American transport and logistics real estate company Prologis is expanding its presence in Europe, agreeing to a joint venture with global investment group La Caisse.
The partnership highlights a growing appetite among institutional investors for logistics warehouses. Companies are actively reshaping their supply chains and moving production closer to home, a trend that demands strategically-located warehouse space. La Caisse will hold a 70% share in the venture, with Prologis owning the remaining 30% and assuming the role of operating partner.
The initial portfolio includes approximately 844,000 square meters of Class A logistics space, giving the venture immediate scale across Europe’s critical logistics corridors in France, Germany, the Netherlands, Sweden, and the United Kingdom.
IAM Member Impact: More available, modern warehouse space may mean greater options for moving companies, but the influx of investment could push up commercial lease rates in prime European corridors.
Source: Freightwaves