La Caisse has joined forces with Prologis to create Prologis Logistics Investment Venture Europe (PLIVE), a new pan European joint venture focused on acquiring, developing and operating high-quality logistics properties.
La Caisse and Prologis will hold 70% and 30% interests, respectively, with governance rights shared between the partners. Prologis will provide specialised asset management and development expertise as the operating partner of the platform.
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.
With approximately €1bn in seed assets, the platform will initially combine income-generating properties and development sites contributed by both partners. This will include approximately 844,000sqm of Class A logistics space across France, Germany, the Netherlands, Sweden and the UK, the partners said.
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, 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 partners plan to expand the platform through acquisitions and development across key European logistics corridors, leveraging Prologis’ sourcing, development and operating platform, the pair said in a statement.
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