Mayor London Breed Commends San Francisco Based Prologis for their Commitment to the City and APEC

Mayor expresses appreciation for the company’s commitment to San Francisco and the global forum
November 07, 2023

San Francisco, CA – Mayor London N. Breed today announced Prologis, Inc. the global leader in logistics real estate, as a major sponsor of the 2023 Asia Pacific Economic Cooperation (APEC) Leaders’ Meeting in November. San Francisco is serving as host of the APEC Leaders’ Meeting, which takes in the City from November 12-16, 2023. As the official host city, San Francisco, under the mayor’s leadership, is highlighting the City’s and region’s economic strength as leaders from 21 economies gather to discuss ways to create a resilient and sustainable future for the world. 

Prologis - which operates in 19 countries, including the United States, Canada, China and Japan - donated $1 million to the San Francisco Special Events Committee, which is responsible for all the APEC-related fundraising efforts. The Committee has raised $20.1 million to date.

“As a global enterprise and one of the largest companies headquartered in our City, we delighted that Prologis is supporting San Francisco’s hosting of APEC,” said Mayor London Breed. “This generosity demonstrates the company’s confidence in San Francisco’s future as the hub for technology innovation as well as their commitment to fostering continued economic growth in the City.”

“The company’s early days were modest as my partners and I began with a promissory note from Crocker Bank more than forty years ago. Today, we’re the global leader in our space,” said Hamid R. Moghadam, Prologis’ co-founder, chairman and CEO. “San Francisco is a special place to do business, with an unparalleled talent pool and a culture of innovation. We’re proud to be sponsoring APEC Economic Leaders Week 2023, which promotes fair and open trade and investment as well as advance sustainable and inclusive economic growth.”

Prologis' contribution will help enhance the experience for the 21 APEC member economies at the conference this month. This support not only strengthens this international conference but also underscores the company’s dedication to community engagement on a global stage.

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At September 30, 2023, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (114 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 6,700 customers principally across two major categories: business-to-business and retail/online fulfillment.


APEC (Asia-Pacific Economic Cooperation) is the premier platform for the United States to advance economic policies in the Asia-Pacific region to promote free, fair, and open trade and investment and advance inclusive and sustainable growth. As part of our enduring commitment to the region and broad-based economic growth, San Francisco is excited to serve as host of the APEC Leaders’ Meeting taking place in San Francisco, November 11-17, 2023. 

APEC will be the largest convening of world leaders in San Francisco since the UN Charter was signed in 1945 during the UN Conference on International Organization, also called the San Francisco Conference. 

This November, the United States will chair the 2023 Asia-Pacific Economic Cooperation Leaders’ Meeting in iconic San Francisco, California. The 21 APEC Member Economies account for nearly 40 percent of the global population and nearly 50 percent of global trade.  APEC’s themes this year are sustainability, inclusivity, innovation and resilience.