Adrián Gay Lasa

• Represented Fibra NEXT (FNEXT) in its initial public offering, totalling MX$8 billion. °
• Represented Fibra NEXT in its first follow-on, totalling MX$7.3 billion, and the acquisition of industrial real estate portfolios. °
• Representation of Fibra UNO, Mexico’s first publicly traded REIT, in its landmark third global follow-on offering valued at US$2.5 billion. °
• Representation of Fibra UNO in the first international debt issuance by a FIBRA, totaling US$1 billion in January 2014, comprising two series with maturities of up to 30 years. °
• Representation of Fibra UNO in the first domestic debt issuance by a FIBRA in December 2013, totaling MX$8 billion under a MX$25 billion program — the largest corporate debt issuance in Mexico at the time. °
• Representation of Fibra UNO in the implementation of its dual Debt and Equity placement program as a Recurring Issuer, authorizing up to 1.5 billion CBFIs and up to MX$55 billion in revolving debt instruments. °
• Representation of Fibra UNO in its fourth global follow-on offering of CBFIs (FUNO 11) under its authorized placement program, totaling MX$12.8 billion. °
• Representation of Fibra UNO in the IPO of CBFIs under the Proyecto Helios vehicle (non-FIBRA regime), as well as in four subsequent capital calls for the development of Mitikah in Mexico City. °
• Representation of Fibra UNO in the acquisition of various real estate portfolios, including Alsea, GICSA, MRP, and Santander, among others. °
• Representation of Fibra UNO in multiple registration updates for FUNO 11 CBFIs and in various financing transactions, including domestic, cross-border, and international credit facilities. °
• Representation of Fibra UNO in its third global public offering before the Mexican Stock Exchange and in international markets, valued at US$1.7 billion, comprising 600 million CBFIs including an overallotment option. °
• Representation of Fibra UNO in its IPO that raised MX$3.62 billion (US$300 million), with additional certificates issued to real estate contributors via private placement, bringing the total issuance to MX$8.27 billion (US$686 million), placed in U.S. and European markets under Rule 144A and Regulation S. °
• Representation of Fibra UNO in its US$1 billion international notes issuance (10- and 30-year tenors) listed in Ireland. °
• Representation of Fibra UNO in the first long-term debt program established in Mexico by a real estate investment trust, which became a market benchmark (MX$25 billion). °
• Representation of Fibra UNO in setting up a drop-down fund valued at US$387 million (MX$6 billion), the largest in the Mexican real estate development sector at the time. °
• Representation of Fibra Inn, Mexico’s second most-traded hospitality FIBRA, in its IPO valued at MX$3.4 billion, placed in U.S. and European markets under Rule 144A and Regulation S. °
• Representation of Fibra Inn in its 2018 bursátil debt restructuring, comprising a new MX$2 billion issuance (FINN 18) and a tender offer of MX$1.875 billion on its first series (FINN 13). °
• Representation of Fibra Inn in its corporate restructuring to internalize business management. °
• Represented AgroFibra in its initial public offering, totalling aprox. MX$1 billion. °
• Representation of the Mexican underwriters (Bank of America, Banorte-IXE, and Actinver) in Fibra Shop’s first public offering, valued at MX$5.4 billion, placed in U.S. and European markets under Rule 144A and Regulation S. °
• Representation of Merrill Lynch, Ixe-Banorte, Actinver, and BTG Pactual US Capital LLC as underwriters in Fibra Shop’s global CBFI offering, valued at MX$4.8 billion (US$379 million), including a public offering in Mexico and an international offering under Rule 144A. °
• Representation of Fibra Plus in its MX$1.575 billion IPO, the eleventh FIBRA to list on the Mexican Stock Exchange following the 2011 legal reforms. °
• Representation of Fibra HD in its IPO (MX$1.5 billion / US$100 million), the tenth FIBRA to list on the Mexican Stock Exchange. °
• Representation of Grupo Nacer Global as legal counsel in FIBRA EDUCA’s primary public offering of CBFIs totaling MX$9.43 billion. °
• Representation of a FIBRA in the structuring and implementation of a MX$5 billion (US$292 million) debt program with a five-year term, as well as the first issuance of long-term trust bonds under that program, totaling MX$1.8 billion (US$116 million). °
• Representation of Fibra Inn, the fourth publicly traded FIBRA in Mexico, in a combined offering valued at approximately US$318 million, consisting of an IPO in Mexico and an international private placement under Rule 144A. °
• Representation of Casa de Bolsa Finamex in the registration of the first two structured bond programs issued by a financial institution in Mexico, for US$750 million. °
• Representation of the Stanford Bank Receiver in managing matters related to Stanford’s Mexican entities and operations. °
• Representation of a U.S. financial institution in a US$50 million cross-border financing for the development of a timeshare resort in Los Cabos, Baja California Sur. °

• Represented individual seller in the sale of Zoetry Hotel in Yucatán, totaling US$14 million and boutique hotel in Polanco, totaling US$8 million. °
• Represented international fund as lender in several financing true-sale transactions to Mexican borrowers in the small-medium lending business (Story, Zepelin, Konfio). °
• Representation of the trustor (an Evercore subsidiary) and trustee (Protego Fiduciary Division) in the structured monetization of petroleum revenues for the benefit of all 32 Mexican states, totalling approximately US$3 billion, rated AAA by Standard & Poor’s and Fitch on the local scale. °
• Assistance to Estrategia Financiera, financial advisor to the State of Baja California Sur, in a MX$1 billion structured loan and in the implementation of the first local infrastructure fund constituted by Mexico’s National Infrastructure Fund (Fonadin). °
• Representation of the agent in the securitization of local taxes of the State of Oaxaca, Mexico. °
• Representation of Asurion México in the implementation of an insurance product in collaboration with Alliance México, providing coverage against theft, loss, or damage of mobile phones through Telcel, Mexico’s leading mobile carrier. °

° The above representations were handled by Mr. Gay Lasa prior to his joining Greenberg Traurig S.C.

• Listed, Chambers Global — The World’s Leading Lawyers for Business, Capital Markets (Up & Coming), 2026
• Listed, The Best Lawyers, “Best Lawyers in Mexico”, 2024 – 2026
  • Capital Markets Law, 2024–2026
  • Real Estate Law, 2024–2026
• Listed, The Legal 500 Latin America Guide, Next Generation Partners, Real Estate, 2022–2026; Capital Markets, 2017, 2018, 2020
• Listed, Chambers Latin America — Latin America’s Leading Lawyers for Business, Capital Markets, Up and Coming, 2026; Associates to Watch, 2015–2017
• Listed, IFLR1000, Notable Practitioner, Capital Markets, 2019–2021; Rising Star Partner, Capital Markets, 2023, 2024
• Listed, Leaders League, México: Real Estate Law, 2023, 2024