La Caisse and Prologis form European logistics partnership

Global investment firm La Caisse (formerly CDPQ) and Prologis have announced a new joint venture called Prologis Logistics Investment Venture Europe (PLIVE).

Logistics

This partnership will focus on buying, developing, and managing high-quality logistics properties across Europe.

La Caisse will own 70% of PLIVE, with Prologis holding 30%. Both companies will share governance rights, and Prologis will manage the assets and handle development as the operating partner.

PLIVE will launch with €1 bn in initial assets in Europe’s main logistics areas. This initial portfolio will include around 844,000 m2 of top-tier logistics space in France, Germany, the Netherlands, Sweden, and the UK. This venture expands on a successful partnership between the two companies that began in 2019 with a logistics joint venture in Brazil.

The partners intend to grow PLIVE by acquiring and developing new properties in key European logistics corridors, utilizing Prologis's expertise in sourcing, development, and operations.

Prologis will manage the properties, focusing on leasing and development, while major strategic and financial decisions will be made jointly.

The deal is expected to finalise in the second quarter of 2026, pending standard closing conditions and regulatory approvals.

Rana Ghorayeb, executive VP and head of Real Estate at La Caisse, said: “We have seen Prologis’ best-in-class capabilities to drive returns firsthand through our partnership in Brazil, and we are building on our combined strengths to create a truly consolidated pan-European platform. This joint venture brings together Prologis’ deep hands-on operational expertise and our vision to actively transform assets to enhance long-term value. Together, we will gain greater exposure to the European logistics sector, strengthen execution, and maximise the performance and scale of our logistics portfolio.”

Ted Eliopoulos, managing director, Strategic Capital, Prologis, added: “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.”