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Prologis (NYSE:PLD) shares rose slightly on Thursday after the company announced a joint venture with La Caisse to create a pan-European logistics platform.
Prologis and La Caisse are launching a €1 billion pan-European logistics platform called PLIVE.
KEY POINTS
- Prologis will own 70% of PLIVE, with La Caisse holding the remaining 30%.
- The PLIVE platform will include 844,000 square meters of Class A logistics assets across five countries.
- The joint venture deal is expected to close in Q2 2026, pending regulatory approvals.
- Prologis' EPS estimate for the next earnings report is down to 103 cents from 142 cents.
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