The Firm advises buyers and sellers on the acquisition and disposition of all forms of real estate assets, from single-asset transactions to large-scale portfolio sales involving dozens of properties across multiple Mexican states. Our work encompasses the structuring, negotiation, and closing of purchase and sale agreements; the conduct of comprehensive real estate due diligence covering title, liens, easements, permits, environmental conditions, and regulatory compliance; and the coordination of closing mechanics for multi-property transactions requiring simultaneous execution across jurisdictions. We have represented clients in some of Mexico’s largest portfolio transactions, including the sale of 49 properties by Mexico Retail Properties to Fibra Uno, sold for over US$2 billion dollars (which continues to be one of the largest in its kind), and the sale of a 12-commercial-center portfolio by Prudential to Fibra Uno.

The Firm has played a defining role in the development of Mexico’s institutional real estate investment market, having advised on the creation, structuring, and public offering of several of the country’s most significant FIBRAs, CKDs, and CERPIs. Our capabilities span the full lifecycle of these vehicles: fund formation and structuring, regulatory approvals, initial public offerings, portfolio acquisitions and dispositions, corporate governance, ongoing securities compliance, and secondary offerings. We have advised on the three largest FIBRA IPOs in Mexican history, the first telecom tower FIBRA, the first CERPI public listings, and the first CKD public listing. Our real estate lawyers work in close coordination with the Firm’s capital markets, tax, and regulatory teams to ensure that investment structures are optimized for both investor returns and regulatory compliance.

The Firm advises borrowers, lenders, and arrangers on the full range of real estate financing transactions, including secured acquisition financing, construction lending, bridge facilities, revolving credit facilities, mortgage-backed securities, and refinancings. Our experience encompasses both bank financing and capital markets-based real estate finance, including the structuring of credit facilities for FIBRA portfolio acquisitions and the design of financing structures for large-scale development projects. Representative matters include our role as counsel on the revolving credit facility led by Citigroup in connection with the FIBRA Prologis IPO and on one of Mexico’s largest real estate acquisition financings in connection with Terrafina’s acquisition of 84 industrial properties.

The Firm advises developers, operators, and investors on the legal aspects of real estate development projects across the commercial, residential, hospitality, industrial, and data center sectors. Our work encompasses joint venture structuring for development partnerships, including our representation of Cadillac Fairview Corporation in its acquisition of a 25% joint venture interest with Grupo Sordo Madaleno (currently Fibra Soma); management and operation agreements; condominium regimes and communal ownership structures; fractional ownership and timeshare arrangements; and the negotiation of hotel management and franchise agreements for hospitality assets. We also advise Walton Street Capital on multiple investments in Mexican residential and industrial real estate and represented Paradise Hotels and Resorts in the operation and sale of Las Ventanas al Paraíso in Los Cabos.

The Firm provides comprehensive counsel on the regulatory and environmental dimensions of real estate investment and development in Mexico. Our work encompasses the analysis and management of permitting, entitlements, zoning, and land use, construction and urban development requirements at the federal, state, and municipal levels; the navigation of agrarian law restrictions affecting ejido and communal land; the structuring of fideicomiso arrangements for foreign investment in Mexico’s restricted zones; and environmental impact assessments, remediation obligations, and compliance with Mexico’s environmental regulatory framework. Carlos De Icaza Aneiros, who leads the practice, is also ranked Band 1 by Chambers for Environment—providing the team with integrated expertise at the intersection of real estate development and environmental regulation.