Lauded as the ‘smartest, most creative, hardest working’ and the ’best real estate practice in Mexico’, the team at Creel, García-Cuéllar, Aiza y Enríquez, S.C. is a strong choice for all manner of real estate mandates. Key areas of expertise for the group include the acquisition, leasing, and transfer of real estate assets located in Mexico; the development, management and operation of real estate projects; and the regulatory aspects of direct and structured investment in industrial, retail, commercial, residential, and hospitality real estate properties. The team is also equipped to handle permitting and zoning mandates, as well as joint ventures and fund formation for real estate funds. Local and multinational developers, investors, tourism and hospitality companies, along with CKDs, CERPIs and FIBRAs, routinely feature on the group’s client roster. Mexico City-based practice co-head Carlos de Icaza has significant experience providing hospitality players with environmental, real estate and transactional support. Monterrey office head Francisco Montalvo also co-leads and is well-versed in hospitality and industrial projects in northeastern Mexico and beyond. Badir Treviño-Mohamed is an additional key contact in Monterrey and handles transactional and regulatory aspects for developers, administrators and investors. Also noted in Mexico City are Carlos del Río (M&A, private equity and real estate transactions), and counsels Valentina Villa and Alejandro Castelló, both of whom take care of real estate and environmental matters. Counsel Carlos Yamamoto focuses on real estate transactions, including the acquisition and sale of portfolios; while senior associate Brenda Elizondo supports across the gamut of transactions. Counsel Alfonso Pulido left the firm in March 2024.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Highly skilled team of lawyers. Quality delivery and timely results.'
  • 'Technically speaking, at the highest level of real estate law firms. Very assertive and careful in the details of the transaction.'
  • 'All partners are top-notch both professionally and personally, which makes them very easy to work with. They understand the client's needs and give advice that is aligned to the client's needs.'
  • 'Best real estate practice in Mexico. Very good partners and associates who always give a triple A service. They have a deep knowledge of the legal framework and are very hard-working. Their recommendations in legal and fiscal structures, in finding all kinds of important points in lease contracts and purchase contracts, with buyers' notaries, etc. - highly recommended.'
  • 'They are the smartest, most creative, hardest working and give super service to their clients. That is why they are the most prestigious law firm. I have worked with Carlos Aiza, Carlos de Icaza, Badir Treviño, Franco Montalvo and they are all extraordinary.'

Key clients

  • Gran Ciudad
  • The Cadillac Fairview Corporation
  • O’Connor Capital Partners
  • FIBRA Prologis
  • Alojica
  • Apex Tool Group Manufacturing México
  • Finsa
  • Equinix
  • Digital Colony
  • ROCA Desarrollos

Work highlights

  • Assisted Finsa-Walton CKD with the sale of the Zeus industrial assets portfolio, which comprises 46 properties for a total value of $662m.
  • Assisted Terrafina with respect to the negotiation and execution of a joint venture agreement with an international pension fund that has a key long-term relationship with Terrafina’s manager.
  • Assisted Disney with the negotiation, preparation and execution of a lease agreement for its production facilities and headquarters in Mexico.

Lawyers

Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

The lawyer(s) leading their teams.

Carlos de Icaza, Francisco Montalvo