On April 9, 2026, La Caisse, formerly CDPQ, which is a global investment group, and Prologis, Inc. announced an agreement to form Prologis Logistics Investment Venture Europe – PLIVE, a new pan-European joint venture that will focus on buying, developing, and running high-quality logistics properties.
La Caisse will own 70% of the business, and Prologis will own 30%. The partners will share control of the business. As the operating partner of the platform, Prologis will bring specialized knowledge in asset management and development.
The PLIVE launch portfolio will give Europe’s high-quality logistics properties immediate scale and a strong base for long-term growth driven by demand. The two companies have been working together since 2019, when they set up a logistics joint venture in Brazil. This project builds on that relationship.
With about EUR 1 billion in seed money, the platform will start out by combining income-generating properties and development sites from both partners. There will be about 844,000 square meters of Class A logistics space in France, Germany, the Netherlands, and Sweden, as well as the United Kingdom.
According to the executive vice president and head of real estate at La Caisse, Rana Ghorayeb, “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.”
The Managing Director of Strategic Capital at Prologis, Ted Eliopoulos, 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 want to grow the platform by buying and developing properties along important European logistics corridors. They will use Prologis’ platform for sourcing, development, and operations.
Prologis will manage the properties on the PLIVE platform, speeding up leasing and development and making important strategic and financial decisions together. The companies are confident in the long-term fundamentals of the European logistics sector, as they change their supply chains, move production closer to home, and also keep investing in e-commerce.
The deal is expected to close in the second quarter of 2026, but it still needs to meet normal closing conditions and get regulatory approval.
Goldman Sachs & Co. LLC is the exclusive financial advisor for La Caisse.
