RDIF and partners expand PLT logistics platform and invest in the "Orientir, Sever-1" logistics complex

Press release, 07.08.2020

Moscow, August 7, 2020 – The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, and a number of leading Middle Eastern investment funds announce the completion of the investment in Orientir's logistics park in the Solnechnogorsk district of the Moscow region. Orientir is a full cycle developer specializing in logistics and industrial real estate.

The investment by RDIF and its partners is aimed at further expanding the Professional Logistics Technologies (PLT) logistics platform. The Sever-1 logistics park, located close to the Central Ring Road and the M11 highway, includes a high-tech A-Class distribution center with a total area of 114,000 square meters and accompanying infrastructure. The park is leased to Ozon, Russia’s leading e-commerce company.

In 2019-2020, Orientir undertook the complete modernization of the logistics complex so that it meets the requirements which e-commerce companies impose on the infrastructure of fulfillment centers. For example, the layout of premises was redeveloped, engineering systems were modernized, and the building base for the installation of equipment was strengthened. The first stage of the Ozon logistics center in Khorugvino was brought into operation in June 2019, the total capacity of the fulfillment factory after the launch of the second stage will be about 380,000 parcels per day.

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

“Joint investments with Middle Eastern partners allowed PLT to expand its logistics portfolio by more than 30% this year alone and continue to develop the critical infrastructure required for the growth of e-commerce companies in Russia. We plan to expand the platform in the future by investing in new high-quality distribution centers that meet the requirements of growing companies.”

Elena Bondarchuk, Orientir Company shareholder, said:

“This investment transaction is the largest transaction with participation of foreign investors on Russian warehouse market in 2020. The agreement between Orientir and PLT confirms the interest of investors in high-quality warehouse projects with favorable location and attractive investment characteristics.”

Faris Al Mazrui, Head of Moscow Office at Mubadala, said:

“We are delighted to commemorate another successful investment by our portfolio company PLT, which will further support the development of Russia’s logistics infrastructure. Given the accelerating development of e-commerce in Russia, this transaction is particularly attractive and timely. Mubadala has a strong track record in the Russian market and we will continue to consider investment opportunities that can deliver sustainable returns over a long-term horizon. ”

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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 80 projects with foreign partners totaling more than RUB1.9 tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia’s GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 18 countries that total more than $40 bn. Further information can be found at rdif.ru

Orientir is a full-cycle logistics and commercial real estate developer, specializing in modern class A+ logistics complexes construction and operation with the unrivaled expertise in the implementation of the largest in Moscow region consumer goods and food products distribution centers. Orientir has a proven track record of over 1,000,000 sq. m of logistics and industrial projects implementation with various specifications – specialized dry warehouses, cold-temperature warehouses as well as warehousing facilities with other specific storage conditions including licensed alcohol and pharmacy products warehouses. The company's portfolio includes 6 logistics parks located in the north, west and south of Moscow Region; two of them are entirely constructed and occupied by tenants, while others represent the built-to-suit projects for sale as well as new projects at the development stage.

The list of company's clients includes, among others, Utkonos, X5 Retail Group, Ozon, O'Key, Miratorg, Lenta and other companies.

Since 2016 Orientir has become an annual winner of the prestigious award in nomination – “Commercial Real Estate Awards”. In 2019, the Governor of Moscow Region granted the prize to Orientir for Industrial Park in Solnechnogorsk district as the best “Industrial Park of the Year”.

In June 2019, Orientir launched in Saint-Petersburg construction of a multi-temperature complex for “Lenta” Russian hypermarket retail chain. During the same period, the company started construction of “Orientir-West” logistics park; the facility is located in Istra district of Moscow Region and will become the second-largest logistics complex in Russia. In July 2020, the company launched the construction of a new fulfillment center for Ozon Company in this park.

In June 2020, Orientir started the construction of a multi-temperature complex for “Perekrestok” Russian hypermarket retail chain. Learn more at www.orientir.ru

Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for its shareholder, the Government of Abu Dhabi.

Mubadala’s US $229 billion portfolio spans five continents with interests in multiple sectors including aerospace, ICT, semiconductors, metals and mining, renewable energy, oil and gas, petrochemicals, utilities, healthcare, real estate, pharmaceuticals and medical technology, agribusiness and a global portfolio of financial holdings across all asset classes.

Mubadala Capital was established in 2011 as the asset management arm of Mubadala, operating six integrated businesses focused on various asset classes and geographies that include private equity, public equities, credit, ventures, sovereign investment partnerships and Brazil. The unit invests globally across the capital structure in both public and private securities.

In addition to managing its own balance sheet investments, Mubadala Capital manages third party capital on behalf of institutional investors in four of its businesses, including through three private equity funds, two early stage venture funds and the Brazil special opportunities fund. Further information can be found at www.mubadala.com

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

Andrew Leach / Maria Shiryaevskaya
Hudson Sandler

Tel: +44 (0) 20 7796 4133

Ulyana Morozova
Orientir full-cycle developer

Press Secretary
Mobile: +7 965 331 20 13
E-mail: morozova.u@depo247.com