RDIF, Mubadala and other ME Investors Expand PLT Logistics Platform and Invest in Orientir Sever-1 Complex
Posted on 08/07/2020
The Russian Direct Investment Fund (RDIF), Mubadala Investment Company (Mubadala), and a number of 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 capital from the Middle Eastern investors allowed PLT to expand its logistics portfolio by more than 30% this in 2020.
According to the RDIF press release, “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.”
Orientir’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.