Group taking advantage of tech firms expanding there
SINGAPORE: Blackstone Group Inc is seeking to invest in more properties in Singapore to capitalise on rising demand for office space among technology firms expanding in the city-state.
The plans come after the United States private equity firm announced that it’s purchasing an eight-story building from Lucas Real Estate called the Sandcrawler for S$176mil (US$132mil or RM543mil), confirming an earlier Bloomberg report.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
