La Caisse, the Québec‑based public pension fund, and U.S. logistics landlord Prologis have launched a pan‑European joint venture to manage a €1 billion portfolio of existing warehouses and development sites. The new vehicle, Prologis Logistics Investment Venture Europe (PLIVE), consolidates most of La Caisse’s regional logistics assets under a single platform, giving investors clearer exposure to cross‑border e‑commerce demand.

Ownership splits 70 percent to La Caisse and 30 percent to Prologis, reflecting the pension fund’s desire to retain control while leveraging Prologis’s operating expertise. By pooling assets across Germany, France, the Netherlands and Poland, the JV can pursue scale‑driven cost efficiencies and attract multinational tenants seeking contiguous distribution networks. The structure also simplifies reporting for La Caisse’s investors, who previously tracked multiple localized funds.

The €1 billion launch adds roughly €300 million of new capital commitments to Prologis’s European pipeline, strengthening its position against rivals such as Goodman and SEGRO. For La Caisse, the deal locks in a stable, inflation‑linked income stream as European logistics demand outpaces supply. It also broadens the fund’s geographic diversification across Western Europe.