Moscow, June 20, 2019 – The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, Mubadala Investment Company and other leading Middle Eastern investment funds announce the expansion of the Professional Logistics Technologies (PLT) platform with the construction of a new multi-temperature distribution centre, measuring more than 45.000 square meters, in PLT Chekhov industrial park.

 

The distribution centre (DC) will be built in accordance with the specific requirements of the tenant, grocery and convenience goods retail chain Verny, and will feature modern technological solutions for industrial facilities.

 

The building will include cameras to monitor several different temperature zones and dry storage areas, as well as administrative and technical facilities. Operations in the building will be organized on the principle of "cross-docking" (a continuous flow of goods without the need to place them in long-term storage). Commissioning of the facility is scheduled for the first quarter of 2020.

 

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

“This new project with Verny is another step in implementation of our strategy aimed at creating one of the largest logistics infrastructure operators in Russia. We are grateful to the partners with whom we concluded another major transaction in 2018 for their continued confidence and cooperation. We are confident that the new distribution centre in the PLT Chekhov park will enable Verny to optimize its supply chain providing the customers more affordable quality goods for low prices”.

 

Oleg Vysotsky, CEO of Verny store chain, noted:

“Verny is growing strongly and that requires an increase in our logistics capacity. When choosing a site for a new DC we focused on areas with good transport accessibility, a high level of site preparation, as well as a clear and reliable owner. We are confident that the location of a new DC in PLT Chekhov park and the expansion of our partnership with PLT will be a strong base for the development of our chain in the strategically important southern part of the Moscow region.”