Next Generation Partners

Real estate in Ecuador

Bustamante Fabara

Bustamante Fabara acts for a variety of clients, including major construction companies, developers and investors, in the full range of real estate matters. The group leverages its close connections with municipalities, property registries and other governmental agencies to advise on regulatory, transactional, zoning, land use and environmental matters concerning real estate projects. Key areas of strength for the team include the sale, restructuring, financing and leasing of real estate assets, including commercial, residential, agriculture, and industrial properties. Practice head Juan Felipe Bustamante is skilled in large-scale project development, financings and acquisitions in the real estate sector. José Rafael Bustamante C., a key point of contact for telecoms, manufacturing and infrastructure clients, is another name to note for transactional work in this space. At the associate level, Pedro Gómez de la Torre focuses on the financing and structuring of real estate projects, and Kirina González specialises in cross-border real estate transactions.

Praxisleiter:

Juan Felipe Bustamante


Referenzen

‘Bustamante Fabara is a firm with the best professionals in the Ecuadorian legal industry. They represent us in all our problems. They are a strategic ally, extremely knowledgeable about the legal and commercial world, and have helped us consolidate our project from an initial stage. We have seen a notable improvement in the firm in recent years. They focus on all aspects. They are very current.’

‘They are excellent and timely. Juan Felipe Bustamante is our main point of contact and he is an outstanding person, he has a lot of commercial and legal knowledge and makes our lives easier. They have a powerful and super balanced team, which means that partners can be very well supported.’

‘I liked working with Juan Felipe Bustamante and Pedro Gómez de la Torre. They have a lot of knowledge of legal matters and their way of expressing strategies and problems is clear and easy to understand. They are ethical and that makes me feel comfortable and confident with their advice. It is a superior and pioneering firm.’

Lexvalor Abogados

Counting many of the largest real estate companies in the region as clients, Lexvalor Abogados is well versed in the entire range of real estate projects, most notably commercial and residential developments, and also excels in condominium structures and real estate trust-related matters. Karla Villacís Echeverría and Daniela Irigoyen jointly lead the team; Echeverría regularly assists construction companies and developers with property acquisitions and construction agreements, while Irigoyen focuses on the structuring, development and management of infrastructure projects through trust fund and fiduciary structures. Juan Francisco Almeida, who stands out for his extensive knowledge of the fiduciary area, maintains a broad real estate practice focused on project development, transactions and disputes. Key support is offered by senior associates Marcelo Morabowen and Adriana Paredes. Morabowen draws on his previous in-house experience at two fiduciaries to advise on the structuring of real estate projects under various types of corporate and fiduciary structures; this is also a core area of expertise for Paredes.

Praxisleiter:

Karla Villacis Echeverría; Daniela Irigoyen


Referenzen

‘The firm has an excellent team and I would work with them again on an upcoming real estate project.’

‘Juan Francisco Almeida is outstanding in the real estate field.’

‘They are clear and understand our needs. They optimally solve problems.’

Kernmandanten

Uribe y Schwarzkopf Ingenieros y Arquitectos


Grupo Nobis


Corporación Favorita


Grupo Nobis/ Pablo Campana


Lomas de San Pedro Project


La Gloria Project


Romero y Pazmiño


Trust María Isabel


Corporación Favorita


Highlight-Mandate


  • Assisted Corporación Favorita with a joint venture with the construction company Conalba, a business group in charge of several shopping centres, mainly in the coastal region of Ecuador.
  • Advised Uribe Schwarzkopf on the creation of the YG Trust, which was set up as an independent fund to purchase land to develop the YOO GUAYAQUIL real estate project.
  • Assisted NM Project Grupo NOBIS with a construction project relating to 463 housing units.

Pérez Bustamante & Ponce

Noted for its ‘high technical knowledge and practical management of situations‘, Pérez Bustamante & Ponce‘s real estate practice assists domestic and international companies in the development of major real estate projects in Ecuador across the commercial, residential, tourism, and rural spaces. In addition to project structuring, the team is proficient in financings, title revisions, land acquisitions, lease agreements, and permitting isssues. Overseeing the team are: Sandra Reed, who provides ‘personalised, permanent and comprehensive treatment‘ in the context of financing and structuring of real estate developments; Diego Pérez Ordóñez, who advises on the negotiation and implementation of contracts for real estate projects; and Juan Manuel Marchán-Maldonado, a name to note for PPPs and infrastructure ventures.

Praxisleiter:

Sandra Reed; Diego Pérez Ordóñez; Juan Manuel Marchán


Referenzen

‘It is a team of people with high technical knowledge and practical management of situations.’

‘They have good technical knowledge and combine doctrine with real business practice.’

‘There is always a team prepared to provide a solution to the issues that arise.’

Kernmandanten

Sika


Halliburton


Corporación Quiport


Philip Morris


Synlab


Cinemark


Hospital Metropolitano


Highlight-Mandate


  • Advised Hospital Metropolitano on building an outpatient chemotherapy area using a part of its property that remained unoccupied.
  • Advised Sika Ecuatoriana on the project of a new processing plant in Ecuador.
  • Advised Fundación Colegio Americano on preliminary negotiations with Sudinco on two plots of land in Puembo Parish, east of Quito, as a crucial expansion site.

Heka Law Firm

Heralded for its ‘knowledge, responsibility, and the ability to solve problems‘, the real estate team at Heka Law Firm provides comprehensive legal support to domestic and international clients, including major banks and developers. The team is well positioned to assist with the entire range of mandates, from asset purchases to financings and regulatory compliance. Practice co-head Santiago Albán is 'undoubtedly a reference' in the construction sector in Ecuador. Fellow co-leader Mauricio Subía focuses on the financing and management of large-scale real estate projects. The pair is backed up by regulatory expert Indira Mendia, who handles matters involving municipal and central government entities.

Praxisleiter:

Santiago Albán; Mauricio Subía


Referenzen

‘One of the best teams in real estate law. Santiago Albán is undoubtedly a reference in the sector, with extensive experience and knowledge. He presents innovative solutions and an efficient and solvent structure to facilitate the development of real estate businesses, and he is always ready to meet the needs of the client immediately.’

‘Knowledge, responsibility, and the ability to solve problems.’

‘Their dedication and commitment to the projects they receive makes them unique. Their commitment and knowledge to obtain results makes them one of the best firms in the country.’

Kernmandanten

DK Group


Monteolivo


Levapan


Plaza Koen


Hydropredios


Hospital de los Valles


Paseo San Francisco


Mc Donald´s (Arcgold)


Banco Pichincha


Banco General Rumiñahui


Highlight-Mandate


  • Advising McDonald’s – Arc Gold del Ecuador on permits and licenses for multiregional locations in Ecuador and advising on property portfolio contingencies.
  • Advising Banco Pichincha on the establishment of real guarantees for housing loans.

Robalino

Robalino is a strong choice for multinational companies seeking advice on their real estate operations in Ecuador. The group is active in the structuring of investments and real estate projects, and also regularly assists with permitting issues, construction contracts and related disputes. The team is overseen by Martín Pallares, a key point of contact for cross-border transactions, and Daniel Robalino, who is experienced in corporate issues relating to the purchase of land and property. Key support is offered by senior associate Christian Narvaez, who is regularly sought out by clients from the retail, fashion, pharma and e-commerce industries.

Praxisleiter:

Martín Pallares; Daniel Robalino


Referenzen

‘Good team with a lot of commitment.’

‘Very open with feedback. Open to grow and always trying to improve.’

‘The relationship at the firm is with Martin Pallares who is very available. They are always up to date with new and future possible changes in regulations and rules, so that one can implement modifications in time.’

Kernmandanten

Corporación Aceros Arequipa


Hennes & Mauritz H&M


LAAR C.


Sunshine Bouquet


Orion Energy Group


Sevilla y Martínez Ingenieros SEMAICA


Cloud Kitchens Group


Inmobiliaria Rijona  and Heyaka Constructores


Ingeniería y Arquitectura Techniker


Alkavat CIA


Colour Republic


Highlight-Mandate


  • Advised Aceros Arequipa as head-counsel for landing operations in Ecuador during 2023.
  • Advises H&M on all day-to-day matters regarding its stores in Ecuador.
  • Advised Khamis Group, Heyaka Constructora and real estate developer RIJONA on the legal implementation of a warehousing project in Tababela industrial zone, named Plaza San Jose.

Dentons Paz Horowitz

The versatile team at Dentons Paz Horowitz is engaged by corporate and individual clients in asset deals, leasing agreements, and M&A transactions involving considerable real estate transfers. In addition, the group also handles permitting issues, title searches and regulatory matters, among others. Bringing together expertise in real estate, probate, inheritance and estate law, practice head Verónica Mieles advises on the entire life cycle of a real estate project, covering both commercial and residential developments. Associate Fabricio Solórzano stands out for his experience in public law and mining-related matters.

Praxisleiter:

Verónica Mieles


Referenzen

‘I was assisted by two lawyers with different specialties, which covered all my questions and gave me the best way to pursue my case. The treatment was correct, efficient and very cordial.’

‘The treatment was professional, friendly and efficient.’

‘It is an excellent team, complete and very professional. Always willing to work hard for their client.’

Kernmandanten

Mabel Matos


Catalina Kulczar


Marcia Villalobos


Torrecom Partners Lc


Baker Hughes Services International


The World Radio Missionary Fellowship Inc


Hospital Vozandes


Elizabeth Cobo De Acosta


Highlight-Mandate


  • Advised Torrecom Partners LC on drafting lease contracts for the installation of telecoms towers in various locations across the country.
  • Advised Baker Hughes Services International on requesting a tax return from Orellana Municipality for a property transfer.

Pino Elizalde Abogados

The real estate practice at Pino Elizalde Abogados adopts a multidisciplinary approach, incorporating tax and banking expertise when assisting clients with the development of real estate projects. The team is also proficient in disputes, including real estate expropriation proceedings, contractual negotiations, and municipal regulatory issues. Leading the group is Daniel Pino, who also oversees the corporate and M&A department. Jaime Arosemena is a key contact for local and foreign clients seeking advice on various real estate matters.

Praxisleiter:

Daniel Pino


Kernmandanten

Inmobiliaria Open House


Minutocorp


Camaronera Agromarina


Beverage Brand & Patents Company BBPC


Frutadeli


Jelmek Ecuador


Highlight-Mandate


  • Advised Open House Realty on the acquisition of the New Samborondon project.
  • Advised Minutocorp on the implementation of a contract with the government for adapting the Bicentenario Park.
  • Advised Beverage Brand & Patents Company BBPC S.A. on the regularisation of properties housing the company’s corporate headquarters.

Apolo Abogados

The multidisciplinary team at Apolo Abogados is particularly skilled in the purchase of land - most notably for aquaculture and agricultural purposes - and properties, drawing on its deep understanding of environmental and water regulations. Rafael Balda Santistevan leads the practice alongside Javier Cardoso Andrade, a key point of contact for project structuring and regulatory matters, and José Gabriel Apolo Santos, who counts major industrial and exporting groups in Ecuador as key clients. Names to note at the associate level include Denisse Garcia and María José Arias.

Praxisleiter:

Rafael Balda Santistevan; Javier Cardoso Andrade; Jose Gabriel Apolo Santos


Referenzen

‘Excellent legal management and execution of processes. They are not intimidated by the difficulty of the situation.’

‘They generate a chain of contacts with investors or other companies with which we could generate alliances, or think about making common investments.’

‘Mainly, the quality of service, friendliness, and clarity on the issues in question stand out.’

Kernmandanten

Grupo Rosales – Ecuacultivos


Metrica (Grupo Romero) – Landco (Grupo Ortega)


Leinati


Flexiplast


Baudescorp


Expalsa Petrilli


Operadora Y Procesadora De Productos Marinos Omarsa


Domerson


Operadora Y Procesadora De Productos Marinos Omarsa


La Rosazul Alimentos – Xianmeilai Food


Constructora Nuevasvias  (Grupo Zhiping)


Boardwalk Logistic Corp


Operadora Y Procesadora De Productos Marinos Omarsa


Fideicomiso Mercantil Dardinsa – Cantabria.


Arkitrust


PROTEINSEC


Highlight-Mandate


  • Assisted Omarsa with a transaction aimed at leasing (with an option to purchase) several properties operated as a shrimp farm.
  • Advised Metrica on negotiating with the Municipality of Santa Elena the increase of the allowed residential density for its seaside real estate project.
  • Advised Zhiping Group on establishing a pioneering legal framework aimed at facilitating the establishment of a major supermarket chain within its residential and commercial project, Miracielo.

ECIJA

ECIJA advises local and international clients on the acquisition of real estate properties and the management of residential and urban projects. Ingrid Rodríguez in Manta is a key adviser to domestic and foreign investors with significant stakes in real estate projects. She oversees the group with Guayaquil-based Édgar Méndez, whose areas of expertise include asset deals, property development and regulatory issues, and Byron Sotomayor, a name to note for real estate transactions. Fellow co-head Genesis Bermeo leads the real estate offering in the Quito office.

Praxisleiter:

Ingrid Rodríguez; Édgar Méndez; Genesis Bermeo; Byron Sotomayor


Kernmandanten

Mkm importaciones


COMPANY SERVIPAXA


Cestia


Artenschutzstiftung Zoo Karlsruhe a


FANBERCELL


ASOCIACIÓN DE CORREDORES DE BIENES RAÍCES DEL GUAYAS ACBIR GUAYAS


Carlos Lasso Mendoza


C.H. Ocean


Muelle company of Mueller


Adam Corbin


Peter Tadros


Lori Ann Baker


Carlos Lasso Mendoza


MARIANA DEL ROCIO SARMIENTO ORELLANA


Highlight-Mandate


  • Provided ongoing advisory to Cestia S.A and regulatory compliance monitoring for a significant real estate project involving the consolidation of properties for a major shopping mall, along with legal restructuring and trust liquidation.
  • Advised Fanbercell S.A on the acquisition of the shares of a company that held ownership of a valuable real estate asset intended for the development of an urban project.
  • Advised over 32 private clients in the city of Manta on real estate transactions, including property acquisitions and sales, as well as foreign investments.

Romero Arteta Ponce

With over six decades of experience in the real estate space, Romero Arteta Ponce provides legal support to domestic and international clients - both corporates and individuals - on the purchase and sale of properties and related due diligence. Gustavo Romero has a strong track record in transactional matters involving real estate assets. He oversees the practice which also features key contacts Diego Romero and Patricia Del Pozo.

Praxisleiter:

Gustavo Romero


Kernmandanten

THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS / IGLESIA DE JESUCRISTO DELOS SANTOS DE LOS ÚLTIMOS DÍAS USA


PATRICIA GUERRA Y FMLA. SUIZA


Fábrica BIOS


Mario Fegan- PRODUBANCO


Embajada Suiza


Diego Aristizabal- Berlitz


Casabaca


Pablo Villamar


Alberto Reyes


Torres Guarín


Highlight-Mandate


  • Advised the Church of Jesus Christ of Latter-day Saints on the process of purchase and construction of a temple in the city of Quito.
  • Assisted the Embassy of Switzerland with the purchase of its new offices in Quito and the sale of its old offices.
  • Advised Grupo Profand on the purchase of real estate.