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0 -0.000322869955156861 -0.000466367713004468 -3.58744394618508E-05 0.000358744394618916 0.00355156950672649 0.00455605381165933 -0.000968609865470787
Stock impact report

Maple Eight fund teams up with European firm to form $1 billion logistics joint venture [Wealth Professional (Canada)]

Prologis, Inc. (PLD) 
Last prologis, inc. earnings: 4/21 08:00 am Check Earnings Report
US:NYSE Investor Relations: ir.prologis.com
By Josh Welsh La Caisse and Prologis announced Thursday the creation of a new pan-European joint venture that will acquire, develop, and operate high-quality logistics properties across the continent, anchored by an approximately EUR$1 billion seed portfolio. The platform, named Prologis Logistics Investment Venture Europe (PLIVE), will see La Caisse hold a 70 per cent interest while Prologis, the global logistics real estate giant listed on the NYSE, retains 30 per cent. According to the release, governance rights will be shared between the two partners, with Prologis serving as the operating partner responsible for asset management and development. "We have seen Prologis' best-in-class capabilities to drive returns firsthand through our partnership in Brazil," said Rana Ghorayeb, executive vice-president and head of real estate at La Caisse. "Together, we will gain greater exposure to the European logistics sector, strengthen execution, and maximize the performance and scal Show less Read more
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