RDIF and partners expand PLT logistics platform

Press release, 26.11.2019

Moscow, November 26, 2019 - The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund and Mubadala Investment Company, UAE’s sovereign wealth fund, have joined leading investment funds from the Middle East to announce the agreement between Professional Logistics Technologies (PLT) and Orientir, a full-service warehousing and industrial real estate developer. The agreement will result in the acquisition of a distribution center in the Moscow region and will increase PLT’s portfolio by over 25%.

The warehouse, located near Solnechnogorsk (the Moscow Region) is in close proximity to the Central Ring Road and has a total area of more than 100,000 square meters. Russia’s leading e-commerce company, Ozon, is the tenant of the A-class distribution center.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:

“RDIF together with partners from the Middle East supports the expansion of PLT’s logistics capacity and the strengthening of the platform’s competitive position aiming to increase its gross lease area to 1mn square meters. The development of logistics infrastructure in close proximity to busy commercial routes allows to optimize traffic flows and reduce delivery time, thus serving more customers. We will continue to seek new opportunities in the Russian logistics market.”

Andrey Postnikov, Director General of Orientir, said:

“Orientir creates a high-tech modern warehousing product of institutional quality, and long-term contracts with tenants enable this product to be highly appreciated by banks and investors. As part of our further development strategy, we have signed a contract with PLT for the sale of Sever-1 distribution center. Sever-1 is currently the largest leased fulfillment center for servicing online-orders in Russia and Orientir’s portfolio”.

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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. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than RUB1.5 tn and covering 95% of the regions of the Russian Federation. RDIF’s portfolio of companies employs more than 800,000 people and generates revenues which equate to over 6% of Russia’s GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than $40 bn. Further information can be found at www.rdif.ru

PLT logistics platform was created by RDIF and other co-investors in 2016 to invest in Russian Class A logistics complexes and meet the demand from Russian and foreign companies for high-quality infrastructure facilities. The company is among the top four logistics parks operators with a total area of 500.000 square metres in operation. Investment strategy envisages an increase in the number of PLT projects across the country, creating a leading player in the Russian logistics services market. The platform is aimed at introducing the best global practices in Russia from the leading logistics operators, development and management companies. Among the company's customers are leading world and Russian brands, including BMW, Auchan, Verny, Karcher, Hilti, HAVI, Dachser, Castorama, 220 Volts, etc. Further information can be found at www.pltrussia.ru

Orientir is is a full-service commersial real estate developer, specializing in construction and management of modern A+ class warehouses. The company has unique experience in selling the largest distribution centers for consumer goods and food products in the Moscow Region. It has also successful experience of selling more than 1 mn sq.m. of warehouse and industrial projects including specialized dry warehouses, temperature-controlled warehouses and deep-freeze chambers, warehouses with other special storage conditions, including licensed alcoholic and pharmaceutical ones. The company's portfolio includes 6 warehouse parks in the north, west and south of the Moscow Region (two of which are built and filled by tenants, some are built-to-suit projects for purchase), as well as new projects at the development stage. Utkonos, X5 Retail Group, OZON, Okey, Miratorg and others are among company’s customers.

For additional information contact:
Arseniy Palagin
Russian Direct Investment Fund
Press Secretary
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru

Maria Shiryaevskaya / Andrew Leach
Hudson Sandler

Tel: +44 (0) 20 7796 4133