La Caisse and Prologis (PLD) announced an agreement to create Prologis Logistics Investment Venture Europe, or PLIVE, a new pan-European joint venture focused on acquiring, developing and operating high-quality logistics properties. La Caisse and Prologis will hold 70% and 30% interests, respectively, with governance rights shared between the partners. Prologis will provide specialized asset management and development expertise as the operating partner of the platform.
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