Leading Partners

Next Generation Partners

Real estate in Uruguay

Ferrere

Representing both investors and developers, Ferrere is involved in transactions and developments at the forefront of Uruguay’s real estate sector. The team is particularly active in the residential, business and commercial sectors, handling bids, construction contracts, sale and purchase transactions, and re-sales. Expert in the structuring of real estate trusts and funds, the practice has a successful track record in the creation of REITs. Prominent in the agribusiness and forestry sectors, the team regularly advises on land sales and acquisitions. It also has a strong contentious practice, representing clients in real estate and construction-related litigation and arbitration. Practice head Carlos Falco advises an impressive list of foreign investors on residential developments and energy and mining projects, as well as providing representation in real estate litigation. Diego Durán, counsel, specialises in the agribusiness sector, playing a leading role in land purchases. Senior associate Florencia Taboas‘ broad real estate practice spans rural and urban property transactions, including agreements for mortgages, pledges, leasing and significant due diligence transactions. Ana Laura Oliveros is another senior associate to note.

Responsables de la pratique:

Carlos Falco


Les références

‘The Ferrere team is very outstanding in this area of ​​action. They are highly trained and stand out in the market.’

‘They are very well prepared and understand business. I’d highlight Carlos Falco.’

‘Ferrere has the best team spirit of any law firm I have come across. The lawyers and staff are all happy to be part of the Ferrere team, and the sense of camaraderie at the firm is palpable. For me, working with the lawyers at Ferrere is always a special pleasure. Each lawyer I have had the fortune to work with, has been exceptional in terms of skill, knowledge, and practical application of the law. I have also gained some insight into how the firm addresses the challenges and changing life goals of younger lawyers at the firm – it is truly inspirational. The firm receives my highest recommendation. ’

Principaux clients

Ventura – Kopel Sanchez


Agroempresa Forestal / Fideicomiso Forestal Bosques del Uruguay


Proa Carrasco


Global Forest Partners


Hughes & Rienzi


Bosques de las Serranías.


Project Platinum (Kimelman + Campiglia)


Bouza Group


Independencia Fondos de Inversión (Independencia Investment Funds Chile)


Nestlé


GNV GROUP


Patagonland


Principaux dossiers


  • Advising Project Cosmos, a development of Kimelman architects, and Campiglia, on the construction of three towers in Montevideo.
  • Advising Kopel Sanchez on more than 15 projects currently under construction in Montevideo and Canelones.
  • Advising Patagoland on four projects the company will develop in Uruguay.

Guyer & Regules

As a leading firm in the real estate sector, Guyer & Regules regularly advises on innovative projects, including data centres, blockchain facilities and green hydrogen projects. The team has a strong background in luxury developments, particularly in the residential and tourist sectors, as well as in retail and agribusiness projects. It acts for an impressive clientele of banks, advising on mortgages, leasing and loans, and local REITs. Practice co-head Federico Susena advises on developments in the tourism, commercial and industrial sectors and has an established international practice, advising on foreign investment in real estate. He leads the group alongside Beatriz Spiess, who brings experience in sustainable development to the team and advises on industrial and housing real estate developments. With particular strength in the forestry and agribusiness sectors, counsel María Fernanda González is an expert in the structuring of REITs. Carolina Suárez, counsel, specialises in the drafting of real estate agreements, including purchases, sales and leases. Senior associate Martín Ruiz advises investors on real estate and housing developments in the tourism sector, including second residences.

Responsables de la pratique:

Federico Susena


Les références

‘For me and my clients, it is comforting to have the advice and dedication of outstanding professionals such as Federico Susena, Beatriz Spiess, Martín Ruiz and the rest of the team of notaries, lawyers and accountants. Clients always express their gratitude and admiration for the exceptional level of care and professionalism they receive. Thanks to the support of the firm, I can carry out my work with greater confidence and offer the highest quality service to my clients.’

‘Solid experience, knowledge, excellent client relationship. The plus is the trust and support generated by the advice they provide. I highlight the work of Federico Susena and Carolina Súarez.’

‘Beatriz Spiess: problem resolution, speed of response, permanent availability, proposal of alternatives, management of relationships with the counterparty.’

Principaux clients

Goldman Sachs


Grupo Éxito


Camposol


REIT Tierras Irrigadas I and II


Fideicomiso Tierras del Litoral


Pires Benlian Desarrollos Inmobiliarios


Montes del Plata


Union Agriculture Group (UAG)


JHSF Fasano


Sodimac


Vik Retreats


REIT Fondo Montes del Este


Ingleby Farms


REIT Peninsula Rentals


Frutura Produce


Atlántico Punta del Este


Navigant


+Colonia


DH2


Fideicomiso Eucalyptus del Sur


Tether


Principaux dossiers


  • Advised the investor on the structuring and acquisition of approximately 515 hectares for the development of a real estate project that proposes to become the largest innovation centre and the first smart city in Latin America.
  • Advised Frutura Produce on the bid for the acquisition of the assets of Citricola Salteña, carried out within the bankruptcy process of this company.
  • Advising trusts Fideicomiso Financiero Tierras Irrigadas I and II on the acquisition of rural land for agriculture exploitation to be carried out by setting up an irrigation system.

Posadas

Local and international developers and private and institutional investors continue to turn to Posadas for advice on real estate matters, spanning the retail, leisure, commercial and industrial sectors. The group has noted a recent uptick in foreign high-net-worth individuals seeking its advice on real estate investment. The team has a strong track record structuring real estate projects, demonstrating expertise in the implementation of real estate trusts and due diligence processes. It is active in the forestry sector, advising on acquisitions, financings and real estate regulatory matters. Following the departure of Eduardo Ferrari in August 2023, Federico Peñasco has assumed the role of practice head, bringing extensive experience in the real estate sector to the team. He specialises in the structuring of real estate projects and is an expert in real estate trusts, sales and acquisitions. Associate Lorena Speranza is also a public notary and has particular expertise in rural assets and the structuring of real estate projects. Nicolas Ferreira is also an active associate in the team, focusing on advice on foreign investment and the drafting of commercial agreements in the real estate sector.

Responsables de la pratique:

Federico Peñasco


Les références

‘Estudio Posadas is a key player in the list of service providers of our company. Apart from being “one stop shop”, world-class professionals, serious, diverse, expeditious, and pro-business, they are always creative in the search for solutions and with an excellent disposition for work. It is a real pleasure to work with the firm.’

‘Without a doubt, the proximity, accessibility and business-oriented focus. They have a staff of professionals who are opinion leaders in their fields, and this translates into total trust. In particular, we would like to highlight Federico Peñasco and Nicolás Ferreira and their respective teams.’

Principaux clients

La Buonora y Asociados


Sures Real Estate / Monsaraz


Sterza


LUMIN Group


JHSF (Uruguay)


Celtevik


Cosmena


Gomez-Zorrilla Desarrollos


Montes del Plata


Greenwood Resources


Principaux dossiers


  • Assisted La Buonora y Asociados Desarollos with the structuring of a mixed-use real estate project, involving the acquisition of a tract of land and the financial structuring of the deal to develop a residential, office and commercial project of six towers.
  • Advised Sures Real Estate on the acquisition of land and the structuring of the entity that will develop its 8,000m2 residential project with 60 units across 12 floors.
  • Advised LUMIN Group on the purchase of approximately 8,000 hectares for forestry purposes and on the acquisition of a property located in the Department of Cerro Largo for the installation of a new plant for the sustainable production of plywood panels.

Dentons Jiménez de Aréchaga

Providing both legal and notary support, Dentons Jiménez de Aréchaga assists clients throughout the full life cycle of real estate transactions and developments. The team’s expertise encompasses both rural and urban development, as well as real estate for commercial and industrial premises. It advises developers and financers, notably Banco Santander, which the team assists in real estate financing and mortgages and other transactions. Practice head Héctor B. Viana acts for a diverse roster of clients, from investors and financiers to developers, managers, sellers and purchasers, in real estate acquisitions and developments. At the associate level, Aparicio Howard has experience in matters related to construction, leases and condominiums, including real estate disputes. Also qualified as a public notary, María José Rovira advises on rural real estate sales, bringing expert knowledge of ownership of land regulations and transfer permits.

Responsables de la pratique:

Héctor B. Viana


Les références

‘The team is large and highly qualified. There are several professionals who assist us depending on the specificity of the issue raised, all of them demonstrate reliability and provide a quick response to our needs. We are very satisfied with the service.’

‘I’d highlight Aparicio Howard.’

Principaux clients

Diamantis Plaza


Banco Santander


Trump Group


Selina


CEAOSA


Arcos Dorados Uruguay


IMMOBILIARIA PAMS


Principaux dossiers


  • Advised CEAOSA on the drafting, negotiation and closing of two construction agreements for the construction of two large residential towers, Cala Tower I and Tower II in the outskirts of Montevideo, close to its premier residential area.
  • Assisting Banco Santander in the financing of a construction of a residential complex called Joy Montevideo located in a high-end neighborhood in Montevideo.
  • Advised Arcos Dorados Uruguay on the drafting and negotiation of a promise of lease agreement for property located at Benito Blanco and Avenida Brasil.

Hughes & Hughes

Specialising in rural land matters, Hughes & Hughes advises clients on a national level on sales and purchases. The team also has in-depth knowledge of land planning regulations, including land use and land categories. Haroldo Espalter leads the practice and is an expert in rural real estate transactions. Juan Carlos Oreggia Carrau is also a key contact, bringing particular expertise in the agribusiness and forestry sectors to the team. Florencia Beyhaut focuses her real estate practice on urban and rural land development and residential infrastructure.

Responsables de la pratique:

Haroldo Espalter


Principaux clients

UPM – Forestal Oriental


SA San Miguel


Akuo Energy – Glymont


Global Timber Resources


Frutura Uruguay


GTI 10 Investments Acquisitions


Company Limited C/O Global Forests Partners


Gmo Global Renewable Resources


TRG (The Rohatyn Grou)


Automotores Gildemeister


Balsa & Asociados


Principaux dossiers


  • Advised Frutura Uruguay on the lease of three citrus plantations.
  • Advised Automotores Gildemeister on the divesture of strategic land in Uruguay.
  • Advised Balsa & Asociados on the acquisition of a corporate structure featuring a real estate underlying asset.