RDIF, Mubadala, PNK Group to support Auchan’s expansion to Russian regions
The Russian Direct Investment Fund (RDIF), the Mubadala Investment Company and other leading Middle Eastern funds will keep investing in the logistics infrastructure platform Professional Logistics Technologies (PLT) that has invested in the construction of a high-tech distribution center in PNK Park Kosulino in Yekaterinburg for Auchan Retail Russia, part of the French-based retail chain Auchan, the RDIF said in a statement on Wednesday.
"The new logistics center will help Auchan to implement its regional development program and increase the availability of quality products for the population. On the eve of a French delegation to SPIEF-2018, led by President Macron, it will also significantly contribute to the further strengthening of Russian-French business cooperation," the RDIF CEO Kirill Dmitriev was quoted as saying.
A multi-temperature distribution center covering 30,000 square meters is being built by the Russian industrial real estate developer PNK Group under the built-to-suit model. Auchan Retail Russia acts as a long-term tenant of the facility.