Leading Partners

Next Generation Partners

Firms To Watch: Real estate

Citadelle, Legal, Tax & Accounting, led by Carlos Rodríguez Capurro, has experienced growth since its establishment in 2024 due to its strong market recognition and an expanding portfolio of high-value real estate projects.
Led by the highly experienced Eduardo Ferrari, SYLS Ferrari's real estate practice is becoming increasingly well-known for its efficiency and ability to provide high-quality advice on real estate transactions, land acquisitions and project structuring.

Real estate in Uruguay

Ferrere

Ferrere has a leading real estate practice, advising on major transactions across agribusiness and forestry, as well as financings and litigation. It remains at the forefront of large-scale developments, including the USD 300M Platinum project, and leverages the firm's expertise in finance, tax and dispute resolution. Carlos Falco, head of the practice, is a recognised expert with vast experience in complex real estate transactions, corporate financing and agribusiness matters. He advises foreign investors on major residential developments in Punta del Este and has expertise in renewable energy and mining projects. Counsel Diego Durán specialises in real estate and agribusiness, playing a key role in some of Uruguay’s largest land acquisitions. He advises on large-scale data centre projects, forestry land transactions and industrial expansions. Senior associate Florencia Taboas has deep expertise in structuring complex real estate transactions, including mortgages, leasing and due diligence, with a strong focus on forestry and residential developments. Leading associate Ana Laura Oliveros advises major developers and provides full legal support for significant timberland investment funds.

Praxisleiter:

Carlos Falco


Weitere Kernanwälte:

Diego Durán; Florencia Taboas; Ana Laura Oliveros


Referenzen

‘An excellently led professional team that works alongside the client to resolve situations.‘

‘Excellent people. Humble personally and firm professionally. Great dedication and commitment.‘

‘The Ferrere team is highly integrated, enabling a holistic view of each topic; they are specialists in each of their areas.‘

Kernmandanten

Ventura – Kopel Sanchez


Agroempresa Forestal / Fideicomiso Forestal Bosques del Uruguay


Proa Carrasco


Global Forest Partners


Hughes & Rienzi


Bosques de las Serranías.


Project Platinum


Bouza Group


Independencia Fondos de Inversión


Nestlé


Dairy Producers‘ Financing Fund


GNV GROUP


Patagonland


Biosfera Austral


Braspine


Highlight-Mandate


  • Advising Project Cosmos, a development of Kimelman architects and Campiglia, on the construction of three towers in the most expensive area of Montevideo.
  • Advising Kopel Sanchez on more than +15 projects currently under construction in Montevideo and Canelones.
  • Advising Biosfera Austral (a Chilean developer) on two projects the company will develop in José Ignacio, Uruguay.

Guyer & Regules

The real estate practice at Guyer & Regules has been at the forefront of Uruguay’s most sophisticated and high-impact projects, ranging from luxury developments to agribusiness matters and renewable energy initiatives. With four offices across the country, the team maintains a strong presence across key real estate hubs. Its diverse portfolio includes major names such as Goldman Sachs, Grupo Éxito and Camposol. The department is co-led by Federico Susena, whose work spans investment structuring, REITs and advice on developments in tourism, commercial, industrial, forestry, and agribusiness. Co-leader Beatriz Spiess is a leading advisor in sustainable real estate with a strong focus on environmental and social responsibility. Associates María Fernanda González  and Carolina Suárez round out the team.

Praxisleiter:

Federico Susena; Beatriz Spiess


Weitere Kernanwälte:

María Fernanda González; Carolina Suárez


Referenzen

‘I found the real estate team very helpful. They involved the corporate lawyers at appropriate times and coordinated with them effectively.’

‘Attorney Spiess is very responsive, very knowledgeable, and has great experience in real estate matters, which was very useful to us.‘

‘Technical excellence.‘

Kernmandanten

Goldman Sachs


Grupo Éxito


Camposol


REIT (Real Estate Investment Trust) Tierras Irrigadas I and II


Fideicomiso Tierras del Litoral


Pires Benlian Desarrollos Inmobiliarios


Montes del Plata


Union Agriculture Group


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


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Dentons Jiménez de Aréchaga

Dentons Jiménez de Aréchaga regularly advises key financial institutions, including Banco Santander and Banco Itaú, on the structuring and financing of major real estate projects, handling every stage of the transaction process, from conveyances and mortgages to permitting and registration. The team works across both rural and urban developments, including agricultural, residential and commercial ventures. Practice head Héctor B. Viana advises on acquisitions and developments, particularly where commercial, tax and regulatory issues intersect. Aparicio Howard is a standout associate, recognised for his in-depth knowledge of civil law and active role in disputes related to construction, leases and condominiums. Associate María José Rovira is highly regarded for her technical expertise in rural transactions, recently advising on significant land acquisitions and financing mandates for clients such as Banco Santander and Grupo Vía Central.

Praxisleiter:

Hector B. Viana


Weitere Kernanwälte:

Aparicio Howard; María José Rovira


Referenzen

‘Every employee has proven to be an excellent professional in their field, and even more. If someone is absent due to other duties or leave, the coverage is always of the same high standard.‘

‘Without a doubt, the daily work is noteworthy, all management is agile and fluid, it is a pleasure to work with them.‘

‘Dentons Jiménez de Aréchaga maintains a cohesive, solid and collaborative approach to teamwork that makes it unique. The trust they have built in their day-to-day relationship is essential.‘

Kernmandanten

Diamantis Plaza


Banco Santander Uruguay


Trump Group


Selina


CEAOSA


Arcos Dorados Uruguay


Immobiliara Pams


Banco Itaú


Zapag Group


Grupo Via Central


Club M Sad


Investments Corporation of Dubai


Casa Buho


Smart Green Uruguay


Highlight-Mandate


  • Advised Grupo Via Central on the Ferrocarril Central Project, the largest train infrastructure project investment in Uruguay (USD 1,3bn approx.).
  • Advised Banco de la República Oriental del Uruguay – state owned bank, and largest commercial bank in the country – which provided senior financing for USD 48 million under the agreement signed between UPR Femenina S.A. and the Ministry of Interior of Uruguay for the design, construction, equipment, operation and financing of the penitentiary centre in Uruguay.
  • Advised CEAOSA on the drafting and negotiation of a turnkey construction agreement for the construction of a residential building called “Liv Carrasco District”, with an investment of USD 15,7m.

Posadas

Posadas stands out in the Uruguayan legal market for its innovation and technical expertise, particularly in the use of real estate trusts. High-value real estate projects, from large-scale residential and mixed-use developments to major rural and forestry-related transactions, are core areas of focus for the group. The department advises on all aspects of structuring, land acquisition and complex financing arrangements. Practice head Federico Peñasco has extensive experience in project structuring, trust formation, and notarial matters, playing a central role in key developments. Associate and notary public Lorena Speranza is a vital part of the team, noted for her specialisation in rural assets and notarial work across both urban and rural matters. Nicolas Ferreira, also an associate, contributes strong expertise in foreign investment, M&A and project finance.

Praxisleiter:

Federico Peñasco


Weitere Kernanwälte:

Lorena Speranza; Nicolás Ferreira


Referenzen

‚The Posadas team stands out significantly compared to other Uruguayan firms in the real estate area due to: the excellent level of the professionals on the team, especially Dr. Nicolás Ferreira; their experience in structuring complex deals; collaboration with their notarial and tax teams; and their close, personalised service. They form a team with their clients and the rest of the advisors.‘

Kernmandanten

La Buonora y Asociados


LUMIN Group


Celtevik


Cosmena


JHSF


Sterza


Gomez-Zorrilla Desarrollos


Nispley – Surmontes BH Inmobiliaria


Sures Real Estate


Highlight-Mandate


  • Assisted La Buonora y Asociados Desarollos with the overall structuring of a mixed-use real estate project called Cala del Yacht, which involves the acquisition of a large tract of land (and the financial structuring of the deal) in order to develop a select residential, office and commercial project consisting of 6 towers.
  • Advised LUMIN Group on the purchase of 85 plots (approximately 8,000 hectares) located in the Departments of Cerro Largo and Treinta y Tres for forestry purposes.
  • Advised Celtevik S.A. on the overall structuring of a real estate project which consisted of purchasing land and developing a residential complex consisting of three towers in Manantiales, one of the most exclusive beach destinations in Maldonado, Uruguay.

Hughes & Hughes

The real estate practice at Hughes & Hughes is renowned for its strong expertise in rural land acquisitions. Recent developments include a growing focus on land use and planning regulations at the national and municipal levels. Led by Haroldo Espalter, a key figure in the Uruguayan real estate market, the practice provides comprehensive guidance across various industries. Juan Carlos Oreggia Carrau brings specialised knowledge in agribusiness and forestry, while Florencia Beyhaut offers expertise in corporate law, foreign investments and urban and rural real estate developments.

Praxisleiter:

Haroldo Espalter


Weitere Kernanwälte:

Florencia Beyhaut; Juan C. Oreggia Carrau


Kernmandanten

Sa San Miguel


Akuo Energy – Glymont


Global Timber Resources


Frutura Uruguay


GTI10 Investments Acquisitions Company Limited C/o Global Forests Partners


TRG


Automotores Gildemeister


Danilum


Stafford Capital Partners


UPM– Forestal Oriental


Highlight-Mandate


  • Advised Frutura Uruguay S.A. on the lease of citrus plantations.
  • Advised Automotores Gildemeister SpA on the divesture of strategic land in Uruguay.

Pérez Del Castillo & Asociados

The real estate department at Pérez Del Castillo & Asociados advises across a broad spectrum of complex real estate matters. The team advises on urban and rural property transactions, the formation and management of real estate trusts and legal frameworks such as the condominium property regime. It also handles financial guarantees, including mortgages and pledges. Co-leader Gustavo Di Genio specialises in notarial, real estate and corporate law, with expertise in property regimes and contract structuring. Co-leader Soledad Echevarría focuses on real estate transactions, trusts and the establishment of commercial companies. Associate Jimena Lanzani has particular expertise in real estate transactions, leases, trusts and agribusiness contracts, as well as advising on commercial company formation and operation.

Praxisleiter:

Gustavo Di Genio


Weitere Kernanwälte:

Soledad Echevarría; Jimena Lanazni


Referenzen

‚The level of responsiveness and speed when I have contracted services has always been excellent. Furthermore, the professionals I deal with at the firm are always up to date with regulatory changes and even analyse proposed regulatory modifications that impact the real estate business, which is a relevant input for assessing risks and making decisions.‘

‚I highlight that the professionals I have worked with always add value by proposing improvements to the deals (even those already in progress) that maximise the return in favor of my interests. As far as I know the market, this is a true differentiator.‘

‚It is an agile and client-oriented firm, with professionalism and expertise, but also with a personal touch that sets it apart from the rest.‘

Kernmandanten

Lago de Calpen


Fideicomiso


Dulfini


Skantil


Fideicomiso San Pedro


Fideicomiso Edu


Fideicomiso Sarandí


Fideicomiso Herrera


Fideicomiso Piedras


Fideicomiso Douro


Highlight-Mandate


  • Advised Riba (Lago de Calpen) on the acquisition, structuring and development of the exclusive residential real estate complex “Riba”, in Ciudad de la Costa, Canelones, which involved a 70m USD investment.
  • Advised Fideicomiso, a Uruguayan real estate trust backed by the Lacroze Group and HA Emprendimientos (Argentina), on the development of the high end residential “Sense Manantiales” real estate project in Punta del Este, Maldonado, which involved a USD 40m investment.
  • Advised Flater S.R.L. on aquiring direct control of minimarket companies and their stores.