Blackstone is seeking to make long-term investments in high-quality assets that provide strong returns, Alan Miyasaki, head of Asia real estate acquisitions, said in an interview. That would require having a strong roster of tenants, such as those in the Sandcrawler, which houses the Walt Disney Co. and the Government Technology Agency.
Blackstone Group is seeking to invest in more properties in Singapore to capitalize on rising demand for office space among technology firms expanding in the city-state.
The plans come after the US private equity firm announced that it’s purchasing an eight-story building from Lucas Real Estate called the Sandcrawler for $176 million, confirming an earlier Bloomberg report.
