Prologis (NYSE:PLD), the global leader in logistics real estate, and La Caisse de dépôt et placement du Québec (CDPQ) announced on April 9, 2026, the launch of Prologis Logistics Investment Venture Europe (PLIVE).
The new pan-European joint venture is anchored by a €1 billion seed portfolio comprising premium logistics assets across the continent’s most critical trade corridors.
The venture’s initial portfolio consists of approximately 844,000 square meters of Class A logistics space strategically located in France, Germany, the Netherlands, Sweden, and the United Kingdom.
Under the terms of the agreement, La Caisse will hold a 70% stake in the venture, while Prologis will retain the remaining 30%.
Prologis will serve as the operating partner, leveraging its global platform to manage the properties and execute the venture's long-term growth strategy.
The partnership represents a significant commitment to the European industrial sector, which continues to see robust demand driven by e-commerce expansion and the restructuring of global supply chains.
By focusing on Class A assets—typically defined by modern construction, high ceilings, and sustainable design—the venture aims to capture premium rents from credit-worthy multinational tenants.
The transaction is expected to close in the second quarter of 2026.