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La Caisse and Prologis Launch Pan-European Logistics Joint Venture - Prologis (NYSE:PLD)
La Caisse will hold a 70% stake as Prologis serves as operating partner and brings asset management and development expertise.
- On Thursday, La Caisse and San Francisco-headquartered Prologis launched a joint venture to acquire, develop, and operate logistics properties across Europe.
- Building on their 2019 collaboration in Brazil, the Canadian pension manager and Prologis aim to capitalize on shifting global supply chains as geopolitical uncertainty reshapes logistics demand.
- Under the plan, La Caisse holds a 70 per cent stake while Prologis owns 30 per cent, with the venture starting with about $1.6 billion in seed assets across France, Germany, the Netherlands, Sweden, and the United Kingdom.
- Christina Forrest, managing director of European real estate at La Caisse, said the investment prioritizes "long-term growth prospects and scalability" over short-term market impacts.
- Driven by ecommerce growth and changing manufacturing needs, demand for logistics sites is expected to remain resilient despite Middle East conflict risks and recent market headwinds.
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Shareholding structure of business will be divided by a fatty 70% for La Caisse and 30% for Prologis, with shared government rights among the parties
·Brazil
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Prologis, Caisse in US$1.2 billion logistics joint venture for European assets
La Caisse de Depot et Placement du Quebec and Prologis Inc. have set up a €1 billion (US$1.2 billion) joint venture to acquire and run European logistics assets as geopolitical uncertainty continues to reshape supply chains.
·Canada
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The Toronto Star+5 Reposted by 5 other sources
La Caisse to form European logistics joint venture with Prologis
MONTREAL - Quebec investment manager La Caisse has signed a deal with Prologis, Inc. to form a joint venture focused on acquiring, developing and operating logistics properties in Europe.
·Toronto, Canada
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Total News Sources15
Leaning Left5Leaning Right3Center4Last UpdatedBias Distribution42% Left
Bias Distribution
- 42% of the sources lean Left
42% Left
L 42%
C 33%
R 25%
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