Real Estate in Uruguay

Real Estate in Uruguay

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Regional Capabilities

Our team of lawyers and public notaries provides advice on all real estate matters, including conveyances and registry practice, real estate investment trusts, real estate developments and their financing, con-struction contracts, real estate litigation and more. Our regular relation with Banco Santander has given our Firm an edge on construction matters that is unparalleled in our country.

Largely explained by the surge of construction in Uruguay, until recently this practice was very dynamic. We have gained visibility with the landing of landmark transactions and built good momentum in the in-dustry. Transactions such as setting up a Trump Tower in Punta del Este, a US$60 million issuance of securities in the capital market by an equity trust in order to build two residential complexes over a shop-ping center under the affordable housing laws, a US$50 million project for building a warehouse and of-fice building in the Port of Montevideo, the first real estate sale and leaseback of rural land in the country, and the financing of the acquisition of 12,000 hectares of forested land all illustrate the diverse nature and complexity of our work on real estate matters.

Experience

Our team represented PGG Wrightson Seeds in an approx.US$12 million project for the design and construction of a logistic center, for the storage and processing of seeds that PGG Wrightson Seeds sells to customers.
This center is set to substitute and centralize all our client’s warehouses scattered throughout the country, in a strategic location for its business (department of San José). Our involvement included providing advice in the hiring of engineering for the design of the logistic center, providing assistance in the permitting process, and in the private bidding for a construction company, as well as in the drafting of the relevant construction agreements.
Our lawyers advised and assisted Olam Group in the first sale and leaseback transaction to occur in Uruguay comprising rural land. The transaction consisted of the sale of rural land and dairy facilities thereon (milk sheds and associated equipment, as well as other improvements over the land) owned by Olam’s subsidiaries in Uruguay, tackled with a 12-year leaseback (and of a 2-year lease back period for a small part) of said land and facilities to other Olam‘s subsidiaries. This transaction, of financial nature to obtain funding for further expansion of the milking business in the country, amounted to approx. US$53 million.
We acted as deal counselors, structuring a financial trust that issued securities in the capital markets representing an equity participation in a project for the construction of two residential towers located on top of a new shopping center, which was inaugurated in a strategic point of Montevideo. This was the first residential complex built over a shopping center and thus the transaction posed the legal challenge to obtain tailor-made permits in the form of "air rights” to build over the shopping center and to convey in trust and securitize such rights. Our Firm structured the financial trust that issued the security – along with our structured finance affiliate, Efidus – and acted as the legal advisor to the sponsor in this transaction, a US$60 million value.
Our Firm represented the Trump Group rendering advice in the license agreement with a group of Argentine developers in charge of building the first Trump Tower in South America (the second one in Latin America) in the exclusive resort of Punta del Este, valued at approx. US$100 million.

Recognition

Dentons achieves 157 rankings in Chambers Latin America 2025

August 23, 2024

Independent legal publisher Chambers and Partners continues to recognize Dentons lawyers as market leaders throughout Latin America and the Caribbean.

News and Events

Recent Press Releases

Dentons achieves 157 rankings in Chambers Latin America 2025

August 23, 2024

Independent legal publisher Chambers and Partners continues to recognize Dentons lawyers as market leaders throughout Latin America and the Caribbean.

Dentons Jiménez de Aréchaga Growing greener and more accessible to clients

March 13, 2024

Uruguay: The expansion of the Firm’s footprint has resulted in the opening of a new office in Carrasco Valley, business center, with flexible and adaptable corporate solutions for today’s needs.

Regional Capabilities

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Real Estate in Uruguay

Real Estate in Uruguay

Experience

Recognition

Dentons achieves 157 rankings in Chambers Latin America 2025

News and Events

Recent Press Releases

Dentons achieves 157 rankings in Chambers Latin America 2025

Dentons Jiménez de Aréchaga Growing greener and more accessible to clients

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Helping our clients everywhere

Real Estate in Uruguay

Real Estate in Uruguay

Experience

Recognition

Dentons achieves 157 rankings in Chambers Latin America 2025

News and Events

Recent Press Releases

Dentons achieves 157 rankings in Chambers Latin America 2025

Dentons Jiménez de Aréchaga Growing greener and more accessible to clients

Regional Capabilities

Regions

Countries

Share

How can the world's largest global law firm help you today ?

Contact us or find an office in your location.

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