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.
RDIF and partners expand the PLT logistics platform
1. RDIF and partners expand the PLT logistics platform
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 RussianDirectInvestment 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 Moscowregion.”
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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
2. 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 1.5tn 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 established joint strategic partnerships with leading
international co-investors from more than 15 countries that total more than $40bn.
Further information can be found at www.rdif.ru
PLT logistics platform was created by RDIF and other co-investors in 2016 to invest
in Russian Class A logistics complexes and meet the demand from Russian and
foreign companies for high-quality infrastructure facilities. The company is among
the top four logistics parks operators with a total area of 500.000 square metres in
operation. Investment strategy envisages an increase in the number of PLT projects
across the country, creating a leading player in the Russian logistics services market.
The platform is aimed at introducing the best global practices in Russia from the
leading logistics operators, development and management companies. Among the
company's customers are leading world and Russian brands, including BMW,
Auchan, Verny, Karcher, Hilti, HAVI, Dachser, Castorama, 220 Volts, etc. Further
information can be found at www.pltrussia.ru
PLT Chekhov Industrial Park, owned by PLT, is located in the Chekhov district of
the Moscow region in close proximity to the federal highways M2, A107 and A108.
The total area of the park is 90.7 hectares, including more than 77 hectares for further
development. Large Russian and international companies are residents of PLT
Chekhov including Lenta, Castorama, BAXI, Gard.
Verny store chain is one of the youngest and fastest growing chains in the country.
The first Verny supermarkets opened in October 2012 in Moscow and St. Petersburg.
By the end of the same year the chain included 35 stores growing to 150 stores in
seven regions of the Russian Federation by the end of 2013. Today the company
operates more than 740 supermarkets in four key regions: Central, North-West, Ural
and Volga as well as distribution centers in the Moscow region, St. Petersburg,
Yekaterinburg and Kazan. The chain employes more than 10.000 people. In the
second half of 2018, it introduced a loyalty program, and today more than 40% of
sales are made using customer cards. The annual growth of retail outlets and the
expansion of the coverage area confirm the propriety of the business model. The
company focuses on "mutual respect and trust" with customers, the social orientation
of stores and original advertising campaigns. The slogan of the stores is “True
3. quality. True prices! ” put to practice in the strict control of the goods on sale and the
pricing.
For additional information contact:
Arseniy Palagin Maria Shiryaevskaya/ Andrew Leach
Russian Direct Investment Fund Hudson Sandler
Press Secretary Tel: +44 (0) 20 7796 4133
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru