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. ”