La Caisse, a global investment group, and Prologis have announced an agreement to create Prologis Logistics Investment Venture Europe (PLIVE), a new pan–European joint venture focused on acquiring, developing and operating high-quality logistics properties. Goldman Sachs & Co. LLC acted as financial advisor to La Caisse.
With approximately €1 billion in seed assets, the platform will initially combine income-generating properties and development sites contributed by both partners. This will include approximately 844,000 sqm of Class A logistics space across France, Germany, the Netherlands, Sweden and the United Kingdom.
Under the arrangement, La Caisse will hold a 70% stake, while Prologis will retain 30%, with governance rights shared between the partners. Prologis will also provide specialized asset management and development expertise as the operating partner of the platform.
According to Prologis, the PLIVE launch portfolio will provide “immediate scale in Europe's key logistics corridors and a strong foundation for demand-led, long-term growth”. This venture builds on an established relationship between the two firms dating back to 2019, when they formed a logistics joint venture in Brazil.
The transaction, expected to close in the second quarter of 2026, remains subject to customary closing conditions and regulatory approvals.
"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," said Rana Ghorayeb, Executive Vice-President and Head of Real Estate at La Caisse.
"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," stated Ted Eliopoulos, Managing Director, Strategic Capital, Prologis.
