La Caisse, formerly CDPQ, has formed 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 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 €1 billion ($1.17 billion) in seed assets, the platform will initially combine income-generating properties and development sites contributed by both partners. This will include approximately 84
