Blackstone Buying Lucasfilm Singapore Facility for $132 Million

Bloomberg2021-01-12

Blackstone Group Inc.is looking to purchaseLucasfilm’s building in Singapore for about S$175 million ($132 million), according to people familiar with the matter.The company has started the process of...

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Zaleon
2021-01-12
Zaleon
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Other American companies includingAmazon.com Inc.andFacebook Inc.are also expanding their presence, while China’s tech behemoths such asTencent Holdings Ltd.and ByteDance Ltd. are looking to make Singapore a beachhead for Southeast Asia.The facility, located in central Singapore, has eight floors of office space. It also includes a retail shopping area, a 100-seat theater and lush gardens which accent its modern exterior. The building opened to much fanfare in September 2013, with Lucasfilm founder George Lucas and the city-state’s Prime Minister Lee Hsien Loong attending the launch.Modeled after the Sandcrawler, a fictional vehicle featured in the Star Wars films, the building was used as the regional headquarters for the digital animation studio and also served as the base for The Walt Disney Company (Southeast Asia).Singapore’s home prices are also seeing a recovery, rising to the highest in more than two years last quarter. 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