La Caisse, Prologis in €1B Europe logistics deal

La Caisse and Prologis have agreed to create Prologis Logistics Investment Venture Europe (PLIVE), a new pan-European logistics joint venture focused on acquiring, developing and operating high-quality logistics properties across Europe.

The partners announced the agreement on April 9, 2026, stating that the transaction is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals.

PLIVE will be anchored by a seed portfolio of approximately EUR 1 billion in logistics assets, providing immediate scale in Europe’s key logistics corridors and a foundation for long-term, demand-led growth.

The platform reflects the companies’ confidence in the long-term fundamentals of the European logistics sector as companies reshape supply chains, move production closer to home and continue to invest in e-commerce.

Under the agreement, La Caisse will hold a 70% interest in PLIVE, while Prologis will hold 30%. Governance rights will be shared between the partners.

Prologis will serve as the operating partner, contributing specialized asset management and development expertise and managing the properties within the platform.

Major strategic and financial decisions for the joint venture will be taken jointly by La Caisse and Prologis, while Prologis will lead day-to-day operations, including leasing and development activities.

The structure is intended to combine long-term capital from La Caisse with Prologis’ operating platform to scale high-quality logistics assets across key European markets.

The PLIVE launch portfolio consists of approximately EUR 1 billion in seed assets, combining income-generating properties and development sites contributed by both partners.

These assets include logistics assets located in France, Germany, the Netherlands, Sweden and the United Kingdom.

The initial portfolio is designed to provide immediate exposure to Europe’s core logistics corridors, offering both stabilized assets and development opportunities.

The partners plan to grow the platform through disciplined acquisitions and new developments across Europe’s key logistics markets.

The new venture builds on a prior partnership between La Caisse and Prologis in Brazil.

Rana Ghorayeb, Executive Vice-President and Head of Real Estate at La Caisse, said the Brazil partnership demonstrated Prologis’ capabilities to drive returns and that PLIVE will leverage both firms’ strengths to create a consolidated pan-European platform.

Ghorayeb highlighted that the joint venture is intended to increase La Caisse’s exposure to the European logistics sector, strengthen execution and maximize the performance and scale of its logistics portfolio.

Ted Eliopoulos, Managing Director, Strategic Capital at Prologis, said the partnership is based on years of working together and that the European venture combines long-term capital with Prologis’ operating platform to scale logistics assets across key markets.

PLIVE’s growth strategy will rely on a shared pipeline of opportunities, with Prologis sourcing, developing and operating assets and La Caisse providing capital support.

Prologis will focus on accelerating leasing and development within the platform, while both partners will jointly oversee major strategic initiatives and capital allocation decisions.

Goldman Sachs & Co. LLC (GS) acted as exclusive financial advisor to La Caisse in connection with the formation of the joint venture.

The parties describe PLIVE as a long-term platform intended to expand in step with demand in European logistics markets.