New mega platform for European logistics investments

In the new structure, La Caisse will hold a 70% stake and Prologis, Inc. 30%, while governance will be shared jointly. Prologis will act as the operating partner, providing specialised expertise in real estate management and development.

The initial portfolio of PLIVE provides immediate exposure to key European logistics markets and lays the foundation for long-term, demand-driven growth. The partnership builds on the two companies’ existing relationship dating back to 2019, when they formed a joint logistics investment in Brazil.

The new platform launches with assets valued at approximately €1 billion (CAD 1.6 billion), combining income-generating properties with development projects. In total, it comprises around 844,000 sq. m. of Class A warehouse space across five key markets: France, Germany, the Netherlands, Sweden, and the United Kingdom.

According to Rana Ghorayeb, Executive Vice President and Head of Real Estate at La Caisse, the new venture leverages the expertise and capabilities of both groups, aiming to create a unified European logistics platform and maximise long-term investment value.

On the Prologis side, Ted Eliopoulos, Managing Director of Strategic Capital, emphasised that the partnership is built on years of experience and successful outcomes, with both parties now expanding their activities in the European market.

The joint venture plans to further expand its portfolio through acquisitions and new developments, leveraging Prologis’ development and operating platform. Asset management will be handled by Prologis, while key strategic and investment decisions will be made jointly.

Completion of the transaction is expected in the second quarter of 2026, subject to customary approvals and regulatory clearances. Financial adviser to La Caisse was Goldman Sachs & Co. LLC.

La Caisse (formerly CDPQ – Caisse de dépôt et placement du Québec) is one of the world’s largest institutional investors, headquartered in Canada, managing pension and insurance plan funds for the province of Quebec. In June 2025, it officially rebranded as “La Caisse” to modernise its identity.

Established in 1965, its core mission is to prudently invest the savings of Quebec’s 6 million citizens while contributing to regional economic development. Today, it manages net assets of approximately $517 billion, investing globally across private equity, real estate, and infrastructure. As part of its restructuring, it integrated the Ivanhoé Cambridge real estate portfolio directly under the La Caisse brand.

Prologis, Inc. is one of the world’s largest logistics real estate investors, with a global footprint and a leading role in shaping the infrastructure that supports modern commerce.

Through its ecosystems—ranging from flexible supply chains to clean energy solutions—the company helps businesses operate more efficiently, grow sustainably, and meet the increasing demands of the global market.