Editorial: Real Estate & Construction in Mexico

JANUARY 2010 – Construction

Mexico has big ambitions. The government wants its infrastructure to be one of the best in Latin America by 2012 and hopes to be in the top 20 countries in the world by 2030. These goals are being matched by increased infrastructure investment in Mexico and this is having a positive impact on the practices of those lawyers active in this sector.

Our research identifies 22 outstanding real estate and construction lawyers. Ritch Mueller SC is the best represented firm in this chapter. Ricardo Gómez Palacio del Rio advises clients involved in the development of high-end tourist destinations, shopping centres and real estate securitisations. Jean Paul Farah Chajin provides “excellent” counsel and Rodrigo Conesa Labastida advises real estate investment trusts concerning property acquisition, financing, development and management of assets.

Creel García-Cuéllar Aiza y Enríquez SC has two highly regarded lawyers in the following pages. Carlos Creel Carrera is “a great” lawyer and advised Grupo Intermex in the sale of its industrial assets portfolio to GE Real Estate Mexico. Carlos Aiza provides “world-class” counsel and has been involved in innovative finance transactions, including the first mortgage-backed securitisation in Mexico.

At Thompson & Knight LLP, Jorge de la Garza has extensive experience in all aspects of commercial real estate transactions such as negotiations of purchase and sale, management and development agreements, contracts and leases. The “incredibly perceptive” Miguel de Erice previously served as a legal adviser to the Mexican government and has been involved in the highway system restructuring process in Mexico.

Mijares Angoitia Cortés y Fuentes SC has two lawyers listed. Fernando Orrantia Dworak provides “very reputable” counsel and the “outstanding” Lorenza Langarica O’Hea has previously been involved in the sale of assets that made up the Camino Real hotel chain.

From Jáuregui Navarrete y Nader SC, the “superb” Michell Nader S is featured and Vanessa Franyutti Johnstone has extensive experience in financings and investment in the retail, hospitality, residential and industrial markets.

Goodrich Riquelme y Asociados has two lawyers featured. Agustín Urdapilleta is a “well established” lawyer and Jorge Sánchez-Dávila has been highly recommended in our research.

At Baker & McKenzie Reynaldo Vizcarra-Mendez has been recommended for his “highly knowledgeable” practice while José Visoso from Galicia y Robles SC, is a “very reputable” lawyer. At Basham Ringe y Correa SC, Daniel Del Río has “excellent experience” in advising foreign companies in real estate matters and is a member of the board of directors of the International Chamber of Commerce Mexico. From COMAD SC, Roberto Hernández García has experience in public and private construction projects as well as infrastructure developments including civil and electromechanical construction and energy projects.

From González Calvillo SC, the “brilliant” Gonzalo Vargas Ateca previously negotiated and closed one of the largest real estate deals in Mexico that involved a large building and two industrial parks. At Haynes and Boone LLP Luis Moreno Trevino heads the real estate practice in Mexico City and previously represented Buena Vista Hospitality Group in a US$200 million investment in high end real estate residential projects in Mexico.

At Sánchez DeVanny Esseverri SC, Rafael Villamar-Ramos is a “thoughtful, diligent and assertive” lawyer and has previously coordinated the acquisition of real estate as part of one of the largest foreign investment transactions in Mexico. Vicente Grau from Santamarina y Steta SC has been highly recommended and advises clients on the financing of infrastructure projects. Completing our list, Manuel Romano at Jones Day is recognised for his transactional and PPP work.