La Caisse and Prologis Inc. (NYSE: PLD) announced the creation of Prologis Logistics Investment Venture Europe, a joint venture focused on acquiring and developing logistics properties across Europe.

The venture will launch with approximately EUR 1 billion in seed assets, comprising 844,000 square meters of logistics space across France, Germany, the Netherlands, Sweden and the United Kingdom. La Caisse will hold a 70% interest while Prologis will maintain 30% ownership and serve as the operating partner.

The platform combines income-generating properties and development sites contributed by both partners. Prologis will provide asset management and development expertise, while major strategic and financial decisions will be made jointly between the partners.

"We have seen Prologis' capabilities to drive returns firsthand through our partnership in Brazil, and we are building on our combined strengths to create a consolidated pan-European platform," said Rana Ghorayeb, Executive Vice-President and Head of Real Estate at La Caisse.

The companies plan to expand the platform through acquisitions and development across European logistics corridors. This builds on an existing relationship between the firms dating to 2019, when they formed a logistics joint venture in Brazil.

The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals. Goldman Sachs & Co. LLC served as exclusive financial advisor to La Caisse.

La Caisse, formerly known as CDPQ, manages CAD 517 billion in net assets as of December 31, 2025. Prologis' Strategic Capital business manages $102 billion in assets, including $67 billion of third-party capital.