La Caisse (formerly CDPQ) and Prologis have launched a joint venture (JV) with a €1bn (£870m) logistics seed portfolio spanning France, Germany, the Netherlands, Sweden and the UK. Prologis Logistics Investment Venture Europe (PLIVE) will focus on acquiring, developing and operating high-quality logistics properties to build on its 9m sq ft seed portfolio. La Caisse and Prologis will hold 70% and 30% interests, respectively, with governance rights shared; Prologis will operate the platform.