RDIF AND CONSORTIUM OF MIDDLE EASTERN INVESTORS ANNOUNCE COMMITMENT TO EXPAND RUSSIAN LOGISTICS INVESTMENT PLATFORM
Press release, 20.04.2017
Moscow, 20 April 2017 – The Russian Direct Investment Fund (RDIF) together with Mubadala Development Company and other leading Middle Eastern investment funds have committed to new investment in Russian regional logistics facilities within the Professional Logistics Technologies (PLT) network.
PLT was set up by RDIF, Mubadala and other co-investors in 2016 to expand and enhance Russia’s grade A logistics infrastructure and to meet demand from Russian and international companies for high quality well managed logistics infrastructure.
The new investment is in two state-of-the-art logistics facilities located in the Novosibirsk and the Moscow regions. The facilities were built to satisfy a growing demand for supply chain efficiency of leading Russian and global businesses. This is a second transaction between PLT and PNK Group, which has designed and constructed these facilities. They span over 84 thousand sq. meters in total and are conveniently located close to major transportation routes. PNK Group is the leader of Class A+ logistics development in Russia and continues to develop new projects in Russia.
Following the completion of the transaction, PLT will own and operate a network of over 290k sq. meters of facilities and a total planned network of 590K sq. meters’ logistics facilities.
Investors are planning to grow the portfolio of PLT’s modern logistics facilities to become the leading player in logistics facilities in Russia with a network of facilities throughout the country. PLT is committed to implementing some of the best practices of the world’s leading logistics operators and development companies.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), noted:
"RDIF continues to invest in the growth of the logistics sector with the first regional investment. We see significant need from Russian and multinational companies for modern logistics infrastructure in Russia. We are pleased to provide logistics infrastructure designed to the highest global standards to meet the demanding needs of customers.”
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at www.rdif.ru
For additional information contact:
Russian Direct Investment Fund
Director of External Communications
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
Andrew Hayes / Yulianna Vilkos
Tel: +44 (0) 20 7796 4133