Investment group La Caisse and Prologis, Inc. have reached an agreement to launch a pan-European joint venture named Prologis Logistics Investment Venture Europe (PLIVE). The new platform is designed to acquire, develop and manage high-quality logistics properties across the continent.

The venture starts with a seed portfolio valued at approximately EUR 1 billion, or CAD 1.6 billion. This initial collection includes 844,000 square metres of Class A logistics space situated in France, Germany, the Netherlands, Sweden and the United Kingdom. Both companies are contributing income-generating assets and development sites to the platform.

Under the terms of the deal, La Caisse will own 70 per cent of the venture, while Prologis will hold the remaining 30 per cent. While Prologis serves as the operating partner, providing asset management and development expertise, both firms will share governance rights. The two companies previously collaborated on a similar logistics venture in Brazil in 2019.

Rana Ghorayeb, Executive Vice-President 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 maximize the performance and scale of our logistics portfolio.”

Ted Eliopoulos, Managing Director, Strategic Capital at 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.”

The partnership plans to expand by targeting core European logistics corridors. Major strategic and financial decisions will be made jointly, though Prologis will handle day-to-day operations and leasing. The deal is expected to close during the second quarter of 2026, provided it receives regulatory approval. Goldman Sachs & Co. LLC served as the financial advisor for La Caisse.