Support for corporate governance

Real Estate Portfolio Enhancement and Optimisation

Over the last few years, medium and large enterprises have been experiencing a series of sweeping changes resulting not only of the current economic climate, but also compounded with
recent technological advances and new working models. It is therefore to be expected that these developments also impact real estate management, with companies now having to reinvent their strategies and adapt to an ever-evolving market.

The Corporate Real Estate Business Unit at RINA Prime assists our corporate Clients with an array of specialised real estate advisory services aimed to support executives charged with setting up internal decision-making processes linked to either expanding or optimising their corporate real estate portfolio.

The main activities offered by RINA Prime in this field include:

  • Analyses for operating assets geared to enhancement, optimisation, and restructuring processes.
  • Strategic support for enhancing or divesting non-operating assets.
  • Strategic assistance in defining corporate decision-making processes.
  • Real Estate investment/divestment analyses.
  • Feasibility studies for decommissioned or unused building complexes.

Management Model and Corporate Facility Analysis

Asset management cost optimisation is no longer just a beneficial opportunity, but rather, has gradually become an unavoidable responsibility on the management’s behalf. This is why working with a qualified technical partner is crucial to objectively analyse a corporation’s organisational model and operating costs, namely all the expenditure items accounted for to ensure the desired performance of the facilities housing a company’s core business, and to advise management on the more appropriate courses of action.

Thanks to the Group’s synergic, multidisciplinary approach, RINA Prime can provide corporate Clients with a high value-added analysis & planning service, specifically:

  • Operating cost optimisation for facilities and infrastructure.
  • Process rationalisation and cost optimisation
  • Implementation of Sound and Efficient Management programs for energy consumption and energy savings.
  • Inspections for real estate assets
  • Archival documentation management.

Building compliance

The handling of documental records relating to complex real estate portfolios is an increasingly central theme, especially now owing to the recent transition from a once static approach to a more
dynamic asset management model, be it for operating or investment properties, or those undergoing redevelopment/conversion operations or being put on the market.

The ability to rely on a comprehensive, accurate data room is a common requirement among real estate professionals, and the potential risks arising form a mismanaged archive or from lacking
documental records are well known to those working in Asset, Property, and Facility Management, as these are often the root causes of negative spill-over effects on the wider Corporate Governance system.

Some of the key advantages of adopting a dynamic, active real estate recordkeeping system:

  • Greater efficiency in managing opex/capex and setting priorities. 
  • Risk monitoring and mitigation aimed to limit issues that may result in serious consequences (either reputational, environmental, etc.)
  • Promoting asset redevelopment and correspondingly, enhancing value.
  • Greater efficiency in decision-making processes and commercial/profitability management for corporate real estate portfolios
  • Early tracking of any inspections and/or audits required by supervisory and control bodies, both internal and external.
  • Facilitating relations and communication with Public Authorities.
  • Expediting stakeholder consensus-searching and support strategies.

Tenant representation

A basic requirement to keep up with the continuing evolution of the real estate market and the tenant’s needs is having access to accurate, competent technical-economic analyses focused on
reaching the highest achievable degree of efficiency in corporate operations.

RINA Prime assists Clients in examining their leasing situation both in terms of space usage and economics to better align their objectives with what is available on the market. Our primary objective is to provide support for strategy development, cost projection, and finding the more flexible, functional, and economically sustainable solutions.

RINA Prime’s tenant representation service can prove useful in either of the following scenarios:

Search for new spaces

  • Analysis of the required asset size class and objective sharing
  • Market research to provide the Client with the various available options
  • Economic-financial analyses
  • Client support in negotiating with the Property

Re-negotiating terms for occupied spaces

  • Support in negotiating with the Property on behalf of the Tenant.
  • Economic-financial benchmarking appraisals in the event of moves to new premises
  • Support during the closing of new rental agreements.
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RINA Prime