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-2.51376285163479E-05 0.000477614941806323 0.00101627841000894 0.00198587265277372 0.000549436737566617 0.00115992200152973 0.00385323934254321 0.00464327909590705
Stock impact report

Prologis expands global footprint with European joint venture [Yahoo! Finance]

Prologis, Inc. (PLD) 
Last prologis, inc. earnings: 4/21 08:00 am Check Earnings Report
US:NYSE Investor Relations: ir.prologis.com
Company Research Source: Yahoo! Finance
The partnership underscores a growing appetite among institutional investors for logistics warehouses amid shifting global supply chains. The new platform, dubbed Prologis Logistics Investment Venture Europe (PLIVE), will initially include 1 billion euros ($1.17 billion) of logistics properties contributed by both firms. La Caisse will hold a 70% stake in the venture, leaving Prologis with 30% and the role of operating partner. Prologis ( NYSE: PLD ) will also provide asset management and real estate development services as part of the agreement. 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. The PLIVE agreement builds on an existing relationship between the two firms, which previously partnered on a Brazilian logistics venture in 2019. “Our partnership with La Caisse is built on year Show less Read more
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