Prologis, Inc. and La Caisse (formerly CDPQ) announced the creation of the Prologis Logistics Investment Venture Europe (PLIVE), a pan‑European joint venture that will acquire, develop and operate high‑quality logistics properties across France, Germany, the Netherlands, Sweden and the United Kingdom. La Caisse will hold a 70% ownership stake while Prologis will own 30% and serve as the operating partner, providing its asset‑management and development expertise to the platform.
PLIVE will initially combine approximately 844,000 square metres of Class A logistics space and is backed by roughly €1 billion in seed assets (CAD 1.6 billion). The venture is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals.
The partnership builds on a prior collaboration that began in 2019 when Prologis and La Caisse formed a logistics joint venture in Brazil. That earlier partnership demonstrated the two companies’ ability to combine capital and operational expertise to generate strong returns, and it provides a proven track record that underpins confidence in the new European platform.
Prologis’ recent financial performance supports the outlook for PLIVE. In the fourth quarter of 2025, the company reported earnings per share of $1.44, beating analyst expectations of $0.99, and revenue of $2.25 billion, exceeding estimates of $2.09 billion. The company also raised its quarterly dividend to $1.07, a 3.1% yield. Management guided for 2026 revenue of $2.12 billion and EPS of $0.806, with full‑year 2026 EPS guidance of $6.00–$6.20, reflecting confidence in continued demand and cost discipline.
"In the near term, policy uncertainty is making customers more cautious. But over the long term, limited new supply and high construction costs support continued rent growth. We're confident in the strength and resilience of our business," said Hamid R. Moghadam, co‑founder and CEO of Prologis. "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," added Rana Ghorayeb, Executive Vice‑President and Head of Real Estate at La Caisse.
The PLIVE joint venture aligns with Prologis’ Strategic Capital model, which leverages third‑party capital to expand its global footprint while generating fee‑based revenue. By combining La Caisse’s substantial capital with Prologis’ operational expertise, the venture positions the company to capture growth in a logistics market that is benefiting from supply‑chain restructuring, nearshoring, and e‑commerce expansion across Europe. The partnership also strengthens Prologis’ presence in key European markets and enhances its ability to deliver high‑quality, sustainably‑designed facilities that meet the evolving needs of global supply chains.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.