Transactions - JANUARY 13, 2021

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Blackstone buys Lucasfilm Singapore facility for $132m

by Andrea Zander

Blackstone Group has plans to buy Lucas Real Estate Singapore’s iconic facility, the Sandcrawler, for S$175.8 million ($133 million), reported media outlets.

Located within the Fusionopolis cluster in Buona Vista, the state-of-the-art complex houses Lucasfilm’s visual effects and animation studio, Industrial Light & Magic (ILM).

The 22,500-square-meter (242,000-square-foot) campus spans up eight stories. It has office space, retail areas, lush gardens and a 100-seat theater.

The sale shows Singapore’s property assets continue to be attractive to investors. The country was ranked second of investors increased interest, according to CBRE’s 2021 Asia Pacific Investor Intentions Survey. And it was r

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