Logistics real estate giant Prologis is expanding its global footprint, striking a new pan-European joint venture with global investment group La Caisse. The partnership underscores a growing appetite among institutional investors for logistics warehouses amid shifting global supply chains.<\/p>\n
The new platform, dubbed Prologis Logistics Investment Venture Europe (PLIVE), will initially include 1 billion euros ($1.17 billion) of logistics properties contributed by both firms. La Caisse will hold a 70% stake in the venture, leaving Prologis with 30% and the role of operating partner. Prologis (NYSE: PLD<\/a>) will also provide asset management and real estate development services as part of the agreement.<\/p>\n The initial portfolio includes approximately 844,000 square meters of Class A logistics space, giving the venture immediate scale across Europe\u2019s critical logistics corridors in France, Germany, the Netherlands, Sweden and the United Kingdom.<\/p>\n The PLIVE agreement builds on an existing relationship between the two firms, which previously partnered on a Brazilian logistics venture in 2019.<\/p>\n \u201cOur partnership with La Caisse is built on years of working together and delivering results,\u201d said Ted Eliopoulos, managing director of strategic capital at Prologis, in a news release. \u201cTogether, we\u2019re expanding that success in Europe\u2014combining long-term capital with our operating platform to scale high-quality logistics assets across key markets.\u201d<\/p>\n For both companies, the transaction represents a strategic push to capitalize on long-term market fundamentals. Companies are actively reshaping their supply chains and moving production closer to home\u2014trends that require strategically located warehouse space.<\/p>\n The transaction is expected to close in the second quarter. Goldman Sachs (NYSE: GS<\/a>) is acting as exclusive financial adviser to La Caisse.<\/p>\n \u201cWe have seen Prologis\u2019 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,\u201d said Rana Ghorayeb, head of real estate at La Caisse. \u201cThis joint venture brings together Prologis\u2019 deep hands-on operational expertise and our vision to actively transform assets to enhance long-term value.\u201d <\/p>\n Last month, Prologis announced the formation<\/a> of a $1.6 billion joint venture with institutional investor GIC. The GIC capital is earmarked for the U.S. market, specifically funding 4.1 million square feet of build-to-suit logistics space.<\/p>\n More FreightWaves articles by Todd Maiden:<\/a><\/p>\n Upcoming FreightWaves Events<\/p>\n Fraud & Security<\/p>\n Freight Fraud Symposium<\/p>\n Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.<\/p>\n May 20, 2026<\/p>\n Rock & Roll Hall of Fame \u2022 Cleveland, OH<\/p>\n Register Now<\/a><\/p>\n AI & Technology<\/p>\n Supply Chain AI Symposium<\/p>\n Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.<\/p>\n July 15, 2026<\/p>\n The Old Post Office \u2022 Chicago, IL<\/p>\n Register Now<\/a><\/p>\n Rail & Policy<\/p>\n Future of Rail Symposium<\/p>\n Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.<\/p>\n July 28, 2026<\/p>\n The Signal at Chattanooga Choo Choo \u2022 Chattanooga, TN<\/p>\n Register Now<\/a><\/p>\n \n Fraud & Security Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.<\/p>\n Rock & Roll Hall of Fame \u2022 Cleveland, OH \n AI & Technology Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.<\/p>\n The Old Post Office \u2022 Chicago, IL \n Rail & Policy Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.<\/p>\n
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