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 Moscow region, according to a statement by the Russian Direct Investment Fund.
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, the statement notes.
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.
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.
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 RUB 1.5 trillion 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 15 countries that total more than $40 billion.
