Source: Latin Lawyer
Chile’s Barros & Errázuriz Abogados and Posadas in Montevideo have helped the holding company of Brazilian real estate group JHSF acquire the Enjoy shopping centre and hotel complex in Uruguay’s Punta del Este for US$160 million.
Uruguayan firm Guyer & Regules assisted Chilean hospitality chain Inversiones Enjoy in the sale.
Latin Lawyer understands that Carey in Santiago also assisted Enjoy, but could not confirm this before publishing.
The deal was signed on 10 April.
In the transaction, JHSF Peninsula acquired a 100% stake in Enjoy’s subsidiary Baluma, which operates the Punta del Este hotel, resort and casino.
The asset is one of Uruguay’s most prominent five-star resorts, featuring nearly 250 rooms, a casino and a convention centre. Earlier this year, the International Bar Association (IBA) hosted its Latin American Regional Forum at the venue, while Latin Lawyer held its annual party within the complex.
The acquisition follows on from recent activity by JHSF in Brazil’s real estate sector. In December, Brazilian firms Tauil & Chequer Advogados in association with Mayer Brown, Mattos Filho and FreitasLeite Advogados helped the group launch a US$975 million real estate IPO, with i2a Advogados in São Paulo advising the anchor investors.
Counsel to JHSF Peninsula
In-house counsel – Marcelo Maria Santos
Barros & Errázuriz Abogados
Partners Pablo Guerrero Valenzuela and Sergio Eguiguren Ebensperger, and associates Jorge Covarrubias Serrano, Rodrigo Muñoz Figueroa and María Ovalle Cherniavsky in Santiago
Posadas
Partners Fernando de Posadas, Lucia Carbajal, Federico Peñasco and Lucia Barrios, and associates Martina Reyes, Luciana López, Magdalena Cuñarro, Emiliano Opertti, Mariana Fernandez, Paula Costa and Victoria Wollheim in Montevideo
Counsel to Inversiones Enjoy
Guyer & Regules
Partners Nicolás Piaggio, Federico Piano and Juan Manuel Mercant, counsel María Noel Riotorto and associates Javier Napoleone, Joan Monteagudo and Matías Lea Plaza in Montevideo