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The RFPI agreed on joint investments in warehouse real estate and logistics

The Russian Direct Investment Fund (RDIF), leading Middle Eastern investment funds and Development Group 19 (DG19), a leading Russian company in the field of real estate development and management, have agreed to jointly invest in the creation of Class A warehouse real estate in the Russian Federation ... The press service of the Fund reports.

The Fund expects an increase in demand “for premium objects of the logistics infrastructure in the medium and long term,” which makes such objects attractive for investment. At the initial stage of the project, the RDIF and co-investors intend to focus on the development of logistics infrastructure in the Moscow region market, which is the largest transport hub serving Moscow and other regions of the Russian Federation.

“In the Russian market there are still not enough high-quality logistics infrastructure facilities. Thus, the provision of logistics centers in Moscow is 800 square. m. on 1 thousand people, which is approximately two times lower than in other cities of the world. The demand for such facilities is stimulated by the development of industrial and commercial enterprises, including e-commerce, as well as the need to improve the efficiency of global supply chains, ”said RDIF General Director Kirill Dmitriev.

During the implementation of the project, the RDIF intends to attract the best world practices in the creation of industrial real estate objects from leading companies-owners, operators and developers of the logistics infrastructure. "The development of logistics centers will contribute to reducing costs for industrial and trading companies in Russia, which, in turn, will have a positive impact on pricing and competitiveness of Russian business," the Fund said. 

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