RINA has taken a decisive step in consolidating its position in the European real estate services market by signing binding agreements for the acquisition of 100% of GLOVAL. Announced in Madrid on 19 December 2025, the transaction represents a strategic milestone for the Group, significantly expanding its footprint in real estate valuation, technical advisory, and advanced big data and AI solutions for the property sector.
Founded in 1985, GLOVAL is currently the third-largest player in Spain’s real estate valuation market, with revenues exceeding €31 million and a workforce of more than 270 professionals mainly based in Spain and Portugal, as well as in other markets. Through this acquisition, RINA integrates a highly specialised operator with strong expertise in property valuations, technical consultancy, and AI-driven data analytics, broadening the range of services offered to banks, investment funds, institutional investors, public authorities, and private clients.
The deal fits squarely within the growth strategy of RINA Prime Value Services, already active in Italy, the United Kingdom, Germany and Poland, and contributes to the creation of a truly European platform for integrated real estate services. The combined capabilities of RINA and GLOVAL will allow clients to be supported throughout the entire life cycle of real estate assets, from greenfield and brownfield development to asset management, enhancement and disposal. The transaction remains subject to approval by the Banco de España.
A key element of the operation is continuity. GLOVAL’s teams and management will continue to operate primarily in the Iberian market, preserving their identity, independence and close relationships with clients, while benefiting from RINA’s global scale, technical resources and organisational strength. For the market, this translates into more integrated solutions, enhanced analytical capabilities and a stronger geographical presence across Europe.
Commenting on the acquisition, Ugo Salerno, Executive Chairman of RINA, highlighted the Group’s long-standing growth path, often driven by targeted strategic acquisitions. Integrating GLOVAL, he noted, reinforces RINA’s ability to create value across the entire real estate asset life cycle and strengthens its position in markets identified as key for future growth. Carlo Luzzatto, Chief Executive Officer and General Manager of RINA, emphasised that the entry of GLOVAL further consolidates the Group’s international presence in real estate and accelerates investment in AI-driven technologies, which are increasingly central to delivering high-quality, data-intensive services.
From GLOVAL’s perspective, Roberto Rey, Chairman and CEO, described RINA as the ideal industrial partner, combining deep knowledge of the Iberian real estate market with an international scale capable of expanding solutions and services for banks, funds and investors, while reinforcing GLOVAL’s role as a strategic partner for the real estate sector in Spain and across Europe.
Several advisors supported the transaction. New Deal acted as financial and tax advisor to RINA Prime Value Services, Roland Berger carried out the business due diligence, Cuatrecasas served as legal and labour advisor, and EY provided support on information technology matters.
With this acquisition, RINA strengthens its ambition to build a European hub for real estate services, combining technical expertise, digital innovation and local market knowledge at a time when data quality, sustainability and reliable valuations are becoming increasingly critical for investment decisions.
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