Company Profile AxiA.RE, You’re in good hands. AxiA.RE is one of the top Italian independent operators in qualifications, thus confirming our commitment to ensuring the real estate valuation sector. compliance with international valuation standards, alongside A comprehensive service portfolio, including Due Diligence, a rigorous, high-level code of private and professional Project Management, Loan Services and an array of speciali- ethics. sed technical services. AxiA.RE is a RICS - Royal Institution of Chartered Surveyors It is also thanks to the support of our subsidiaries, RINA regulated Company and has obtained the UNI EN ISO Prime Value Services and AstaSy, that we are able to pro- 9001:2015 Quality System certifications. vide a top-tier service, professionalism, and consolidated expertise in the real estate and banking sectors. The know-how embedded in our services is strengthened by the largest structured data & business intelligence system focused on Real Estate available on the Italian AxiA.RE implements an integrated skillset to ensure a market. top-tier service that provides the Client with deep market knowledge combined with a thorough expertise in the AxiA.RE operates in compliance with Ministerial Decree most sophisticated valuation models. n. 30 dated 05/03/2015 (regulation implementing art. 39 of the Italian Consolidated Law on Financial AxiA.RE. Innovative tools, dependable knowledge, and Services) and possesses all the necessary professional best market practice. At AxiA.RE, know-how, innovative technologies and ongoing research and development, as well as a full Independence from the investment and property management processes all combine into a comprehensive range of services that can meet all our Clients’ needs. “Reliability and competence, with a strong attitude towards innovating our pro- duct and working process, alongside a problem-solving approach capable of taking into account the most varied market signals. A top-level consultancy always serving the Client.” Ugo Giordano 2 A present of substance, grounded in value. AxiA.RE was founded in 2016, and is born from the AxiA.RE is at the cutting edge in its field, in terms of both passion and professionalism of some of the most promi- experience and competencies. nent figures on the Italian Real Estate market, who com- In order to further consolidate its skillset and range of bined their expertise, cultivated over years of dedication services, at the end of 2018, in partnership with RINA at the top levels of leading Advisory, Valuation and RE Multinational Group, AxiA.RE founded RINA Prime Value Service enterprises to create the sole structured company Services, a company specialising in asset management whose Core Business is Valuation and in particular the support services geared toward banking institutions. Independent Expert activity. During the same year, AxiA.RE also incorporated AstaSy, which owns and runs AuctionSY, the only Auction Big The firm became operational immediately, thanks to the Data on the Italian market. acquisition of the Independent Expert business branch from Patrigest Spa (Gabetti Group), AxiA.RE went on to AxiA.RE works with guaranteed success alongside insti- successfully become one of the leading national opera- tutional investors, pension funds, insurance companies, tors on its market of reference. banks and financial institutions who invest and/or finance single assets, portfolios and development projects. Today, the technical structure set up and operated by Piercarlo Rolando Ugo Giordano Silvano Boatto Founder and CEO Founder and Chairman General Manager 3 People and expertise make the difference. AxiA.RE’s Board of Directors and Management Team The Company’s technical-organisational structure can meet comprise professionals of the highest standing who have the requirements of the most demanding assignments, in specialised in the industry over years of dedication in terms of both project dimensions and the quality of our per- prominent senior positions. sonnel. Our technical structure is focused on a deep know- ledge of market value and a strong proficiency in valuation The AxiA.RE Board of Statutory Auditors is formed by Ric- methods, enabling us to work alongside the Client on all cardo Bolla (Chairman of the Board of Auditors), Federico Real Estate Asset Classes, even the most complex and spe- Berruti (Statutory Auditor) and Elisa Dezzani (Statutory Au- cialised (e.g. office, residential, retail, manufacturing, hotel ditor). & leisure, golf & marina, development, energy). Management team. Dedicated to the Real Estate industry from the outset of his career, Ugo Giordano was the reference Shareholder and Chief Executive Officer of La Gaiana S.p.A., one of the first Real Estate Companies listed on the Italian Stock Exchange. He was then appointed CEO of Gabetti Property Solutions S.p.A., a Company also listed on the Stock Exchange since 1990. He further held top-ranking positions in Gabetti Property Solutions Agency S.p.A, Patrigest S.p.A., Abaco Team S.p.A., Tree Real Estate S.r.l., Gabetti Franchising Agency S.r.l., Professionecasa S.p.A. and Grimaldi Franchising S.p.A. In 2018, Ugo also assumed the role of Vice-Chairman of the RINA Prime Value Ugo Giordano Services Board of Directors, and Chairman of the AstaSy BOD. Founder and Chairman A key figure in the Real Estate industry since 1992,Piercarlo Rolando has held increasingly prominent positions at REAG (Real Estate Advisory Group), at the time part of the American Appraisal Group (now, Duff & Phelps), gaining significant experience over more than 20 years, up to his appointment as General Manager and Managing Director for the Group. With REAG, he founded and became the CEO of Reag 4 Loans, a leading Valuation Company working with Banks in the process of allocation of credit. In 2014 Piercarlo became the Strategy and Development Director for the RE Services Unit at Prelios Group, as well as the Manager of the Integrated Services Business Unit, holding the COO position for Piercarlo Rolando Founder e CEO the three Companies within the Group that operate in the industry: Prelios Integra, MRICS Prelios Valuation and Prelios Agency. In 2017 he was named Chairman of the Assoimmobiliare Committee for Credit Valuation, significantly contributing, during his mandate, to the drafting of the new ABI Guidelines for credit valuation. Since 2018, he also sits on the Boards of Directors of RINA Prime Value Services and AstaSy. Silvano Boatto has been working in the industry for over 15 years, after starting his career as Real Estate Development Assistant Professor at the University of Innsbruck (Austria). He joined REAG (now, Duff & Phelps) in 2003 as Project Manager for both the Italian and foreign offices, going on to take over the role of Head of Valuation & Advisory at the Rome headquarters in 2005. He has since been in charge of the valuation and strategic consultancy services related to investment, management and disposal activities for single assets and real estate portfolios. Silvano has managed significant Real Estate Investment Fund valuation assignments in his capacity as Inde- pendent Expert on behalf of prominent AMCs. Silvano Boatto General Manager Over the years, Silvano has given numerous lectures with the main RE Master’s and MRICS training programmes with La Sapienza University in Rome, Nottingham Trent University (UK), the Polytechnic University in Milan, the Luiss Business School, the Italian Deposits and Loans Fund and the State Property Agency. 4 Team Group and Network. The permanent Teams based at AxiA.RE’s Head Offices in Florence, Padua, Naples, and Bari. Milan and Rome consist of more than 30 Senior Valuers, 30 Reviewers, and 10 senior Collaborators in the field of Each technician is registered with their professional Due Diligence and Complementary Technical Services, association/registry of reference and is equipped with each provided with specific skillsets in their fields of expertise specialised experiences gathered over many years of (leasing, town planning, cadastre, construction, utility training, and diversified expertise in real estate, environmental engineering, health & safety, environment, etc.). studies, and workplace safety. The permanent teams are supported by our Network AxiA.RE professionals come from multifaceted educational of more than 200 professionals who provide extensive and professional backgrounds, providing an unmistakeable coverage of the national territory. Local direction and asset in building the team’s analytical and management coordination is entrusted to the Focal Points in Turin, capacities. Educational backgrounds Academic qualifications principal key people PhD 9% 18% MRICS 41% Technical training Master 55% 82% Social sciences Graduation 91% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 10 0% Our team stand out for their valuable experience in all stages of the business and lifecycle relating to real property assets. Expansion Stabilisation Decline Recovery Market financialization Credit expansion Credit crunch Quantitative easing 2001/2001 - first investment funds Investment fund market Strengthening of regulatory Yield compression consolidation framework 30% of resources 40% of resources 60% of resources 90% of resources AxiA.RE operates across Europe thanks to a consolidated Thanks to the partnership commenced in 2018 with the RICS – Royal Institution of Chartered Surveyors – accredi- RINA Group, a multinational corporation with locations ted Professional Network. in 65 countries worldwide, AxiA.RE has now acquired