RDIF and the consortium of leading foreign investors announces its first investments in the logistics sector
Press release, 24.03.2016 http://pltrussia.ru/en_news/1701-RDIF-and-the-consortium-of-leading
Moscow, March 24, 2016 – The Russian Direct Investment Fund (RDIF) together with leading Middle Eastern investment funds have formed a logistics investment platform and announce its first transaction in the sector.
The investment is in two state-of-the-art logistics projects comprising over 200 thousand sq. meters of facilities and land for future development. The projects, which comply with leading international standards, are located in the Dmitrov and Chekhov Districts of the Moscow region in close proximity to the major cargo routes A107 and M11 (new highway connecting Moscow and St. Petersburg) and M2 (major highway connecting Moscow with the South of Russia) respectively. The developer of both projects is PNK Group, absolute leader of Class A+ logistics development in Russia. PNK Group plans to spend the funds from the investment to finance new development and construction projects in Russia.
RDIF together with Co-Investors in partnership with DG19, a leading development and property management company, will oversee the operational management of the logistics complexes. Leading Russian and international companies are residents in the complex. Investors are also considering additional investment to increase expand the facilities by another 300 thousand sq. meters.
The establishment of this business will satisfy the demand from the Russian and international companies for high quality well managed logistics infrastructure. The platform will focus on logistics projects initially in the Moscow region and will expand into other Russian regions. The partners plan to implement some of the best practices of the world’s leading logistics operators and development companies.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"We see the significant potential for investment and scale in logistics projects throughout the country. Companies operating in Russia require strategically located logistics complexes with efficient management and infrastructure in order to optimize their supply chains. This leads to a significant reduction in operating costs and boosts their competitiveness."