REAL ESTATE

Our Real Estate practice has consistently been ranked by Chambers and Partners as a benchmark team and is widely regarded as one of the top law firms in Mexico in this area. This recognition reflects our extensive experience across a broad spectrum of real estate projects and our complementary expertise in related practice areas.

We represent a diverse range of domestic and international clients—including investors, developers, builders, landlords, tenants, real estate funds, and governmental entities—across all major business sectors in Mexico such as industrial, retail, hospitality, commercial, and luxury residential. Our team advises on the structuring and implementation of tailored investment vehicles, as well as on the operation, supervision, management, marketing, and commercialization of real estate developments nationwide.

Our legal services encompass thorough due diligence and the structuring of various real estate transactions, including financing, leasing, acquisition, and disposition of assets, long-term lease agreements, and trust arrangements. We also provide expert counsel on regulatory matters associated with these transactions. Moreover, we routinely assist clients with drafting and negotiating contracts related to real estate asset acquisition and disposition, the establishment of condominium regimes, and the disentanglement of real estate from communal and agrarian ownership structures.

Luis González, Chair of the Real Estate practice, has been individually ranked for over 15 years by Chambers and Partners and The Legal 500 for his outstanding expertise.

Juan Carlos Izaza, a key member of our team, has also earned individual rankings from Chambers and Partners and The Legal 500, was named by Business Today as one of Mexico’s 10 most influential Real Estate lawyers, and recently received the “Rising Star of the Year” award in the Real Estate category at the inaugural Mexico 2023 Awards by The Legal 500.

Representative Transactions

• Advised a group of private foreign investors on the acquisition of the historic Tamayo House and Studio in Mexico City: the former home and studio of Rufino Tamayo, one of Mexico’s most influential artists of the 20th century. This landmark property is set to begin a new chapter as a hub for artistic workshops and creative programs serving local and international students, artists, and professionals.
• Represented the shareholders of Grupo Farmatodo in the termination of a joint venture with Grupo Nadro and the sale of all its shares to Grupo Nadro. Farmatodo is a pharmacy chain with a strong presence in Puebla and Mexico City. Grupo Nadro is the leading wholesale distributor of pharmaceutical products in Mexico.
• Conducted a legal audit of a property under communal ownership and oversaw its subsequent privatization so that it could be used for the construction of social housing for families without access to commercial banking, financed by the U.S. Development Finance Corporation (DFC) and Calvert Impact Inc (Calvert). Calvert is an impact investment firm that helps all types of investors and financial professionals invest in solutions that benefit people and the planet. DFC is a development agency of the United States government.
• Represented GEAR Alimentos and RUBE Alimentos, companies specialized in the production, packing and distribution of tomatoes for export to the U.S. market, in the negotiation process for the sale of their assets to Agrofibra, reaching a value of $20 million dollars.
• Advised Fibra Plus, a Mexican Real Estate Investment Trust (REIT), and its relevant subsidiaries and related companies, in the conduction of an extensive internal property- level real estate due diligence process with respect to 57 individual properties within Mexico, with a total approximate surface of 600,000 square meters.
• Advised Stephens Family in the negotiation, structuring and documentation of a multimillion-dollar sale of the real estate known as “Rancho Potrero” in Punta Diamante, a luxurious residential area located in Acapulco Diamante, Guerrero, one of the most iconic and exclusive beaches in Southwestern Mexico.
• Advised Sotheby’s Concierge Auctions, the world-renowned luxury auction company, in the recent Real Estate deals carried out by Sotheby’s Real Estate auctions branch: Sotheby’s Concierge Auctions (SCA).
• Advised Proyectos ATB, S.A. de C.V., a major real estate developer based in the city of Puebla, with the review, restructuring and renegotiation of several real estate and commercial agreements with current tenants, and independent contractors in connection to Talanta´s real estate housing project in the city of Puebla of approximately 3,000 square meters.
• Represented New-Indy Containerboard in the acquisition of Reliable Container in Tijuana, a subsidiary of Georgia Pacific, which covered Reliable Container assets including two real estate facilities in Tijuana.
• Represented Bertram Capital in the Mexican portion of the global acquisition of Perennials & Sutherland, a leading company in the design and manufacture of acrylic fabric for interiors and exteriors and the development of luxury outdoor furniture.
• Advised Bertram Capital Management in the Mexican portion of the cross-border acquisition of Perennials and Sutherland including all environmental, sanitary, customs, and contractual matters regarding their entity’s facilities located in 3 different Industrial Complex.
• Represented Creation Technologies in the cross-border acquisition of Applied Technical Services and its maquila operations in Mexico in a 33,460 square feet industrial facility in Hermosillo, Sonora. Applied Technical Services is an electronics manufacturing services provider that designs and builds electronics components used in a range of products across industries.
• Advised Newell Rubbermaid Global (NYSE: NWL) in the expansion project of a manufacturing plant in Mexicali, Baja California, in a net investment of over $40 million pesos with the potential of 2,100 new jobs and representation of its subsidiary Electronica BRK de Mexico to operate an industrial facility in Ciudad Juarez, Chihuahua.
• Assisted Ex&Im Bank of China that provided a cross-border facility agreement to a Chinese company to purchase land in Nuevo Leon, Mexico, for the development of an industrial park.
• Advised BigWhite, Puerto Morelos Aventura, and Daxi Family Group, regarding a flagship property development project involving investment of approximately USD30 million in a location where the client group has more than 2,000 adjacent acres in additional land reserve.
• Currently advising Akivinta in the purchase, and regularization of a premium upscale mixed-use residential Real Estate. Akivinta is an emerging real estate agency with properties all-across Mexico’s mayor cities.
• Assisted Compañia Casa Dragones in the negotiations for the acquisition of the new corporate headquarters in Mexico City, in the landmark site of Polanco and in the expansion plans that included a renovation and substantial increase of the capacity production of tequila, assisting them in the process of negotiations for such real estate lands in Tequila, Jalisco and their “Tasting Room” in San Miguel de Allende.
• Advised Bertram Capital Management in the Mexican portion of the cross-border acquisition of Perennials and Sutherland including all environmental, sanitary, customs, and contractual matters regarding their entity’s facilities located in 3 different Industrial Complex.
• Represented PA Consulting Group in the renewal of its lease agreement in Torre Mayor, one of the most important real-estate business complexes in Mexico City located at Paseo de la Reforma.
• Represented MIO Organization in six different agrarian lawsuits valued at $7 million dollars, in which the plaintiffs sought to nullify the purchase and sale of six lands at the seashore (combined area of 450 hectares) in Tomatlán, Jalisco obtaining a favorable resolution.
• Advised Yellowstone Club in the acquisition of Hotel Tamarindo located in Riviera Nayarit, Mexico.
• Advised A-Live in the implementation of its property rental platform.
• Advised Vileberquin in real estate matters related to its presence in the Mexican retail sector.
• Represented Laboratorios Carnot in the acquisition of several industrial properties in Hidalgo, as part of Carnot’s expansion plans within Mexico for an approximate area of 80,000 square meters.
• Represented Black Canyon Capital in the negotiation and structuring of a US$20 million secured credit facility in favor of Inmobiliaria Playa Ensueño, to finance a tourism development in Puerto Peñasco, Sonora. Black Canyon is a private equity fund focused on the acquisition of controlling and non-controlling equity interests and debt instruments.
• Represented Bank of America Mexico, as agent for holders of bonds backed by bridge mortgage loans originated by Metrofinanciera, in the financial restructuring of Metrofinanciera.
• Members of the Firm represented Alsis in its credit facility for borrower GDN to acquire at auction from BBVA Bancomer an REO portfolio comprising approximately 5,000 commercial and residential properties, which credit facility is secured by the acquired portfolio and its future sales and operating revenues.
• Members of the Firm represented Afore XXI Banorte in its acquisition of Afore Bancomer from Banco Bilbao Vizcaya Argentaria (BBVA) for US$1.83 billion (named 2012 Deal of the Year by Latin Finance magazine).
• Members of the Firm represented CKD financed vehicles managed by Credit Suisse Mexico in over US$200 million of highly structured mezzanine and quasi-equity loans.
• We advised MediaMonks in the negotiations for the establishment of their Mexico City office; assisting them 6 months later in the expansion of their office, due to the massive success the company is having in Mexico. Mediamonks is the largest digital agency on the planet, a creative digital production company that produces websites, games and films, often to serve the needs of advertising agencies.
• Advised a Canadian luxury hotel developer in the development of a hotel and residential project in Riviera Nayarit, Mexico, with 120 rooms, 62 cottages, townhouses, villas and 2 restaurants. The group specializes in managing, developing and positioning boutique hotels in prime locations.
• Advised Tenedora Reyor in the sale of its equity to the Mexican subsidiary of the Canadian real estate and project development firm UrbanHub.
• Advised Oracle in the negotiation of the early termination of its office leases in Mexico City.

Representative Transactions

• Construction Insights November 2023: Mexico | DWF
• Construction Insights June 2023 | DWF