Financials​ 
Geographical Expansion

In 2023, RINA Prime not only strengthened its presence within Italy but also made strategic moves to expand geographically. The establishment of new offices in key European locations underscored our commitment to international growth. Following the creation of offices in the United Kingdom and Poland in 2022, we've continued to build on our capabilities to serve Italian clients with assets across Europe and tap into emerging ESG markets. 

These expansions are not just physical but also encompass the broadening of our service reach, enabling us to cater to a more diverse client base and address the unique demands of various regional markets. This geographic diversification is crucial as we strive to adapt to global trends and client needs, providing localized expertise while maintaining our global standards.

Innovation

This year, RINA Prime leveraged AI and technology to streamline processes, notably introducing an Avatars and Virtual Chatbot to support asset management companies and assist users of RINA REF Real Estate software. RINA has also supported commercial banks in the management of financing requests through a specific AI platform. Overall, collaboration with AI platforms has improved client interactions and service efficiency.

The group’s focus was on key areas such as innovation, decarbonization, and sustainability.

300+

asset integrity 

50+

project monitor for banks   

300+

site construction

24+

software integrated with AI 

1.5M

of real estate units managed with platform REF
Decarbonization and Sustainability

Building on the groundwork laid by Prime Green Solutions, our decarbonization efforts have paid off, leading to a rise in revenue from technical services. RINA has been delivering complete assistance for the decarbonisation of whole real estate portfolios, from assessment and energy modelling/audit (quick win analysis) of asset, to definition of intensive capex to improve the energy efficiency and monitoring of consumption data. Services provided this year have supported clients in improving energy efficiency and meeting sustainability goals, in line with European environmental standards, and in developing renewable energy plants on their assets.
ESG

During 2023, RINA’s supported commercial banks and investment companies in checking EU taxonomy alignment for the financing of new projects and existing buildings. Our services assist in the required classification of funds and assets in compliance with the new sustainable regulation within SFDR.
Integrated Services

RINA Prime covers all aspects of real estate asset lifecycle management, providing an all-encompassing suite of services from valuations and advisory to technical and property management. This integrated approach has solidified our market position. 

In 2023, RINA Prime continued to invest in areas vital to our growth and market position. Looking forward, we will keep enhancing our technology and sustainability offerings while integrating our expanded team and services to efficiently meet the market demands of our real estate customers. 

With a strong European foothold, RINA Prime is well-positioned to capture new opportunities and navigate the complexities of international real estate markets as we move into 2024.

PROJECTS

Commissioning of Retail and Office Area in Hamburg

Integration and commissioning of a new area in Hamburg

Starting in November 2023, this ongoing project involves the development of a new area on the Elba River in Hamburg, comprising office spaces, a shopping centre, hotel, and cruise terminal. RINA's role focuses on integrating all MEP systems and supervising tests and commissioning. This project is significant due to its size and the involvement of RINA's team of 20, emphasizing sustainable building practices with related certifications.

Project Atlante - Real Estate Properties Census for the Municipality of Rome

Creation of a digital real estate heritage tool

From April 2023 to January 2025, RINA is developing a digital tool for the public and various stakeholders to access and valorise real estate heritage in Rome. This innovative project connects different databases, including those managed by city departments and the client, integrated with the SEICON system. It highlights RINA's expertise in IT and digital platforms, offering a unique solution for the city of Rome.

ChatBot for REFTree

Development of a real estate software interaction tool

Beginning in June 2023 and ongoing, this project involves creating a ChatBot tool using OpenAI's ChatGPT 4 to facilitate user interaction with the REFTree Real Estate IT Software. This digital tool automates user-machine interactions, reducing the need for human support and is adaptable for various applications beyond real estate, such as e-learning and personal health monitoring.

Project Fidenza

Technical services for asset sale in Fidenza

Conducted over a brief period from June to July 2023, this project entailed providing technical due diligence, professional services, and sales support for the sale of eight assets by VITTORIA SPV s.r.l. to the Municipality of Fidenza. The challenge was to complete the sale within 40 working days, involving environmental due diligence and energy performance assessments, showcasing RINA's ability to integrate different companies and services efficiently.

Monitoring of Global Service Contract for Maintenance of University Building

Technical support for university building maintenance

Starting in January 2023 and ongoing, RINA is providing technical support to ensure proper maintenance execution and invoice verification for a real estate portfolio of 70 buildings at a university campus. This project allows RINA to assist a public entity in a public-private partnership, focusing on energy efficiency and enhancing RINA's service portfolio in technical and asset integrity services.

Support for the Public Authority for Building Compliance

Verification and technical assessment for building compliance in Bologna

Spanning 2022 to 2023, this project involves coordinating operational teams for checks on 'Certified Building and Habitation Conformity Reports' in Bologna. It leverages IT technologies like MA-RE and Remote Inspection tools, demonstrating RINA's capability in digitalized processes and providing clients with streamlined, error-reduced activities.

Porta Nuova Bonnet

Due diligence and assessment for a Milan real estate complex

In 2023, RINA conducted a full technical due diligence, including environmental aspects, climate risk, and vulnerability assessment for a real estate complex in Milan's Porta Nuova district. This project involved smart building infrastructure and adherence to sustainability certifications like LEED and WELL. It underscores RINA's technical and ESG expertise and its importance in handling prestigious client services.

Valorisation and Disposal of Non-Instrumental Real Estate Assets

Support for the sale of real estate assets across Italy

In 2023, RINA supported a major client in selling real estate assets no longer used for business purposes, spread across approximately 1,000 municipalities in Italy. The project involved a broad range of services, from valuations to marketing, focusing on environmental and energy sustainability. It highlights RINA's strategic role in significant corporate real estate objectives.

Advisory to Banks for Checking EU Taxonomy Alignment

Consultation for sustainable project funding compliance

Starting in 2023 and ongoing, RINA advises banks during the funding disbursement phase for projects requiring compliance with the EU Taxonomy Regulation. This involves specialized assessments to ensure sustainability based on EU environmental objectives. The project showcases RINA's innovative SMART TAXONOMY platform and its role in guiding clients towards sustainable economic models.

Siewierz Jeziorna Project

Valuation and market research for Poland's first sustainable town

In 2023, RINA supported the development of Siewierz Jeziorna, the first sustainable town in Poland, through valuation and market research. The project covers 130 hectares and is designed for ecological balance and sustainability. RINA's involvement demonstrates its expertise in valuing innovative, sustainable projects and influencing their direction.

Ex Falck Area: Independent Expert

Financial assessment for a Milan urban regeneration project

In August 2023, RINA assessed the market value of a large-scale urban regeneration project in Milan, involving more than 1.5 million sqm of mixed-use development. This project highlights RINA's financial and real estate competencies and its recognition as an independent credit expert.

LOAN SERVICES 2.0

Enhancing real estate evaluations for banks

From January to November 2023, RINA worked on improving the performance of real estate evaluations for banks through new IT systems, standards, and professional training. The project reduced average delivery times of appraisals, improved output quality and simplified order administrative management. This project highlights RINA's strategic focus on digitalization in the real estate sector and its commitment to providing professional services based on international standards.

Compliance Checks for Benefits (National Recovery and Resilience Plan)

Supporting financial institutions in Italy for subsidized loans

Starting in 2023 and ongoing, RINA supports financial institutions and banks in Italy to provide subsidized loans, ensuring compliance with the requirements established by the Italian PNRR through early control and ongoing monitoring of financial disbursements. This project involves multidisciplinary integration and a new IT platform, consolidating RINA's role as a strategic business partner for financial institutions.

Patrimonio Italia (Property Management)

Property management for a complex Italian real estate portfolio

Beginning in March 2023 and ongoing, RINA supports the Asset Management Company for the Italian Government in managing a portfolio of 86 large assets, including prestigious historic buildings used by major institutions. The project involves the digitalization of the entire portfolio using RINA's REFTREE platform, showcasing RINA's expertise in property management and digital solutions in real estate.