La Caisse (formerly CDPQ) and Prologis have launched a joint venture (JV) with a €1bn (£870m) logistics seed portfolio spanning France, Germany, the Netherlands, Sweden and the UK.
Prologis Logistics Investment Venture Europe (PLIVE) will focus on acquiring, developing and operating high-quality logistics properties to build on its 9m sq ft seed portfolio.
La Caisse and Prologis will hold 70% and 30% interests, respectively, with governance rights shared; Prologis will operate the platform.
“This JV brings together Prologis’s deep hands-on operational expertise and our vision to actively transform assets to enhance long-term value,” said Rana Ghorayeb, executive vice-president and head of real estate at La Caisse.
“Together, we will gain greater exposure to the European logistics sector, strengthen execution and maximise the performance and scale of our logistics portfolio.”
The venture builds on an established relationship between the two firms dating back to 2019, when they formed a logistics JV in Brazil.
Ted Eliopoulos, managing director, strategic capital at Prologis, said: “Our partnership with La Caisse is built on years of working together and delivering results.
“Together, we’re expanding that success in Europe, combining long-term capital with our operating platform to scale high-quality logistics assets across key markets.”
The transaction, expected to close in the second quarter of 2026, remains subject to customary closing conditions and regulatory approvals.
Goldman Sachs & Co acted as exclusive financial adviser to La Caisse.
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