La Caisse and Prologis will hold 70 percent and 30 percent interests, respectively, with governance rights shared between the partners. Prologis will provide specialized 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 EUR 1 billion in seed assets (CAD 1.6 billion), the platform will initially combine income-generating properties and development sites contributed by both partners. This will include approximately 844,000 square metres of Class A logistics space across France, Germany, the Netherlands, Sweden and the United Kingdom.

“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. “Together, we will gain greater exposure to the European logistics sector, strengthen execution, and maximize the performance and scale of our logistics portfolio.”

“Our partnership with La Caisse is built on years of working together and delivering results,” said Ted Eliopoulos, Managing Director, Strategic Capital, Prologis. “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.

While the PLIVE platform will benefit from a shared pipeline of opportunities, Prologis will manage the properties, including accelerating leasing and development, with major strategic and financial decisions made jointly. The joint venture 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.

The transaction, expected to close in the second quarter of 2026, remains subject to customary closing conditions and regulatory approvals.