria Santa Sofía on the development of a real estate project called Mirador Santa Sofía.
- Advising AGSA on the development of a 1000-plus hectare urban real estate development.
- Advising Inmobiliaria Valle Grande on the development of a 660- hectare real estate project in Santiago, including over 20,000 houses, a large crystal water lagoon, and schools (among others).
Álamos Álvarez y Aldunate
Following the May-2024 merger of Álamos Álvarez y Squella and Áldunate | Álvarez Abogados, the newly combined entity is known as Álamos Álvarez y Aldunate and fields an ‘extremely rigorous’, 12-strong team that advises a range of clients including insurers, family offices, real estate companies, real estate developers, construction companies and their suppliers, and investment funds. It's broad sector expertise ranges across residential, commercial, mixed-use and industrial developments, as well as multifamily rentals, urban subdivisions, land divisions, and both tourism and infrastructure projects. Real estate, corporate law and capital markets specialist Felipe Álvarez, whose ‘business outlook makes him an exceptional project leader’, co-leads the practice with Mario Áldunate and Juan Pablo Álvarez, both of whom have over ten years multidisciplinary real estate industry experience handling matters ranging from complex transactions to day-to-day issues and requirements.
Practice head(s):
Felipe Álvarez; Mario Áldunate; Juan Pablo Álvarez
Testimonials
‘Great for the technical capacity and energy they put into each job.’
‘It is clear that they are a young and agile office and that they are extremely rigorous.’
‘This firm stands out greatly for its understanding of clients’ needs.’
Key clients
BICE Vida Compañía de Seguros
BICE Administradora General de Fondos
Singular Asset Management Administradora General de Fondos
Compañía de Seguros Confuturo
Seguros Vida Security Previsión
BICE Hipotecaria Administradora de Mutos Hipotecarios
Desarrollo País
Inmobiliaria Numancia
Inversiones Marchigue
Inmobiliaria FG
Grupo Inmobiliario Max
BICE Renta Urbana
Embalajes Troya
Desarrollos Inmobiliarios
Inmobiliaria Sur Monte
Asset Plan Asesores de Inversión
Empresa Constructora Mena y Ovalle
Inmobiliaria San Patricio
Agrícola Los Mayos
PROPIO
Inversiones Licancabur
Boetek
Cobre y Metales
Lucas Blanford
Auténtica Inmobiliaria
Bofill Mir Abogados
With ‘a very commercial vision’, Bofill Mir Abogados' 15-strong real estate practice handles all stages of real estate projects. Spanning both transactional and regulatory work, its expertise ranges from the negotiation of construction-related financing agreements, to ongoing advice on daily real estate operations. The group is led by corporate law specialist Ana María Yuri, who ‘has a lot of experience in complex negotiations’, and whose workload encompasses real estate, construction and projects.
Practice head(s):
Ana María Yuri
Testimonials
‘They have a very commercial vision, and are able to take business perspectives beyond the legal issues and adjust to the demands of the negotiations.’
‘They have very good experience, knowledge and a track record in real estate matters.’
‘They have a good team that is capable of addressing the different facets of the real estate business.’
‘Ana María Yuri has a lot of experience in complex negotiations.’
Key clients
Neorentas
Ecomac
Bice Vida Compañía de Seguros
Work highlights
- Advising Neorentas on its daily real estate matters.
- Advising Ecomac on the negotiation and structuring of a SPV (Inversiones Ecomac Norte 8), which will develop a residential project in the Coquimbo region.
- Advised Bice Vida (and its subsidiary company and vehicle), in relation to a real estate development project.
Correa Squella
The ‘compact and well-prepared team’ at Correa Squella advises on national condominium project-related financings, as well as educational, mining, religious, agricultural, energy, port and forestry infrastructure facilities. It also regularly assists with real-estate related dispute resolution, compliance procedures and crisis management. The real estate and corporate practices are both led by Carolina Squella, a specialist in housing, urban and public infrastructure development projects. Key support at associate levl is provided by Cristóbal Mackenna, who advises on real estate developments and urban planning, and Magdalena Ramsay, also a key team member.
Practice head(s):
Carolina Squella
Testimonials
‘A compact and well-prepared team, with good teamwork and concrete anticipatory actions.’
‘Technically very well prepared, with a lot of empathy for clients and their problems.’
‘Very professional in their opinions, as well as being pleasant and friendly.’
Key clients
Vientos de Renaico
Cousiño Real Estate Holding
Viña Cousiño Macul
Sociedad Minera El Águila
Statkraft
Empresa Eléctrica Pilmaiquén
Saffco Forestal
Universidad Adolfo Ibáñez
Sugal Chile
Olivos Ruta del Sol
Parque Eólico Piedra Amarilla
Agrícola Puente Alta
Forestal Probosque
Factor Energía
Work highlights
- Advised Cousiño Real Estate Holding on the development of a real estate housing project.
- Advised Vientos de Renaico on the financing, planning, execution and sale of four wind farms in southern Chile.
- Advising Inmobiliaria Crillón on real estate developments.
DLA Piper Chile
DLA Piper Chile's Santiago office advises on national and international real estate projects in the industrial, energy, commercial, housing, hotel, educational and health sectors. Its assistance covers regulatory, taxation, and urban planning and land issues, as well as financings, title reviews, land purchases, long-term lease agreements, and mergers and subdivisions. The team is also notably experienced in construction contracts. The group is co-led by founding partner Rodrigo Álvarez (who also co-heads the tax practice); and counsel and real estate and corporate law expert, Bernardita Doren.
Practice head(s):
Rodrigo Alvarez; Bernadita Doren
HD Legal
Home to ‘a team of lawyers with very strong expertise’, HD Legal’s real estate practice advises both domestic and foreign clients on real estate developments, financing and construction. The group’s experience covers real estate investment structuring, the incorporation of development and investment vehicles, title searches, land purchases and project sales. The team is led by Juan Ignacio Peña, a specialist in real estate, project finance, and engineering and construction. The associate team experienced the departures of senior Andrea Alarcón, Antonia Vial and Javiera Lira in October 2023, and January and March 2024, respectively.
Practice head(s):
Juan Ignacio Peña
Testimonials
‘A team of lawyers with very strong expertise – highly trained and with the resources to allow them to achieve clients’ objectives.’
‘Very good professionals, who are committed and motivated to collaborating with clients’ requests.’
‘A team that has experience, and produces serious and creative work.’
‘Juan Ignacio Peña stands out in this practice – extensive experience in this space.’
Key clients
Santander Asset Management Chile
Inversiones Sam Dos
Fynsa AGF
Nevasa AGF
Vantrust Capital AGF
Zurich Chile Asset Management AGF
Inmobiliaria Icalma (KMA Asset Management)
CFB Homes
Inmobiliaria del Inca
Inmobiliaria JMI
HMC
Buydepa
Inmobiliaria Manquehue
Inmobiliaria Imagina
Toesca Asset Management
Inmobiliaria SCL Apoquindo
Work highlights
- Advising Santander Asset Management Chile on the structuring side to an investment fund.
- Advising CFB Homes on the development of residential and rental real estate projects.
- Advising Vantrust on a mezzanine and financing structure for Suksa Group.
Jara Del Favero Abogados
Jara del Favero Abogados’ expertise in real estate projects covers planning, financing, title opinions, land purchases, and regularisation issues in rural and urban areas. The team also assists with building permits (and other administrative procedures), construction, sales contracts and leases. The real estate and M&A departments are led by Sven Herlin, whose wide-ranging practice includes advising international real estate companies on their investments in Chile; and real estate project specialist Julio Trucco, who was promoted to partner back in early 2023.
Practice head(s):
Sven Herlin; Julio Trucco
Key clients
Itahue Raíces
Fucs Gestión Inmobiliaria
Inmobiliaria Las Frutillas
Coterranea Grupo Inmobiliario
Inmobiliaria Candelaria Goyenechea
Inmobiliaria Caracoles
Siom
Puerto + Arquitectura
Ararat
Tango Administración
Inmobiliaria Rodó
Petra
Agrícola Laberinto
Inmobiliaria Bilba
Work highlights
- Advised Petra on its entry into Grupo Patio via the purchase of shares.
- Assisting Itahue Raíce with the development of different projects, including the planning, financing and land purchases for the construction of buildings in Providencia, Vitacura.
- Advising Inmobiliaria Las Frutillas on the development of a real estate project in Zapallar.
Morales & Besa
The real estate and construction team at full-service firm Morales & Besa advises on a range of real estate and infrastructure projects, its assistance covering both transactional and regulatory aspects. The team is additionally experienced in the drafting, negotiation and litigation of construction agreements. Clients also notably benefit from the group’s leveraging of the firm’s regulatory, tax, M&A, energy, and banking and finance expertise. The team is led by Macarena Laso, an adviser on real estate, construction, corporate law and PPPs; while senior associate Carolina Stalder assists with land-related agreements.
Practice head(s):
Macarena Laso
Key clients
ENEL Group
Enel Green Power
Constructora Ingevec
Patagonia Ventures
Patagonia Ventures Chile
Global Infrastructure Partners
Scotiabank Chile
Sonnedix Chile
Work highlights
- Assisted Enel Group with the preparation, analysis and negotiation of the sale of Enel’s corporate building to Inmobiliaria Territoria.
- Advised Enel Green Power Chile on the preparation, negotiation and signing of a development contract and a lease agreement.
- Advised Global Infrastructure Partners on the amendment of a shareholders’ agreement, share purchase agreements and disclosure schedules.
Prieto Abogados
Prieto Abogados’ ‘solid team has clients’ complete trust’. The firm’s three-member real estate department advises on the acquisition, development and construction of real estate projects. Its expertise covers due diligence processes, tax planning, financing and land use, as well as the environmental, construction and urban planning aspects associate with real estate activity. Fernando Samaniego assists with the arbitration and litigation of infrastructure and real estate disputes; while the real estate practice of director and ‘top-drawer’ practitioner Alejandra Bañados focuses on the retail, energy, construction and housing sectors. At associate level, Benjamín Vicuña I is ‘a very detailed and efficient lawyer’.
Practice head(s):
Alejandra Bañados
Testimonials
‘Knows the regulations very well.’
‘They work as a team, are up to date, and give clients the security that they have understood their issues from all angles.’
‘The team is very capable, attentive to detail and available.’
‘Precise and detailed work that stands out.’
‘Prieto Abogados stands out from other firms. The solid team has clients’ complete trust. Constantly up to date.’
‘Alejandra Bañados follows up on clients’ issues very well, and manages to lead a studious team that is focused on accurate work and attentive to details.’
‘Alejandra Bañados is a top-drawer lawyer. She has a profile that means working with her is very pleasant – she has all the necessary knowledge, understands the market, and knows how to convey the needs of clients. Clients fully trust her work.’
‘Benjamín Vicuña I is a very detailed and efficient lawyer, who fulfils the requests made in a timely manner,.’
Key clients
Moneda Renta CLP Fondo de Inversión
Equinox Los Andes
Concha y Toro
Engie Energía Chile
Sociedad Agrícola Huechuraba
Agrícola Nueva Huechuraba
Automotora Gildemeister
Delivery Hero Stores Chile
Mall Plaza
SBA Communication
Delivery Hero Stores Chile
Work highlights
- Assisted Moneda (Administradora General de Fondos) with negotiations with Inmobiliaria Walker Martinez for the provision of a loan.
- Assisting Equinox Los Andes, which serves as the representative of Nike in Chile, Peru, Bolivia, and Ecuador, in relation to a shopping centre-related lease agreement.
- Advised Viña Concha y Toro on the negotiation of a construction contract for a twenty-floor housing building in La Cisterna, Santago.