Blackstone Group is looking to purchase Lucasfilm’s building in Singapore for about S$175 million, according to people familiar with the matter. The company has started the process of buying the building known as The Sandcrawler, pending regulatory approval, the people said, requesting not to be named because the matter is private. The move signals Singapore’s property assets continue to be attractive to foreign investors, who see the city’s political, financial and legal stability as an advantage. The facility, located in central Singapore, has eight floors of office space. It also includes a retail shopping area, a 100-seat theatre and lush gardens which accent its modern exterior. The building opened to much fanfare in Sept 2013, with Lucasfilm founder George Lucas and the city-state’s PM Lee attending the launch. Modelled 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 (SEA).... Continue Reading