Prologis Teams with La Caisse on $1.17B European Warehouse Platform

Key Details Logistics real estate leader Prologis has launched a major joint venture across Europe with investment group La Caisse. The new Prologis Logistics Investment Venture Europe (PLIVE) platform starts with $1.17 billion in warehouse assets and 844,000 square meters of Class A space. Deal Structure La Caisse holds a 70% stake while Prologis retains 30% and operational control. Prologis will manage assets and oversee real estate development across France, Germany, the Netherlands, Sweden and the United Kingdom. The partnership builds on their successful 2019 Brazilian logistics venture. Why It Matters Shippers are reshoring operations and restructuring global supply chains, driving demand for strategically located warehouse space. This venture combines La Caisse's long-term capital with Prologis' hands-on operating expertise to capture growth in critical European logistics corridors. Timeline and Context The transaction closes in Q2 with Goldman Sachs advising La Caisse. This move follows Prologis' recent $1.6 billion U.S. joint venture with GIC, showing the company's aggressive expansion through institutional partnerships. Both deals capitalize on reshoring trends reshaping industrial real estate.